December 6, 2007
get your very own vacant lot!
Motley’s will be auctioning for the city a group of 12 different properties (PDF), including undeveloped lots in Union Hill, Woodville, and Oakwood, on Wednesday, December 12th at 6:00PM.
A Judicial Sale is a sale of tax delinquent real estate initiated by a locality pursuant to Section 58.1-3965 of the Code of Virginia. Generally, properties are eligible for sale on December 31 following the second anniversary of the due date of delinquent taxes. The statute also imposes very specific notice and procedural requirements. All sales involve legal proceedings filed with the circuit court and all sales are subject to court approval. The court appoints a special commissioner to conduct the sale. Properties are sold free and clear of all liens and encumbrances.
Offering #1: 606 North 24th Street, Richmond, VA 23223
Zoning: R-53 Suggested Opening Bid: $7,500.00
Lot Size: 2,214 +/- SF Deposit: $2,500 or 20% whichever is greater
Type: Undeveloped Lot Motley ID #: R8052Brief Description: This undeveloped lot is approximately 41 X 54 feet. The lot is located between East Leigh Street and M Street in the Union Hill Neighborhood. Bidders should check with Zoning Administration for information on requirements to build on this lot.
Offering #2: 1404 North 26th Street, Richmond, VA 23223
Zoning: R-5 Suggested Opening Bid: $12,500.00
Lot Size: 8,400 +/- SF Deposit: $2,500 or 20% whichever is greater
Type: Undeveloped Lot Motley ID #: R8052Brief Description: This undeveloped lot is approximately 56 X 150 feet. The lot is located between County Road and Fairmont Avenue in the Woodville Neighborhood. Bidders should check with Zoning Administration for information on requirements to build on this lot. The buyer of this property will be required to sign a Development Agreement upon closing.
Offering #3: 1212 North 37th Street, Richmond, VA 23223
Zoning: R-5 Suggested Opening Bid: $7,500.00
Lot Size: 3,600 +/- SF Deposit: $2,500 or 20% whichever is greater
Type: Undeveloped Lot Motley ID #: R8052Brief Description: This undeveloped lot is approximately 30 X 120 feet. The lot is near the corner of 37th Street and R Street in the Oakwood Neighborhood. Bidders should check with Zoning Administration for information on requirements to build on this lot.
Buyer Beware! on 606 n 24th. see “bidder info” tube on lot. the properties surrounding it has been surveyed, and the city description is WRONG!!! tiny dimensions, and NOT AT ALL as described by Motleys. Two recent surveys of surrounding properties (purchased within last 4 years) show boundaries of 606 to be substantially smaller in square footage…this is an irregularly “L” shaped lot with no alley access. City attorney is aware of the discrepency but leaving it up to bidders to do due diligence. CAVEAT EMPTOR on all properties at city auctions.