County set to sell $1 house
The house County Executive Kenneth Rogers purchased for the amazing price of $1 will officially go on sale Oct. 6, and bidding will close one month later at 10 a.m. on Nov. 6.
“We encourage everyone who has submitted a bid to be there when the bids are opened,” Rogers said, indicating the bids will be opened promptly at 10:05 a.m. on Nov. 6.
Interested buyers will be required to submit their sealed bids in person at the county executive’s office in the county administration building. Bidders need to include their name, address and phone number on the outside of the envelope, as well as notification the document is a bid on the house located at 544 Crain Rd. No mail-in bids will be accepted in order to prevent the accidental opening of a sealed bid.
The minimum bid has been set at $55,000 and only Warren County residents will be eligible to submit bids.
“In case of a tie, where two or more make the same bid, we will re-open the bids just for those people,” Rogers said.
Since the HUD program which allowed Rogers to purchase the house requires the home to be sold to a low- to moderate-income family, some income guidelines must be followed. For more information on the income requirements, contact the county executive’s office at 473-2505. Rogers says no income information will need to be submitted with the bids, but the bid winner will be required to submit proof of income for the previous year in order to establish eligibility.
On the Sunday prior to the bid opening, Oct. 5, there will be an open house so prospective buyers can get a look at the property. The open house will be held from 1 to 4 p.m. Rogers and members of the county commission will be at the open house to answer questions.
The house, which is appraised for tax purposes at $66,000, has 1,400 square feet of living space, central heat and sir, a fireplace, an enclosed one-car garage, a metal outbuilding, and a paved drive.