NEWS RELEASE
FOR IMMEDIATE RELEASE:
February 16, 2021
MEDIA CONTACT:
Julie Marinucci, Deputy Director
218-742-9898
Online Tax Forfeited Land Auction results in $764,000 in sales
St. Louis County's latest Tax Forfeited Land Auction, which was held completely online due COVID precautions, has ended with 29 properties sold for a total of $764,250. The online auction closed February 11.
Among the 29 properties purchased, 20 had competing bids resulting in sales above the original listing price. A 17-acre parcel near Birch Lake in Unorganized Township 6112 sold for $151,100, more than five times it's original listing price; and a house in Ely sold for $47,150, nearly $20,000 more than its original listing. Additionally two formerly blighted properties that had been cleaned up sold, as well as six lakeshore lots.
Properties that were not purchased at the auction are available for sale on a first come, first served basis through the St. Louis County Land and Minerals Department until sold or put back on the online auction. There are approximatlely 125 properties currently available for sale. The list of those properties, along with results from this latest auction, can be found online at stlouiscountymn.gov/landsales.
St. Louis County has two more tax forfeited property auctions scheduled in June and October. Additional auctions of properties that remain unsold from previous sales also occur throughout the year.
Within St. Louis County there are nearly 900,000 acres of tax forfeited land, which the County's Land and Minerals Department is responsible for managing. Most of the land is maintained for resource management, however, the County is working to sell parcels that are not planned for management as a way to encourage development and increase the property tax base.
For more information about tax forfeited land sales, or to subscribe to receive email notifications about updates and future sales, visit stlouiscountymn.gov/landsales or call the Land and Minerals Department at (218) 726-2606.
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