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Old 12-29-2008, 09:55 AM
 
83 posts, read 741,975 times
Reputation: 237

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Hello, I noticed where the HGTV dream home this year is in the city of Sonoma. The area looks really nice. Has anyone taken a tour of the house ?
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Old 01-01-2009, 10:31 PM
 
9 posts, read 49,141 times
Reputation: 13
i'm watching the program on tv, house looks fabulous make sure go to hgtv and submit your request to win the house.
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Old 01-02-2009, 02:27 PM
 
1 posts, read 9,106 times
Reputation: 13
I entered to win this house. For whoever wins it, they will have to pay the taxes on it. What would the estimated cost for the taxes be on $1,800,000 (the estimated value on the house, property and landscape)? If by some chance that I might actually win it I would like to know so I am not forced to sell just to pay the taxes. I liked to be prepared.
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Old 01-02-2009, 03:33 PM
 
Location: South Park, San Diego
6,109 posts, read 10,887,176 times
Reputation: 12476
I don't think that ANY of the winners in the past dozen years have actually been able to afford the house that they won and all had to sell within a couple of years.

Be careful for what you wish for...
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Old 01-02-2009, 03:38 PM
 
Location: 38°14′45″N 122°37′53″W
4,156 posts, read 11,007,321 times
Reputation: 3439
I didn't get a tour of the house but I was passed up when I auditioned for a hosting job with HGTV on that dream house....b*ggers.
The house is in a development owned and built by Steve Ledson....a bit of a controversial figure locally.
It's HGTV's first 'infill' development, not a sprawling home on multiple acres. It's in a walkable neighborhood type setting close to Sonoma Square.
I've been around the area but have not seen the inside.
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Old 01-02-2009, 08:18 PM
 
Location: Wayward Pines,ID
2,054 posts, read 4,273,774 times
Reputation: 2314
Total ARV of Grand Prize is $2,052,450. Feds will want $750K or so. Kalifornia will want $180K or so.
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Old 01-03-2009, 07:00 PM
 
650 posts, read 2,516,876 times
Reputation: 299
I looked at the site. Besides being liable for all the property taxes, they will issue you a 1099 on the value of total prize. So unless you are rich, it would be a burden to win this it seems
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Old 01-04-2009, 05:29 PM
 
29 posts, read 120,861 times
Reputation: 17
I think I read once that HGTV pays the first years taxes.
I wouldn't be able to afford it although I did enter, but after selling it, I could still get a pretty nice affordable place in beautiful Sonoma.
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Old 01-06-2009, 05:32 PM
 
1 posts, read 8,703 times
Reputation: 10
Does anyone know how much the local property tazes would be? after paying the IRS & State-
who could afford to live in this house???? I entered the contest, and now I hope that I do NOT win!!
Is the house on an acre of land? Is Sonoma a nice place to live?
I live in New England, so I do not know what it is like out there!

SC
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Old 01-06-2009, 06:02 PM
 
Location: The High Seas
7,372 posts, read 16,007,664 times
Reputation: 11867
Sonoma's beautiful and safe, and this house appears to be located near the town square; an enviable place to live.
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