Press Release brought to you by SVN Auction Services

SVN/Motleys to conduct sale of 33 tax-delinquent properties in Richmond

08/09/2017

Aug. 23 auction comprises 33 city-owned, 5 consignment, 1 surplus properties

 

Richmond, VA  – SVN/Motleys, a founding partner of SVN Auction Services – in conjunction with the City of Richmond – will conduct the sale of 1 surplus, 5 consignment and 33 city-owned properties. The sale includes residential houses, and residential and commercial lots.

The sale will be at 4 p.m. Wednesday, Aug. 23, at the offices of SVN/Motleys at 3600 Deepwater Terminal Road in Richmond. Online bidding is available now at motleys.com.

An available property singled out by Tim Dudley, CAI, AARE, senior advisor for SVN/Motleys, is a three-parcel listing comprising nearly 7 acres in the South Central section of the city on Warwick and Rear Hull Street roads.

“This is an outstanding investment and development opportunity in a revitalized area of the city,” Dudley said. “We expect a large turnout, not only for this parcel, but for the other investor opportunities with the available properties.”

The three parcels have a combined 2017 tax assessment of $465,000.

The properties are listed below with address, area, type and 2017 tax assessment.

City-owned properties

1.     1401 N. 22nd St., Fairmount, .087-acre lot, $20,000

2.     1310 N. 23rd St., Fairmount, .06-acre lot, $20,000

3.     1510 N. 24th St., East End, 2-bedroom house, $19,000

4.     1708 N. 24th St., Peter Paul Trail, 3-bedroom/1-bath house, $30,000

5.     1709 N. 24th St., Peter Paul Trail, 3-bedroom/1-bath house, $36,000

6.     1406 N. 25th St., East End, 4-bedroom house, $93,000

7.     514 N. 26th St., East End, .077-acre lot, $45,000

8.     1709 N. 28th St., Valentine Mechler Plan, 3-bedroom/2-bath house, $126,000                           

9.     2000 N. 29th St., Woodville, .148-acre lot, $18,000

10. 2110 N. 29th St., Woodville, .154-acre lot, $18,000                                                                 

11. 2112 N. 29th St., Woodville, .072-acre lot, $15,000                                                                 

12. 1320 aka 1322 N. 31st St., East End, .133-acre lot, $18,000

13. 2200 Redd St., Newmans Plan, 4-bedroom house, $19,00                                                                   

14. 1207 Ashley St., Harrison Place, .138-acre lot, $20,000

15. 2807 Newbourne St., Woodville, 3-bedroon/1-bath house, $31,000

16. 1906 Chelsea St., Worsham Court, 3-bedroon/1-bath house, $60,000

17. 1806 Sussex St., Eastview, 3-bedroon/1-bath house, $64,000

18. 2209 E. Marshall St., East End, .095-acre lot, $70,000

19. *2106 N. 29th St., Woodville, 3-bedroon/2-bath house, $52,000; 2820 Purcell St., Woodville, .236-acre lot, $20,000; 2822 Purcell St., Woodville, .1866-acre lot, $18,000; 2824 Purcell St., Woodville, .054-acre lot, $15,000

20. 3104 N. 3rd Ave., Highland Park, 2-bath house, $55,000

21. 3159 Decatur St., Weisigers Plan, .117-acre lot, $10,000

22. 4307 Deloak Ave., Broad Rock Home, .89-acre lot, $30,000

23. 1832 Keswick Ave., Richmond Summit, 3-bedroom house, $30,000

24. 4200 Terminal Ave., Southside, 1.75-acre lot, $20,000

25. 3940 Terminal Ave., Southside, 5.45-acre lot, $145,000

26. 9 W. 31st St., West Manchester, 1-bath house, $49,000                                                                 

27. x-5300 Rear Hull Street Road, South Central, 1.75-acre lot, $106,000; 5315 Warwick Road, South Central, .187-acre lot, $10,000; 5323 Warwick Road, South Central, 5-acre lot, $349,000

28. 4713 Fitzhugh Ave., Monument Ave Park, 4-bedroom/1-bath house, $158,000

Note: *2106 North 29th and 2820-22-24 Purcell to be sold as one parcel; x-5300 Rear Hull Street and 5315 and 5323 Warwick to be sold as one parcel

Surplus property

     29. 816 Riverside Park, Oregon Hill, .06-acre lot, $60,000

Consignment properties

30. 300 E. Graham Road, Battery Court, 1.14-acre lot, $70,000.00

31. 9516 Fernleigh Drive, .35-acre lot, $18,000.00

32. Mount Clement Park (Lot 8), Tappahannock (Essex County), 1.23-acre commercial lot, $98,400

33. New Lot 10 – West Point Industrial Park, West Point, VA (King William County), 2.00-acre commercial lot, $120,000

34. Main Street Portfolio, Waverly, VA (Sussex County), Commercial Redevelopment Opportunity              

About SVN Auction Services

SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional accelerated marketing advisors throughout the United States who specialize in accelerated marketing services for commercial real estate assets. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions — from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers.  For more information, visit SVN Auction Services.

Contacts

Tim Dudley, CAI, AARE, senior advisor, SVN/Motley / 804-822-3131 tdudley@svn.com

Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Auction Services / 321-213-1818 

Source

SVN Auction Services

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