St. Louis County Land Sale Raises Funds And Returns Properties To The Tax Roll
It was pretty good day for the buyers, tax payers, and St. Louis County on June 10! That was the date of a public land sale that offered tax forfeited properties back to the general public. Over the course of the day 16 properties were sold to eager buyers, raising $386,500 in funds and returning them to the tax roll for future revenue for the county.
The auction was held at the St. Louis County Heritage and Arts Center - The Depot and lasted less than an hour.
Among the higher-yield properties: a half-acre lot on the Ash River for $54,000 and an irregularly-shaped parcel in Duluth's Denfeld neighborhood that sold for $58,000. Two lake shore properties were included in the sale - valued at $90,000 and $58,600.
Most of the properties that sold went for the minimum asking price -although a 4.2-acre parcel in Bassett Township started at $10,500 and crept up to $23,000 following a bidding war.
A few of the properties offered didn't sell. Those can now be purchased at any time over the counter for the appraised value. You can learn more by clicking here.