I was at the property tax sale to see if any deals could be had, especially on Main St, where a dozen former PMV Canada properties were for sale- all vacant lots.
Back in 2017, PMV bought a ton of stuff north and south... and by 2020 was done with the city, having sat on six or seven homes until they collapsed, which was probably the largest single loss of housing stock in years in the North End. I picked up a duplex, 4plex, and lot on Orange in 2018, and it seems they stopped paying property tax on a number of lots after that. Clustered around Main and Albert, the lots were their last holdings here.
Anyway... two bidders got into it! One is a local real estate agent, I forget her name. Chinese woman, middle aged, short hair. The others, two guys, were unknown to me... but after the sale they were huddling with Don Darling.
The real estate agent ended up spending $233,000 on 4 seemingly random lots. None seem like they could accommodate more than a triplex, so there must be something afoot.
119 Main ($51K)
126 Main ($94,000!!!) which borders the old Forum site to the east
135 Main ($52K)
13-15 Albert ($36K)
The other bidders spent $182K on 6 lots. 21-31 Metcalf is on the north side of the street; the other lots are interspersed with the RE agent's lots.
105 Main ($12K)
115-117 Main ($13K)
123-125 Main ($16K)
129-131 Main ($16K)
80-88 Metcalf ($53K)
21-31 Metcalf ($72K)
A third bidder bought 120 Main for $36K. Back in January, someone bought 111 Main, the only lot on this corner not up at auction, for $14K.
The two guys actively bid on all of these, and the agent left partway through after serious bids on half the properties, so IDK what's going on. See a visual reference here
https://imgur.com/a/yoyRZTE
Per PAOL, there have been a lot of sales on the east side of Cedar St in the last six months, too... does anyone have an ear to the ground?
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