Roanoke City Tax Sale
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.
Location:
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
www.roanokeva.gov/taxsale.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
540-853-2880.
Upcoming foreclosures for sale
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.
Old Southwest investments in Roanoke
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
- $66,500
- 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
- $82,500
- 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
- $85,500
- 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!
Another Roanoke Foreclosure SOLD!
FORECLOSURE 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?
SOLD! Foreclosure hunt is on!
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!
Sold! Foreclosure plus one in Southwest Roanoke
SOLD!
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.
Congrats George!
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.
SOLD! Roanoke Foreclosure
SOLD!
This Roanoke, Virginia foreclosure sold in only 47 days! Contact me for more information on Roanoke Valley foreclosures.
I have a list of current REO properties available for sale and soon to be available homes.
Find out about foreclosure homes before they hit the market by contacting Roanoke real estate agent Marty Martin.
For Sale: Grandin Court Cottage
FOR SALE
Dreamed of cottage living in Grandin Court? Then this beauty is for you!
This home features a cozy floor plan with comfortable den/living room with wood stove, gleaming hardwood floors and more! This long-term owner has really cared for this home. It has a wonderfully serene front porch with classic metal roofing for enjoying a rainy or sunny day! Set away from the road you can enjoy your day or evening on the porch or nearby detached covered deck. Featuring 0.39 acre fenced yard with paved driveway, outdoor shed for storage and even the hot tub stays for the new owners!
Perfect 1-level living with two bedrooms, walk-in closet, kitchen with new counter tops and floor, newly refinished hardwoods, new gutters and furnace round out this great home value in beautiful Grandin Court in Roanoke City. Convenient to Grandin Village and Cave Spring Corners. For more information, give Marty Martin a call at (540) 397-0014. A great deal at only $139,950.
Sold in 7 days!
SOLD
This Roanoke Virginia foreclosed home was listed and sold by me in 7 days! I list and sell many foreclosures in the Roanoke area as well as regular homes for sale. Give me a call (540-397-0014) for my current foreclosure inventory and a sneak preview of foreclosed houses that will be coming to market soon in the Roanoke Valley.
908 Grayson Avenue NW, Roanoke
SOLD
A great northwest Roanoke home for a first-time home buyer or investor in Roanoke! This foreclosed home is just released to the market and is priced by the owner for a very quick sale. Great condition on the inside with hardwood floors and great style.
It has a huge lot for the neighborhood at almost a quarter acre and a great front porch for sitting and relaxing.
Priced to sell at only $79,900! Call me before its gone!
Colonial for sale in Raleigh Court
OFF MARKET
A grand two-story brick Colonial home situated in one of Roanoke’s most desired neighborhoods- Raleigh Court.
Exquisite 3 bedroom, 2 bath home with beautiful hardwood and tile floors, comforting fireplaces and stately presence, in the heart of Raleigh Court. This great buy is convenient to Grandin Village and will afford luxurious living to its next owner. Internet ready rooms too!
Affordably priced at $229,000, this home won’t be on the market long! Call before it’s gone!
Price reduced to $219,950 and seller is offering a home warranty to the buyer! Seller is being transferred out of town and is motivated!
Raleigh Court Tudor For Sale
OFF MARKET
A grand tudor situated in one of Roanoke’s most desired neighborhoods- Raleigh Court.
Enjoy an easy walk to Grandin Village for a great dinner and movie at the historic Grandin Theatre. Convenient to all of Roanoke, this beautiful 3 bedroom, 2 bath tudor home won’t last!
Beautiful hardwood floors, stately fireplace, built-in bookcases, convenient fenced yard, and a spacious porch are only a few of the conveniences and features that will make you want this home to be yours.
Get a sneak peek inside with this great virtual tour! You can learn more about Roanoke’s tudor style homes by visiting my previous post here.
The price has recently been reduced to $227,000 and won’t last long! Call before it’s gone!
