The agency purchased the property from the original owner when it went into foreclosure four years ago. The agency intended to sell the house immediately, but as the economy declined, the agency opted to rent the property instead.
Now that the renter has moved out, the agency has made some aesthetic improvements to the property and is ready to sell. The proposed minimum bid is $199,000, but City Manager Bryan Montgomery expects the property to be sold for more.
The 1,569-square-foot, one-story house features three bedrooms, two baths, spacious closets, a kitchen, den and laundry room, a garage with shelving for bench work, and a fully landscaped front yard.
The Nov. 6 open house runs from 1 to 4 p.m.; the Nov. 9 showing runs from 6 to 8 p.m. Qualified and lender-approved buyers should mail their bid to Offer for 538 Malicoat, Oakley City Hall, 3231 Main St., Oakley, CA 94561. Offers may also be hand-delivered to City Hall as long as the bid is presented in a sealed envelope. Bids will be accepted through Nov. 18.
For more information, call Oakley Economic Development Analyst Leeann Lorono at 925-625-7011. A flyer with images of the home is available at www.oakleyinfo.com.