1501 E Indian River Road

Full Description

'>Recording Fees and Taxes will be calculated/added at the end of the auction, based on the final bid amount. City of Norfolk Auction Instructions Norfolk Bidder Application Please contact the Department of Utilities at 757-664-6757 or utengtech@norfolk.gov for more information regarding water and/or sewer service connections. Where an existing service connection is documented, it will need to be field verified and deemed serviceable by the City prior to connection of a new structure. If the existing service connection cannot be located or is deemed unserviceable by the City, then connection to the City system must occur through a new service connection, installed at the cost of the developer. This property is sold with the below purchase requirements that shall become restrictive covenants encumbering the property: 1. Buyer agrees to construct a single-family home. 2. Buyer, in any instance in which Buyer purchases two or more contiguous lots, agrees to combine by subdivision all parcels sold to create one parcel at Buyer’s own cost and expense. Buyer shall complete the City’s procedures for subdivision review and approval before commencing any construction on the Property. 3. Buyer agrees to meet with the applicable neighborhood Civic League at a time and place convenient to both Buyer and the Civic League governing body. Contractors and developers will be required to present a building plan to the Civic League. 4. Buyer agrees that construction of a residential home on the Property will start within 9 months after the date of transfer on the deed from the City to Grantee and must be completed within 12 months after that date. The date of completion of construction shall be the date that a Certificate of Occupancy has been issued for the home. 5. Buyer agrees that any and all new single-family home construction will be homeowner occupied for a period of 7 years from receipt of a Certificate of Occupancy. No leasing of the newly constructed single-family home shall be allowed during this period. Continued Covenant Purchase Requirements in the Attachments section below. '>*Located merely 2 miles from Downtown Norfolk in the Olde Huntersville neighborhood. The City of Norfolk offers approximately 3,465 sqft residential Single-Family Traditional zoned parcel. It is also close to mass transit, military bases (Norfolk Naval Station, Portsmouth Naval Hospital, and Norfolk Naval Shipyard), Old Dominion University, Norfolk State University, Virginia Zoo, Barraud Park, Lafayette River, and the Elizabeth River. *Due diligence upon the buyer. *Buildable Status Letter (ORR) is found under “Attachments” *Please note buyer may need to remove any trees or shrubs. To view the parcel, please visit Norfolk Air Frequently Asked Questions