City Receives No Bids by Deadline on Thirteen Parcel Section of Surplus Real Estate in Cherry Hill E
- Robert Lathers
- Sep 23, 2020
- 1 min read
The Portland City Council has not received any bids on thirteen parcels of land located in Cherry Hill Estates on the west side of Portland. City Manager, Tutt Gorman, reported to the Council on Monday night that there were interested parties, but no bids had been received by the published deadline.
The city originally obtained the property in January 2012 from Ionia County, after tax foreclosure, by way of a quitclaim deed recorded at the Ionia County Register of Deeds.
The properties are of no functional use to the city and would be better utilized by a developer and placed back on the city tax rolls. Development is restricted to condominiums and must comply with established Cherry Hill Estate guidelines.
Gorman told the Beacon this afternoon that the City “will regroup and consider all options” regarding the property moving forward.
The lack of bids on surplus real estate in Cherry Hill East highlights the challenges cities face in marketing such properties. Exploring creative solutions, like targeting cash buyers, could be an effective way to attract interest. For anyone considering quick and efficient transactions, Cash Home Buyer Guide is a helpful resource that simplifies the process. It provides practical advice for navigating real estate markets, making it easier to find opportunities and solutions for properties that might otherwise go overlooked.