Petersburg Pilot -

 
 

City sells two parcels of land at auction

 


Two single-family residential lots measuring 100 ft. by 50 ft. were auctioned at Tuesday night’s city council meeting. Two adjacent property owners each bid the minimum price on the parcels.

Lot 14 of Block 234 was sold to Jim Martinsen for $6,000. Lot 15 in the same block was sold to Michael Etcher for $7,000. Both lots border the Valkyrie Street right of way with Lot 15 having access via the unimproved Middleton Street right of way.

Each party paid a deposit towards the purchase price prior to the auction and will have until April 23 to tender the balance of the purchase price to the city.

Should the two parties not complete the transaction, the city will make the land available for purchase over the counter to other individuals.

 

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