The auctions are intended to return properties to the tax rolls and reduce blight in neighborhoods.
SPRINGFIELD – The city has scheduled an auction on July 19 to sell 26 tax-foreclosed properties, an event that was postponed from a month ago due to the June 1 tornado.
The auction begins at 6 p.m., at City Hall, and features nine houses, one commercial property and 16 lots. Registration begins at 5 p.m.
Open houses are scheduled July 18.
It is the second city auction of the year and is being conducted by Daniel J. Flynn & Co. of Quincy.
Mayor Domenic J. Sarno said the sale of the properties leads to renovations and reuse having a “a tremendous impact on the abutting property owners’ quality of life and adds to the overall aesthetics of our city’s neighborhoods.”
The city has been very aggressive in its tax taking process, “and getting these properties back on the tax rolls is a huge benefit to the city,” Sarno said.
A 5 percent buyer’s premium covers the auction fee, so the cost is added to each high bid, which represents the final sale price.
Auction participation requires bidders to come prepared with a certified or bank check, made out to themselves, in the amount of $5,000 per property.
The auctioneer, Daniel J. Flynn, has praised the Springfield auctions as being well-attended and as providing great values for buyers looking to invest in and purchase real estate.
Additional details, including specific open house schedules and property information, are available in the photo gallery accompanying this story or on the map below, on the city’s website at www.springfieldcityhall.com, or from Daniel J. Flynn & Co., Inc., at www.flynnauctions.com.
View Springfield Municipal Auction scheduled July 19, 2011 in a larger map
Click on markers for more information
Legend:
Blue markers: Houses
Purple markers: Lots
Green marker: Commercial property