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Land bank manager updates members on available lots, listing for 324 E. Eleventh and potential tax-sale properties
Summary
The land bank manager reported one buildable lot listed at 75% of appraised value (324 East Eleventh Street, listed at $5,595), discussed limited property intake from tax sales and donations, and outlined next steps on a liened property at 611 East Eighth Street and other potential lots.
The land bank manager updated members on property inventory and potential acquisitions, saying the land bank currently holds one lot at 324 East Eleventh Street and has fielded preliminary interest in several other parcels.
Manager’s update: 324 East Eleventh Street is listed on the land bank’s website for $5,595, described as 75% of the county appraised value. Staff said the lot’s configuration is unusually long and deep and does not meet Habitat for Humanity’s buildability specifications, which limits immediate developer options. The manager said staff may place simple “land bank” signs at available lots and list properties on public platforms such as Zillow or realtor.com rather than use a full-service real estate listing for a single lot.
Tax sales and liens: Staff reported limited inflows from tax-sales activity; the county’s most recent sale (March 13) produced one property (328 East Sixth Street). The manager described a separate parcel at 611 East Eighth Street that carries a demolition lien and two bank liens; staff have attempted contact with an owner and discussed pursuing the land bank’s lien or the tax-foreclosure process if necessary.
Other potential parcels: The manager mentioned a property adjacent to Third and Boyd and a parcel at 301 Boyd Avenue as possible future acquisitions, and said one out-of-town owner might be willing to negotiate after being contacted about code-enforcement issues.
Why it matters: The update outlines the land bank’s limited inventory and practical constraints on building and resale, clarifies the land bank’s tools for acquiring property (tax sale, donations, liens) and identifies parcels that could move into the pipeline with further staff action.
Key details
- 324 East Eleventh Street: Listed price $5,595 (75% of county appraised value); described as long/deep lot not meeting Habitat for Humanity’s build specs.
- Signage and listing: Staff suggested low-cost signage and listing on public platforms; staff currently do not contract with realtors for single lots.
- Tax sales: County’s recent tax sale (March 13) produced one property (328 East Sixth Street); no immediate mass inflow of properties expected.
- 611 East Eighth Street: Land bank has a lien for demolition costs; record shows two bank liens. Staff may pursue foreclosure on the lien if owner is not reachable.
Next steps
- Staff will continue monitoring tax-sale calendars and donations and will call a meeting if a new property becomes available that requires board approval to pursue acquisition.
- Staff to consider signage for available lots and post listings on public platforms; no contract with a realtor is in place for the single current lot.
Attributions and sources
Manager statements summarized from the meeting; the manager identified the listing price and described interactions with potential property owners and county tax-sale records. Glenn De Lodessel identified himself in the meeting as a realtor with Berkshire Hathaway.
