
This is a salvage residential property, Lot 20 in Portsmouth VA's Peachtree subdivision, with improvements on site and unclear structural or environmental damage. Investors and contractors targeting distressed properties for renovation resale or rental conversion typically pursue these listings, accepting higher risk for discount pricing. Verify exact damage extent and repair costs before bidding since the listing provides no specifics on what makes it salvage condition, and confirm title status and any liens through the city records.
AI summary of the seller's listing; it may occasionally contain inaccuracies. Check the full description and inspect before bidding.
Portsmouth, VA 23703
Open in Google MapsPortsmouth - Real Estate, VA
Condition: Salvage/Damaged
Prospective bidders will not be permitted to inspect the properties prior to the Auction; however, bidders are welcome to contact our office with questions about the properties.
The successful high bidder must pay the remaining balance of the high bid, the administrative fee of 5.25%, and the recording costs within ten days of the completion of the auction. Title to the property will be conveyed be special warranty deed following the confirmation of the judicial sale by the Court. Real Estate Taxes are prorated as of the sale date.
Based on 21 comparable in-state sold lots.
Median sold
$13,500
Current bid is above the median. Pro shows your estimated resale margin.
Unlock with ProEstimates from comparable past auctions. Excludes transport, buyer fees, and resale markup. Not investment advice.

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