Adams Auctions Off Five Properties
 Ten parcels were put up for auction on Monday night but only five found bidders. |
ADAMS, Mass. — Five properties were sold out of 10 available parcels at the town-ordered public auction on Monday evening.
Although only half of the parcels were sold, Treasurer/Collector Kelly Rice said people will have the opportunity to bid on them again.
"It went quite well," Rice said. "Some of them didn't go but we will hold them off because we will have some more to do in the spring."
The properties were taken by the town for back taxes. They were sold "as is" but clear and free of any liens, including back taxes.
Sullivan & Sullivan Auctioneers ran the sale.
The town had set a low deposit of $5,000 for properties and $2,500 for land only parcels in hopes all the lots would go. The buyer's premium was 7 percent.
Out of the five single-family homes that went out to bid, three were auctioned off. The properties were between 468 square feet and 1,440 square feet.
A small home at 26 Grove Ave. was the first property to go. Chris and Tammy Crews purchased it for $30,000, less than a third of its assessed value.
Chris Crews said he jumped on the property quick because it is eight feet away from their house.
"There was an old lady that lived there, and we took care of her for a lot of years," Crews said. "We share the driveway."
Although initially no one bid for the 1 Horn Place five-room house, Bruce Mendel and daughter Lisa picked it up for $30,000, less than half its assessed value, when the auctioneer returned to unsold parcels.
"We have been looking at it," Lisa said. "We had both driven by all of the properties, and this one was the best. The price was right, but it needs some work."
A house at 73 Valley St., assessed at $135,000, was also sold for $30,000 while 18 Victory St. and 7 Grove St. received no bids above the $5,000 deposit.
The one multifamily home at 23-25 Albert St. also received no bids above the $5,000 deposit and the 62 Summer St. commercial property received no bids at all.
Out of the three land parcels, two were sold.
The property at 21-25 Melrose St. went for $3,500 and two vacant lots on Summit Street for $8,000; 20-22 Melrose St. received no bids.
Withdrawn from the auction were 8 Valley St., 9 Kearns Lane and 10 Plunkett Lane.
Tags: auction, tax auction,
