St. Louis County Tax Forfeited Land Auction Nets $764,000

You could say that it was virtually a good week for St. Louis County taxpayers.  The Tax Forfeited Land Auction that ended on February 11 resulted in $764,000 in total sales.  That dollar amount adds directly to the bottom line of the county's budget - resulting in financial benefits for taxpayers.

In total, 29 properties were sold during this most-recent auction.  Twenty of those properties had competing bids that resulted in sales that closed above the original listing price.  Some examples provided by St. Louis County include a 17-acre parcel located near Birch Lake in Unorganized Township 6112 - which sold for $151,000 representing a selling price more than five times the original listing price; a house in Ely sold for $47,150 - representing nearly $20,000 more than its original list price.

The county was also able to help with blighted properties.  Two parcels of land were sold that had been the victim of blight - which were cleaned up and sold.  Additionally, the virtual auction saw six lakeshore lots gone to the highest bidders.

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Just because the auction portion of this particular land sale has ended, that doesn't mean that there aren't good deals to be had.  Properties that weren't purchased during the auction period are still available for sale on a first come - first served basis.  Interested parties need to contact the St. Louis County Land and Minerals Department to get more details - or, click here.

Parcels not sold in this fashion will be included in the next virtual Tax Forfeited Land Auction held by St. Louis County - which is scheduled for June and October. Similar to this most-recent auction - as well as all of the land auctions held in 2020, these will also be held virtually in response to the COVID-19 Pandemic.

There are nearly 900,000 acres of tax forfeited land located throughout St. Louis County; the county's Land and Minerals Department is responsible for managing.  Most of the land is maintained for resource management, however the county works to sell parcels that are not planned for management as a way to encourage development and increase the property tax base.