NEW MILFORD — Town Council has lowered the sale price of a vacant town-owned lot in hopes of selling it and getting it back on the tax rolls .
Town officials first listed the property at 82 Perry Drive at $50,000 in May 2016, but council unanimously approved reducing the price to $40,000 at Monday’s meeting. The assessor values the property, which the town acquired in 2001, at $90,900.
The reduction comes at the suggestion of the listing agent, who reports some interest from potential buyers but has yet to receive an offer, Town Planner Kathy Castagnetta said.
“Lots in this town just aren’t moving,” she told council.
The 1.64-acre lot is one of three lots for sale in the neighborhood. The other two properties are listed for $40,000 and $51,900. The most recent sale in the area was for $39,000 at 62 Perry Drive last January.
Though the town-owned property is bigger than the other two lots, it is crossed by the Iroquois Pipeline in the back and also has a steep drop-off, making the usable area about the same as the other lots.
“It’s not a perfect lot, so (the listing agent) thought this will help sell it and get it off the books,” Castagnetta said.
Councilman Walter Bayer asked whether the presence of the pipeline has caused trepidation for possible buyers and discouraged them from making an offer.
“I’d be nervous,” he said.
Castagnetta acknowledged that the pipeline is a factor.
Some council members asked whether the property could be auctioned off instead.
Castagnetta said the town typically auctions properties in cases where taxes haven’t been paid, but it doesn’t assume ownership of those properties for liability reasons.
She said most properties the town owns are ditches or drainage areas, and only a handful of town-owned properties are up for sale.
“This was the best buildable property,” she said.