18 October 2010 ~ Comments Off on Road Home Property Auction made $207,000 for parish

Road Home Property Auction made $207,000 for parish

Categories:auction results

Road Home Property Auction made $207,000 for parish
by Chris Rosa

The Road Home Property auction in Abbeville on Saturday generated $207,000 in sales of 32 properties.

Nearly 250 people including 126 registered bidders gathered at A.A. Comeaux Park Recreation Center to watch and take part in the property auction.

The Louisiana Land Trust was intrusted to sell the lots acquired through the Road Home Program that was created in the aftermath of Hurricane Rita.

The money generated from property sales will go to the Police Jury to be used for Community Development Block Grant projects.

The Louisiana Land Trust hired Gilmore Auction and Realty Company to help with the auction.

“Everything sold,” said David Gilmore, owner of Gilmore Auction and Realty Co.. “We had good bidders.”

The land, as large as 10 acres to lots as small as 65 by 143 sold. Homes can be built on the properties but they must be built according to flood codes.

Gilmore said there was not one piece of property that was a hot item.

Vermilion Parish had the most properties at the auction with 32.

Iberia Parish had six properties that sold for a total of $41,000.

St. Landry had four properties that went for $9,000.

St. Martin had three properties that sold for $21,000.

Acadia Parish had two properties that sold for $6,000.

The total amount generated in sales that day was $296,500.

“Louisiana Land Trust is pleased to be a partner in moving these Road Home properties back into commerce in these parishes that were damaged,” said Mike Taylor, executive director of Louisiana Land Trust.

http://www.abbevillenow.com/view/full_story/9625539/article-Road-Home-Property-Auction-made–207-000-for-parish?instance=secondary_news_left_column

3316 Florida Ave. Suite 201 • Kenner, Louisiana 70065 USA
Phone (504) 468-6800 •Fax (504) 468-6811

Broker: David E. Gilmore
Licensed By The Louisiana Real Estate Commission
Licensed in Louisiana, Mississippi, Arkansas and Oklahoma
A Division of Gilmore-Braud Companies

Auctioneer: David E. Gilmore
Licensed in: Alabama #1832 • Arkansas #1979 • Louisiana #0447
Mississippi #378/641F • Texas #11136


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