This property is 2.5 acres in Mojave, California in Kern County. A dirt road runs from Mojave Boulevard to the property. This property has lots of privacy and a zoning that allows for numerous uses: "Combination of estate-type residential development, agricultural uses, and other compatible uses".
This property is located just southeast of the Mojave Air & Space Port, an airport and flight test center. The center was also a filming location for movies like Die Hard 2, Speed, & S.W.A.T. The property is southwest of Hyundai-KIA Motors California Proving Grounds.
THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $8,900. The interest rate is 9% and the duration of the note is 8 years. On a $1 down payment, the monthly payment would be approximately $141/month, including principal, interest, property taxes, and servicing fee. There is no prepayment penalty to pay the note off faster.
If you sign up for autopay through a credit card or ACH from a checking account, the interest rate will be lowered to 7% and the payment will be dropped to about $132.
The down payment (which will be equal to the winning bid) and a deed preparation and recording fee of $199 will be due within 3 business days of the auction's close and may be paid by PayPal, cashier's check, or wire transfer. The note would then be set up and serviced by a loan servicing company (it must be signed within 14 calendar days of the auction's close). This is a land contract sale, where the deed is held in escrow and will not be recorded until the note is paid in full. All monies paid are non-refundable.
PROPERTY WILL BE CONVEYED CLEAR OF ANY LIENS OR BACK TAXES!
PLEASE MAKE SURE YOU'RE READY TO FUND THE DOWN PAYMENT BEFORE YOU BID!
The following info was provided by Kern County and should be verified prior to purchase.
| Address: | Dirt Road off Mojave Boulevard, Mojave, CA 93501 |
| County: | Kern County |
| ATN: | 244-413-53-00-2 |
| Legal Description: | THE NORTH ONE HALF OF THE NORTH ONE HALF OF THE NORTH ONE HALF OF THE WEST ONE HALF OF THE SOUTHWEST ONE QUARTER OF THE SOUTHWEST ONE QUARTER OF SECTION 5 TOWNSHIP 10 NORTH RANGE 11 WEST SAN BERNARDINO BASE AND MERIDIAN IN THE COUNTY OF KERN STATE OF CALIFORNIA ACCORDING TO THE OFFICIAL PLAT THEREOF. |
| Lot Size: | 2.5 Acres |
| Zoning: | Residential & Agricultural uses |
| Property Taxes: | $7.47 |
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Auction Disclaimer
All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction.
Thanks for looking and good luck with your investments!
