Just received an email from the City of Roanoke Collections Office that there will be a judicial sale of delinquent homes on June 29, 2010 at 12:00pm.
Fitzpatrick Hall, Jefferson Center
541 Luck Avenue
Roanoke, VA 24016
I’ve been to a few of these and while the homes are usually distressed to some degree, if you’re a flip-it or fix-it-up type investor, you should be there. The sale is handled in an auction format with bidding, etc. Make sure to check out the terms, etc. for purchasing before you arrive.
Here’s the full email:
ROANOKE, VA – The City of Roanoke will hold an auction at noon on
Tuesday, June 29, at the Jefferson Center’s Fitzpatrick Hall for
approximately 22 properties that have delinquent real estate taxes,
assessments for weed and trash abatement, and demolition or board-up
costs. A listing of the properties is online at
According to state law, properties qualify for the Judicial Sale
process when taxes are delinquent on Dec. 31 following the first
anniversary of the date on which the taxes have become due. State law
also provides that any property sold during these proceedings is
purchased free and clear of all liens incurred by the owner or any
other party involved in the suit. However, all successful bidders
must meet the terms of the Bidder Qualification Program to ensure
that there are no unpaid taxes or code violations on other properties
that they may own. All sales are subject to Circuit Court approval.
“Despite vigorous collection efforts by the City Treasurer and the
Department of Billings and Collections, these property owners have
failed to pay their debts,” said Dana Long, Manager of Billings and
Collections. “Aside from the collection of delinquent taxes, fees,
and assessments, neighborhoods benefit from the tax sales by having
new, responsible owners who will properly maintain the property and
pay future taxes.”
To redeem any tax sale property, the owner must pay, in full, all
accumulated taxes, assessments, penalties, interest, and costs,
including all legal fees, by 5 p.m. on the day before the sale. The
listing of the tax sale properties is subject to change up until the
time of sale.
Additional information is located on the city’s website at
www.roanokeva.gov/taxsale. For more information call Dana Long at
I have two foreclosures that will be on the market soon. They are vacant and being evaluated now for pricing but I wanted to give everyone a heads up if you or someone you know may be interested.
The first foreclosure is in Blue Ridge (Botetourt County) in the Rainbow Forest area. It is a 3 bedroom, 3 bath ranch with a full basement (50% finished). The basement has a fire place and the kitchen in this home is enormous. It also has a two car garage and is at the end of a cul-de-sac just off of Mountain Pass Road. Price to be determined but it’s sure to be a bargain in this popular neighborhood. A few minor repairs and it’ll be a show place. (This property is now for sale. See it here.)
The second foreclosure is in NE Roanoke City in Read Mountain Estates off of Old Mountain Road. It is a 4 bedroom, 2 and a half bath Colonial with nice level yard and great landscaping. It features skylights, walk-in closets, a large island in the kitchen and a quiet dead end street in another popular neighborhood. The price on this home is also to be determined but no doubt it’ll be a bargain too. The last foreclosure I sold in this neighborhood sold for way below the market value.
There’s a nice little foreclosure that just came on the market in the Woodhaven area of North Roanoke County. I’ve personally inspected it and although, as with most foreclosures, it does need some repair work, it’s a great value. Here are the vitals-
- 4 bedrooms
- 2 baths
- 1660 square feet
- Full basement
- Huge deck in the back yard
- Tile floor in kitchen
- Central air
- Forced air gas heat
And here’s a foreclosed town home also in the North Roanoke County area. It’s vitals are-
- 4 bedrooms
- 2.5 baths
- 1924 SF
- Full basement
- Central air
- Forced air gas heat
Call me for a personal tour of either of them or to answer your foreclosure questions!
It seems like lately that the Old Southwest neighborhood in Roanoke is one of the hot places to be and a great place for investment as well. Here’s your opportunity to get in on the ground floor with some properties that are ready to be taken over.
117 12½ Street SW, Roanoke
- A lot of refurbishing is already completed
- Great positive income rental potential and close to the bus line
- New roof, electric panel, siding, wiring, flooring, carpet, vinyl, etc.
- 4 bedroom, 2 baths
- Great Old Southwest style
609 Elm Avenue SW, Roanoke
- Doesn’t need many repairs, would make a great remodeling project
- Great architectural details, fireplace, old style windows, bonus attic space, dormer windows, etc.
- 4 bedroom, 1 and a half baths
- Classic Old Southwest architecture and style
1722 Patterson Avenue SW, Roanoke
- Needs a few repairs but not much
- Great positive income rental potential and close to the bus lines
- Lots of space, your tenants will love it!
These folks are ready to sell. They have just listed this 3 bedroom, 2 bath immaculate home in Bonsack for the low price of $199,950! That’s a great deal for this neighborhood if you’ve recently compared home sales in the area.
This house features views of the surrounding mountains from every major room (including the bedrooms!) If you look closely at the photo you can see the reflections of the mountains in the front windows! A spacious 2-car garage and enormous, level back yard are also yours for the taking. This house is well-kept with recent landscaping, paint and more! It features a nice deck off the dining room for entertaining, grilling out and enjoying the view of the Mill Mountain Star in the distance!
Call your agent (or me) for a private viewing before it’s gone! You can also click here to view the virtual tour.
This Botetourt County home has been sold.
Here’s a great Botetourt County ranch home, HUD foreclosure, ready for a quick flip or new home buyer.
This home features 3 bedrooms and 2 full baths. The master bedroom looks onto the backyard (see photo) and has its own private master bathroom with bathtub! Ceiling fans in the rooms and an enormous dining room and kitchen with newer cabinetry and counter tops really provide room to entertain your guests!
The exterior features a large 2-car garage with garage-door opener, and back-door access to the garage. The yard is 0.5 acres with views of the surrounding woods and mountains in Botetourt County.
Foreclosed real estate in Botetourt County like this doesn’t come around every day and is a real steal at only $160,000. Call me today before it’s gone!
This Botetourt County real estate has been sold.
This foreclosure in northwest Roanoke was a great deal for the investor who purchased it. I sold it for only $47,000!! Can you believe that? Foreclosing banks and the government are eager to get rid of their inventories.
There are many many foreclosure deals like this to be had in Roanoke. Why don’t you contact me to receive a regularly updated list of deals?
Congratulations to my clients, the Howards, who recently purchased this beautiful new construction just over the line in Craig County. This beautiful home features a full acre of cleared land with views of the Blue Ridge Mountains all around. Featuring 3 bedrooms, 2 full baths, garage and two covered porches I have a feeling they’re going to enjoy the scenery and Roanoke Valley views!
DUPLEX FORECLOSURE SOLD
One of my regular investment clients recently purchased this duplex in SW Roanoke City. It appears the previous owner was attempting a remodel job when they were foreclosed on, saving my investment client some time and money.
This duplex foreclosure features 2 units with 2 bedrooms and 1 bath each with kitchens and baths.
The duplex also features a full basement for tenant’s storage and a walk-up attic that could be remodeled into an efficiency apartment. Quite the bargain with a sales price of around $57k.
Are you out there looking for deals like this? Contact me for more info and to be added to my regular foreclosure listing email!
Soon you’ll be able to buy and sell your home at a mall near you!
iRealEstate, LLC will be bringing an interactive real estate kiosk at Valley View Mall in August. Valley View Mall has nearly 1 million shoppers per month! Imagine having your home advertised for sale by your agent in front of even a fraction of those shoppers!
This real estate kiosk is new to the area and features 48 back-lit ads of local homes for sale. It also will have advertising for local businesses and two interactive touch screen monitors featuring slide shows for all homes and businesses advertised on the kiosk. There will even be participating real estate agents available to answer your real estate questions!
The iRealEstate kiosk will be located in the food court directly across from the new Barnes & Noble Bookseller on the main level. Visit the Valley View real estate kiosk to list your home with one of our agents and have your home for sale advertised at the mall!
If you’re a real estate agent and are interested in being a participating advertiser, contact their sales manager at (540) 397-0014.
There was a good article published in the Great Homes section of the New York Times on 6/22/2007 about Smith Mountain Lake and New Englanders who choose SML as a retirement destination.
The article, titled- In Virginia, a Blue Ridge Retreat That’s ‘a Little Undiscovered’ emphasizes the affordability of Smith Mountain Lake for people used to high prices in large metro areas like New York and New Jersey.
“One day I was at work, and one of my buddies said he bought a place on a lake down here and would I come visit him on a vacation,” Mr. Rada, a retired supervisor for a natural gas company, said of his first trip to Smith Mountain Lake, in 1992. “It wasn’t a year before I bought a house here, too. Who in Jersey could have a house overlooking a lake with a dock for a couple-hundred-thousand dollars?”
I think that’s the primary appeal for the Roanoke Valley and Smith Mountain Lake for retirees from our northern neighbors. A home on the water at Smith Mountain Lake is relatively cheap when compared to comparable accommodations up there.
Mr. Rada has since sold that first house — at a 200 percent profit, he said — and now owns a three-bedroom, three-bath town house he bought for $320,000 two years ago in the Mariners Landing development at Smith Mountain Lake. It has a sunset view of the lake from the back covered porch and a sunrise view, only disturbed by the first hole of the Mariners Landing golf course, from the front covered porch.
“It’s all too relaxing here,” he said. “I meet people all the time who come here for a second home or retirement from New Jersey.”
The article goes on to compare life at Smith Mountain Lake to the retiree rat race in Florida and other areas.
Smith Mountain Lake is a great place to live whether you’re a retiree or not. Are you relocating to Smith Mountain Lake? Contact me for help in finding your Smith Mountain Lake home.
My two most recent home sales in southwest Roanoke.
The first house is 609 Elm Avenue SW sold to an investor who plans to refurbish the home to either rent or possibly resale at a later date.
The second home is a foreclosure in southwest Roanoke. This investor picked up a solid deal on this home that, although it needs moderate repairs, will turn him a good profit when he decides to sell it.
If you’re interested in foreclosed homes for sale in or around the Roanoke Valley, please feel free to contact me to be added to my list of investors and buyers. I regularly email my list with new and upcoming Roanoke and Smith Mountain Lake foreclosures.