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WDAY: The News Leader

Published March 16, 2013, 05:44 PM

Buyout homes are on display in Fargo

Fargo, ND (WDAY TV) -- The city of Fargo expects to spend more than 23-million dollars buying out homes in flood-prone neighborhoods this year.

By: Becky Parker, WDAY

Fargo, ND (WDAY TV) -- The city of Fargo expects to spend more than 23-million dollars buying out homes in flood-prone neighborhoods this year.

Seven of those homes, in Oak Creek and Harwood Drive, are up for auction on Monday.

Several people stopped by these homes this afternoon, some of them could get quite a deal.

The catch...these homes can't stay here. They are buyouts in the flood-prone neighborhoods of Oak Creek and Harwood Drive. Still, there are plenty of reasons to take a look inside.

Jim Lakoduk/Pifer's Realty Agent: "Decorating ideas, some are just curious to see how they laid the look. And some, of course, are thinking about moving them. Then we have the people that interested in perhaps salvaging parts of the house."

Ken: "I moved my home in Ada a number of years ago, so I'm familiar with what it takes."

Ken Thomas is a Moorhead resident. He says he is curious about the possibilities with these Oak Creek homes.

The challenge with moving these homes, is that the city imposed a 27-foot limit to get them down the street without harming trees and other landscaping. That means they would have to be cut into pieces before they're moved.

Ken: "You have to add the numbers up though, too. It doesn't take too long, you can start seeing 250-thousand dollars disappear by the time it's moved, lot, landscape, a foundation."

The homes were valued between 300 and 500-thousand dollars… but could go for pennies on the dollar at auction.

The auction is at Fargo City Hall this Monday at one o'clock.

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