From Times Dispatch article:
A parcel in Oregon Hill, which also is part of the Ferguson bankruptcy, sold separately at a live auction for $600,000 to a developer.
Both transactions took place at the law offices of Hirschler Fleischer in Richmond and are subject to court approval.
Guy Blundon from Somerset near Charlottesville said he plans to build apartments in the building at 407 S. Cherry St. The property is the location for Victory Rug Cleaning Co., an affiliate of Mercer Rug Cleansing.
City assessment:
Current Assessment
Land Value: $97,000
Improvement Value: $173,000
Total Value: $270,000
My favorite comment from a developer at the auction when I told him the zoning doesn’t allow multi-family was “that just takes a special use permit, doesn’t it?”
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