Real Estate > Other > All > # 631993

Lake County, CA: APN: 004-029-330-000

Due Diligence

Seller Name:	Lake County
Rating:	Not Applicable
Location:	5880 LAKESHORE BLVD Lakeport, CA,CA

Asset was sold for $722,000

Number of Bids:	31
This is the final amount the asset was sold for. Winning Bid:	$722,000
Winner:	s***g
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$675,000
Your Bid Status:	Log in to view status
It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Sold
Auction Started:	04-25-14 11:00 AM ET
Auction Closed:	04-28-14 04:49 PM ET
Bid Increment:	$1,000
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Government
Deposit Required:	$25,035 — See Instructions
Page Views:	403107

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Asset Information

Item Specifics - Parcel Information

Parcel Information
APN	004-029-330-000
Legal Description	Click Here
Address	5880 LAKESHORE BLVD Lakeport, CA,CA
Acreage	104
Parcel Image	View Parcel Image
Parcel Map	View Parcel Map
GIS	View GIS
Add'l Information	The 2013/14 secured taxes are not included in the Minimum Bid. Click Here to view tax bill Formerly portion of 004-029-270-000 Approximately 1200 feet of prime lake frontage plus a large lagoon.

Assessed Values
Exemptions	$0.00
Fixtures	$0.00
Improvements	$0.00
Land Value	$2,606,927.00
Total Assessed Values	$2,606,927.00

All Seller-Related Due Diligence

The due diligence items below apply to all related auctions from this seller.

California Law Regarding Bidder Non-Payment

California Revenue & Taxation Code 3712

Terms of Sale

County Terms of Sale

Easement

Bidding Requirements

To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller. Non-winning bidder deposit refunds are mailed within ten (10) business days after the close of the auction. This deposit cannot be applied to other auctions. To find out more about the BidDeposit requirement, click here.

Settlement Requirements

Full payment must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT), May 6, 2014 (within seven business days of the close of the auction). If the payment policy is not adhered to, the winning bidder will forfeit their deposit and may be banned from future sales.

A $35 per-parcel-won administrative fee will be added to the final Sale Price. Also a California documentary transfer tax will be added to, and collected with, the full purchase price. This tax is calculated at the rate of $.55 for each $500.00 or fractional part thereof.

OR

Execute a Deferred Payment Agreement with the Lake County Tax Collector.

Balance due of the Winning Bid minus the bid deposit of $25,000, plus the documentary transfer tax paid to the Lake County Tax Collector by 5:00 p.m. (PST) on Friday, June 27, 2014.

A Tax Deed to the successful bidder to transfer title will not be recorded until the total bid price plus the Documentary Transfer Tax is received.

Certified funds only. No personal checks or credit card payments will be accepted.

The purchase must be paid in full on or before the deadline to complete a deferred-payment agreement purchase. If the purchaser fails to pay the full amount by the deadline, the deposit and all rights to the property are forfeited.

Payment Type

Certified/Cashier's Check
Wire Transfer