Town Forecloses On Homes



MOUNT DESERT — The fate of a $500,000 summer cottage and a mobile home in Otter Creek recently acquired by the town for non-payment of property taxes was discussed by the board of selectmen here Monday evening.

 

Town finance director John Graves explained the two properties had been taken by the town when it foreclosed on liens for unpaid property taxes dating back to 2007.

According to Mr. Graves, the town foreclosed on a house and guest cottage owned by Josef Stone at 5 Harborside Road in Northeast Harbor. The .17-acre parcel is valued by the town at $550,000. The back taxes and interest on the property amounts to approximately $11,000, Mr. Graves said.

The second parcel is an older-model 12×60-foot mobile home owned by David Shultz on a leased lot in Otter Creek. It is valued at approximately $12,500. The outstanding taxes on it amount to $468.

For more political news, pick up a copy of the Mount Desert Islander.

 

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