Wednesday, July 6, 2022

Sale Of Surplus Lands Owned By City Of Newport News Nets Close To $400,000

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NEWPORT NEWS – Ten parcels of land that the City of Newport News owned in King William County recently were sold for almost $400,000.

The land, approximately 240 acres in total, was part of 792 acres and 37 parcels purchased with the intent of Newport News Waterworks developing a reservoir in King William County. However, that project fell through, and the land was designated as surplus.

Seven of the ten parcels totaling 27.73 acres were sold at the appraised value of $100,811. Two of those seven parcels have a small amount of road frontage on Powhatan Trail, and the others are a combination of landlocked and bottomland property.

The largest of the ten parcels sold was 184.35 acres. It, too, went for its appraised value ($231,000). It has an access easement to Powhatan Trail, and has steep terrain and valuable timber.

Another parcel, this one with frontage on Rose Garden Road but divided by Cohoke Creek, is 24.8 acres. It was appraised at $56,370, and sold for that amount. Ten of the 24.8 acres are stream bottom and wetlands. The final parcel, 3.87 acres, is landlocked and is made up mostly of stream bottoms and side slopes. It was valued at $4,696, but sold for $6,700.

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