|The City obtained the property via eminent domain in 2011 with a deposit of $10,000 to Circuit Court. The property was sold through the Community Development Department's Homemaker Program on May 4, 2012, for $17,500. In addition to the cost of the property, the new owner has invested in excess of $90,000 in rehabilitation dollars.
It is now is a beautiful 1,620-square-foot, 3-bedroom, 2 1/2 bath, 2 car attached garage home with gorgeous hardwood floors, granite countertops, new roof and HVAC along with upgraded plumbing and electrical with nearly 1/3 acre of land. It is listed for sale at $168,000. This is just one illustration of how the Homemaker Program helps private buyers turn problem properties into neighborhood assets.
For a schedule of other Community Development Week events, see http://www.cityofknoxville.org/development/week2013.pdf.