Context: Video aired on Oct. 3, 2024.
TOPEKA (KSNT) - The Topeka land bank made a total of $500 since launching in June, the city said.
Director of Communications Dan Garrett said a local developer will use the land at 1326 Fillmore to create a new single family affordable housing project.
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Garrett said 1326 Southwest Filmore Street sold for $500. He said the property was added to the land bank through the city's existing inventory of land, so there was no cost to acquire the parcel. The property was appraised in 2024 at $2,550.
The city says the mission of the land bank, which is in a pilot phase, is to efficiently acquire, manage and transform vacant, abandoned, blighted and/or foreclosed properties into productive use benefitting the community.
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The city's Land Bank currently has nine parcels for sale ranging in price from $1,510 to $26,342.
The City of Topeka purchased three properties in the Lauren's Bay Neighborhood for a total of $42,060 in 2024.
You can search properties for sale in Topeka through the land bank by clicking here.
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