Haverhill Nets $780K After ‘Very Successful’ Public Property Auction

244 River St. was among the properties sold at public auction Sept. 18. (Courtesy photograph/The Zekos Group)

Six abandoned, city-owned fixer-upper homes and vacant land parcels were auctioned off during a live public auction Wednesday at City Hall, netting Haverhill $780,000, Mayor James J. Fiorentini’s office tells WHAV. Conducted by Shrewsbury’s Zekos Group Auctioneers, the properties auctioned were previously acquired through the tax-title process in the city’s effort to rehabilitate and improve neighborhoods.

Ninety-four people entered bids at the event, which Fiorentini declared “very successful.”

“When the owner does not pay the taxes and abandons the home, very often the property falls into a state of severe disrepair and becomes both a public safety hazard and a source of blight and crime. Just one abandoned, dilapidated building can bring down the property values of an entire neighborhood.”

The two parcels that generated the highest bids were a two-story multi-purpose building that formerly housed the Liberty Club at 244 River St, which went for $265,000, and a two-family home at 9 Mulberry St., which was auctioned off for $210,000.

A garage at 67 Pecker St. in the city’s central business district near downtown netted $60,000, while 14 Forest St. went for $130,000, the mayor’s office said.

Two vacant pieces of land at 107 High St. and 16 Margerie St. went for $60,000 and $55,000, respectively.

Winning bidders have 30 days to finalize their real estate transactions and the city is able to use proceeds from the auction to bolster the city’s budget in two years.

Comments are closed.