Mahoning Land Bank to Sell First Reclaimed House
YOUNGSTOWN, Ohio -- The Mahoning County Land Bank has placed the first vacant house it’s rehabilitated on the market, says Debora Flora, executive director. The house, 1815 Canfield Road, is listed at $34,900.
The two-bedroom, 1.5-bath house has a two-car garage and large fenced-in backyard. Among its features are a new roof, new plumbing, a repainted first floor and basement, exterior paint, a refurbished bathroom, central air conditioning and new garage doors.
An open house will be held from 4 to 6 p.m. next Thursday.
"This house is perfect for a single person, a small family or perhaps an older couple looking to downsize onto a single floor," Flora says.
Wells Fargo Financial foreclosed on the structure last year after the owner died. Earlier this year, Wells Fargo donated the vacant property plus funds for maintenance or demolition to the land bank, Flora says.
To date, the primary focus of the land bank has been acquiring and selling vacant, abandoned parcels to new, responsible owners. Since its inception 19 months ago, the land bank has received 550 applications for 1,331 parcels and transferred 47, with 519 more acquisitions/sales pending, the executive director reports.
"When we can save an abandoned home from demolition and get that parcel occupied and back on the market, the neighbors, the city or township and property owners across the county each benefit," said Daniel R. Yemma, Mahoning County treasurer and chairman of the land bank board of directors.
Published by The Business Journal, Youngstown, Ohio.
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