Warren County flips property, house
FRONT ROYAL – The county recently tried its hand in real estate, making a small profit off land and a house it owns near the Front Royal-Warren County Airport.
After a Wednesday public hearing, the Board of Supervisors unanimously approved the $269,000 sale of 2.5 acres and a house at 117 Lorric Drive to Daniel and Jessica Greene.
County Administrator Doug Stanley explained that the county in 2013 began acquiring several properties adjacent to the airport to comply with new regulations aiming at ensuring safe and efficient use of navigable airspace.
The land in question, one of eight properties the county bought, was purchased for $310,000, of which the Federal Aviation Administration reimbursed $101,320. After a series of renovations, the county had to sell the land for about $229,000 to avoid money.
Stanley said that because the county knows the property may be difficult to sell due to its location next to the airport, the property was listed at $259,000, slightly below its appraised value.
The first offer the county received since putting the land on the market in September was from the Greenes. An Arizona resident submitted an offer of $305,000 — with conditions that the house would appraise at that amount — the night before the Wednesday public hearing scheduled to consider the Greenes’ offer.
Stanley explained that the public hearing was for the Greene’s offer, and if the offer from the Arizona man were considered, the county may return to “ground zero” if it does not work out. He added that the county purchased the property with a goal just not to lose money but “in fact, we’re actually making a little.”
Supervisors Chairman Tony Carter added the intention was never to make money, but to merely comply with the new federal regulations.
The supervisors also:
- Passed a resolution honoring William Biggs, who recently stepped down as the Front Royal-Warren County Economic Development Authority’s treasurer after about 30 years on the job.
- Approved Little Chapel Baptist Church’s request to place a wooden cross and nativity scene on the Warren County Courthouse lawn from Dec. 15 to Jan. 2, 2019.
- Approved Washington Area Secular Humanists’ request to place two panels on the Warren County Courthouse lawn from Dec. 15 to Jan. 2, 2019.
- Approved a name change for the grocery store located at 2508 Shenandoah Shores Road from Shore Stop to Family Shores Store, LLC.
- Approved a request by the Veterans of Foreign Wars Post 53 to host its annual Veterans Day Ceremony on Sunday on the lawn of the Warren County Courthouse.