Saturday, July 25, 2009

Longmeadow to Sell Property at Auction

The Town of Longmeadow will auction off property at 386 Bliss Road on Wednesday, August 12 at 7 PM. The auction will take place at the Longmeadow Community House. The last public auction of property in Longmeadow took place in November 2003.

According to Mary D. Pequignot, Longmeadow Treasurer/ Collector, the town acquired this property earlier this year through a tax title foreclosure. There is an estimated $100,000 owed to the town including delinquent property taxes, outstanding water and sewer bills and associated legal fees. The key objectives of the public auction is to recover these costs and to re-establish this property on the tax rolls.

As can be seen in the photos below the house has not been maintained for many years and is in pretty poor condition. There have been people living in the house until earlier this year when the occupant was evicted. The house has not been cleaned and will be sold on an “as is” basis.

The current value of this property is listed on Longmeadow's assessment records at $231,000 with the 0.50 acre of land listed at $190,000. It would appear that best outcome for Longmeadow and the surrounding neighbors would be for the winner bidder to demolish this house which is currently a significant neighborhood eyesore and to build a new one. This property is situated on a corner lot (corner of Bliss Road/ Oakland Drive) in a desirable location close to local schools (Blueberry Hill Elementary School/ Williams Middle School and Longmeadow HS) and Bliss Park.

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There will be an open house on Wednesday, August 5 from 10 am – 12 noon for interested parties. For those interested in participating in the open house or public auction please read the official press release on the Longmeadow Community Bulletin Board.

Given the current real estate market, the winner bidder for this property could get a real bargain.

I hope to be able to post videos of the open house and the public auction, so if you are interested, please bookmark this blog and plan to come back to read future posts.