Land Auction Nets Saint Louis County $285,000 And Future Tax Base
Officials with Saint Louis County returned seven properties to the property tax rolls following a land auction that was held June 11 at the St. Louis County Heritage and Arts Center (The Depot). The sale was the largest county land sale ever in the history of the county.
Approximately 50 people attended the event and seven properties sold for a combined total of $285,000. The newly purchased properties range from a six-acre site along Highway 53 in Leiding Township that sold for its appraised value of $4,500 to a 40-acre site in Duluth Township, appraised at $78,400, which sold for $91,000.
Many large properties in the area that were up for bid did not sell; The Land and Minerals Department will now offer those at the appraised price on a first come-first served basis. These include two sites on 88th Avenue West, one of which is 37 acres at the entrance to Morgan Park; and a site along Commonwealth Avenue.
Also – a parcel on Park Point remains. The property is 3.1 acres and is appraised at $749,500. This lot includes 200 feet of shoreline on the bay side and could be subdivided for single family homes, duplexes, or townhomes.
Parties interested in any of these remaining properties can learn more on a page set up on the Saint Louis County website.