610 Water Avenue: city installs sewer stub, declines $54,000 offer; parcel remains listed at $65,000

City staff told the council that a sewer stub and meter pit were installed the week of Sept. 8 at 610 Water Avenue at a final cost to the city of $15,898.75 to make the small parcel marketable.

Director Alexander said the parcel had been appraised in Nov. 2024 with an "as-is" range between roughly $53,000 and $70,000 and that the city originally listed the lot on MLS at $65,000. After the sewer work, the city received an unsolicited offer of $54,000 on Sept. 12; staff recommended declining because the offer would barely cover the installation cost and because auction and appraisal history indicate higher potential value. The parcel remains listed at $65,000 and staff will continue to accept offers and update the council on any serious inquiries.