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37
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10
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Simone Owens
  • Real Estate Consultant
  • Bristol, CT
10
Votes |
37
Posts

Bethel, CT tax deed auction

Simone Owens
  • Real Estate Consultant
  • Bristol, CT
Posted

Bethel tax deed auction is Aug 5. Four parcels: 10 South Street, 74 Benedict Road, 12 Highland Ave, 12 Maple Ave.

Four, not five. One came off the list last week, paid or bankruptcy. Worth flagging because these lists move constantly. If you're working off anything you pulled more than a few days ago, verify against the live registry before you commit time to a parcel that may already be out.

I looked at 10 South without pulling anything paid. Old colonial, pre-1850. The part that caught me: it's listed for retail sale right now, while it's sitting on the auction block. An owner scrambling to sell ahead of a tax sale is an owner who'll fight to redeem if you win the bid. It also sits on a stretch of South Street inside the historic district, which can put exterior work under review and complicate a flip exit.

That's an eyeball read, not a full workup. But it's the kind of thing that doesn't show up on a list of addresses and a tax figure.

15 years in mortgage underwriting shapes how I read these. Anyone else here working the CT auctions? Curious how you're handling the redemption-period risk on the redeemable deeds.