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May 16, 2018

Tax-delinquent property sale to yield $1 million

File Photo/Lawrence Emerson
The properties include 212 acres near Bealeton, along with smaller parcels and several houses.
The high bidders aren’t owners until the court approves the sales. It is important for everyone, especially the public, to appreciate that the authority to approve the offers lies solely with the court.
— Senior Assistant County Attorney M.C. Anderson
By .(JavaScript must be enabled to view this email address)
Staff Journalist
Fauquier County government’s auction last week of 11 tax-delinquent properties could generate $1 million.

County officials Friday morning accepted the highest bids for six of those properties during an auction on the courthouse steps at 40 Culpeper St. in Warrenton.

The high bids for that real estate totaled $766,000.

Before the auction, Fauquier officials also accepted private offers on five properties totaling $289,000.

Prospective buyers had a chance to make pre-auction offers for properties to the county attorney’s office until 10 a.m. May 9. Offers deemed acceptable before the May 11 sale resulted in removal those properties from the auction block. 

A Fauquier County Circuit Court judge will conduct a Tuesday, June 5, hearing on the bids and decide whether to approve them, Senior Assistant County Attorney M.C. Anderson explained in an email.

“The high bidders aren’t owners until the court approves the sales,” Ms. Anderson said. “It is important for everyone, especially the public, to appreciate that the authority to approve the offers lies solely with the court and that it is not a sale until the court confirms it.”

The May 11 auction lasted almost 30 minutes.

Alexandria-based Browns Run LLC made the highest bid of $500,000 for the auction’s most valuable property — 212.5 acres, including a home in poor condition, along Ritchie Road near Bealeton. The property had been appraised at $600,000.

Hume-based F & S Investments LLC made the highest offers for three properties — more than any other auction participants. F & S Investments’ bids for 13-1/2 acres totaled $94,000.

Revenue from the sale of about 271 acres and four homes in poor condition will be used to pay auction costs — legal fees, advertising and postage — and then overdue taxes.

After that, any remaining money would go to creditors and, lastly, delinquent taxpayers.

The county accepted bids for:

• A vacant 2.1-acre lot at the Golden Hill Estates subdivision near Sumerduck in Southern Fauquier. Appraised value: $30,000. Micah Meadows made the highest auction bid of $15,000.

• A vacant 9.5-acre lot at Fiery Run and Hardscrabble roads near Linden in Northern Fauquier. Appraised value: $74,000. Before the auction, F & S Investments LLC made a private offer of $74,000.

• A 8.9-acre lot, including an unfinished pole barn, along Cromwell Road near Catlett in Southern Fauquier. Appraised value: $100,000. Before the auction, Forest Morgan made the highest private offer of $135,000.
 
• A vacant 2.5-acre lot along Fiery Run Road near Linden in Northern Fauquier. If it cannot be developed as a home lot, the parcel’s appraisal would be $15,000. Sold as a buildable lot, the property’s appraisal will be $29,000. F & S Investments made the highest auction bid of $18,000.
 
• Two homes on 7.9 acres along Rogues Road near Midland in Southern Fauquier. Appraised value: $80,000. Charles Yancey made the highest auction bid at $67,000.
 
• An unbuildable, 5,000-square-foot lot along North Church Street at Remington in Southern Fauquier. Appraised value: $3,000. Before the auction, Thomas Cheatham Properties LLC made a private offer of $3,000.
 
• A vacant 5.5-acre lot along Longstalk Lane at Midland. Appraised value: $20,000. John Underwood made the highest auction bid of $15,000.
 
• A home on 9.3 acres along Sillamon Road near Goldvein in Southern Fauquier. $165,000. Surrey House LLC made the highest auction bid of $151,000.
 
• A half-acre lot along Dumfries Road near Catlett. Appraised value: $2,000. Before the auction, F & S Investments made a private offer of $2,000.
 
• A home on 212.5 acres along Ritchie Road at Bealeton in Southern Fauquier. Appraised value: $600,000. Browns Run LLC made the highest auction bid of $500,000.
 
• 12 landlocked acres off Leeds Manor Road at Markham in Northern Fauquier. Appraised value: $75,000. Before the auction, Lincoln Consulting Group LLC made private offer of $75,000.
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