Thursday, September 22, 2011

House for Sale

There's a great house for sale on State Street, with lots of good original exterior details, for someone who has the skill, capital, passion, courage, and spirit of adventure needed to restore it. 

In August, the City of Hudson took possession of 545-547 State Street for delinquent taxes. On September 14, 2011, the house was to be sold at public auction, but there were no bidders. As is its custom, the City had set the minimum bid as the amount that was due in back taxes--$49,017--and no one was willing to start the bidding at that amount.  

After the auction, someone offered to buy the house for an amount that was significantly less than the Kelley Blue Book value of a seven-year-old Subaru. It was agreed at last Tuesday's Common Council meeting that, rather than sell the property for such a ridiculously low price, the City would accept other bids, until the end of business on October 3, and the property would be sold to the person making the highest reasonable bid. 

If you want this house, you just have to determine how much you're willing to pay for it and submit your bid in writing to the City Treasurer. If yours is the highest reasonable bid, the house will be yours for that amount. If you have questions about the process or want to arrange to view the house, contact the City Treasurer.       

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