City of Lubbock Sells Seven Houses for 98th Street Reconstruction Project
The Lubbock City Council unanimously approved the sale of seven houses that had to be uprooted due to the 98th Street reconstruction project Thursday morning.
Four homes, located at 9801 Belmont Avenue, 9802 Belmont Avenue, 9801 Homestead Avenue, and 9801 Grover Avenue were sold for $2,500 dollars each to high bidder McDowell House and Structural Movers.
The Lubbock Central Appraisal District website shows that the houses were valued without considering land value between $99,000 and $120,000.
The homes on 9802 Clinton Avenue, 9802 Chicago Avenue, and 9802 Homestead Avenue were sold for $7,890 total to Four Way House Movers. Their appraised value without considering land value ranged from $131,000 to nearly $154,500. The city will receive $17,890 total from the sale of these seven houses.
So far, 21 of the 23 homes purchased by the City for the project have been sold, and bids will be taken on the two remaining houses in the future.
Had these houses not been sold, the estimated cost to the city was $10,000 each for demolition. The buyers will move the houses and remove all improvements to the lots to allow work to continue on the sewer line trench remediation project.