DC Prepares for Another Vacant Property Auction
✉️ Want to forward this article? Click here.
As part of DC's Department of Housing and Community Development's (DHCD) commitment to clear its backlog of vacant properties, the agency is preparing for another online auction.
Next month, DHCD and Alex Cooper Auction House will make ten properties available for the public to bid on, all with the intention of putting the unused sites on the path to be developed into workforce housing. Last year, 33 vacant and blighted houses, small buildings and unimproved lots were auctioned, grossing $123 million for the city.
story continues below
loading...story continues above
Each site has an initial deposit of $5,000 and the bidding will open at $20,000. The bidding opens May 10th. The properties are:
- Unimproved Lot(s):
- Vacant Houses/Buildings:
All of the listings in the Northwest quadrant, and the lots on E Street SE and Forrester Street SW were also included in — and sold during — last year's auction; it is not clear why disposition of those properties was not completed.
Interestingly, each of the vacant houses on Shepherd Street, Channing Street and Adams Street NW have incomplete pop-up additions and prior building permits to convert the properties into two or three units; the Columbia Road property had a previous building permit to repair its three existing units.
Correction: The article previously misidentified the 25th Place NE site as being addressed at 4296; it is at Square 4296, Lot 0041.
See other articles related to: auctions, blighted properties, department of housing and community development, dhcd, vacant buildings, vacant houses, vacant land, vacant to vibrant
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dhcd-prepares-for-another-vacant-property-auction/15297.
Most Popular... This Week • Last 30 Days • Ever
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro