Busy Week In LaBelle Real Estate -21 Homes Sold -1 Bankruptcy

More Hendry Homes Selling - Large Landowner Goes Bankrupt

LABELLE, FL. -- While real estate is not fully back to pre-2007 days, this week's latest homes sales shows some improvements with 21 homes closed in the LaBelle area of Hendry county, while a large landowner files for bankrupcy.

In distressed real estate, about 640 acres of land and excavated lakes on Church Road in southern Hendry county, almost went to sale for back taxes Thursday. Lake Trafford Independent Baptist Church, Inc., a non-profit located at 1207 Carson Road in Immokalee owes $507,000 in back taxes to Hendry County on it's vacant acreage on the Hendry/Collier county line.

But just before a tax sale was to be held Thursday morning at the Hendry courthouse, Delta Aggregate LLC bought the property, then filed bankruptcy, staying the sale until the Federal Bankruptcy Court gives permission for a sale. Delta had a lien against Lake Trafford Independent Baptist.

The president of the church organization is James Frederick Jr. who also is president of another non-profit, Steps To The Future Children's Home, Inc. located at the same Immokalee address.

Carl Gee, with a Georgia address is listed as a director of the Children's Home. A same name Gee, with a LaBelle address is the owner of Earth Vision Landscaping LLC, of Dellwood Terrace in Port LaBelle. Earth Vision was dissolved in September 2007.

From 12/6/2011 to 12/13/2011, there were 21 homes sold in the LaBelle area for an average price of $76,381. The homes (lowest priced are mobile homes) included:

1)	$145,000	on	6th Ave
2)	$45,000	on	Amanda St
3)	$20,000	on	Avalon Ave
4)	$30,000	on	Avalon Ave
5)	$33,000	on	Case Rd
6)	$72,000	on	County Road 78
7)	$15,000	on	Fort Center Ave
8)	$265,000	on	Fort Denaud Rd
9)	$33,000	on	Francis Ct
10)	$49,000	on	Kell Mill Blvd
11)	$210,000	on	Live Oak Ln
12)	$10,000	on	Marion Ave
13)	$95,000	on	Niles St
14)	$7,000	on	Noble Pine Dr
15)	$52,000	on	Palm Ave
16)	$335,000	on	Riverbend Dr
17)	$23,000	on	Seminole Ave
18)	$10,000	on	State Road 29 S
19)	$52,000	on	S Hickory St
20)	$73,000	on	SW Tradewinds Cir
21)	$30,000	on	W Palomar Cir