Up for auction is a residential lot in Bodfish, California. The property has a lot going for it: access via Laurel Drive, power lines at the property, extremely low taxes and a zoning that allows for homes and mobile homes. Isabella Lake is to the north. Buyer to research development potential.
THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $19,900. The interest rate is 9% and the duration of the note is 10 years. On a $1 down payment, the monthly payment would be approximately $266/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 reduced to about $245.
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). 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: | Laurel Drive, Bodfish, CA 93205 |
| County: | Kern County |
| ATN: | 348-240-13-00-3 |
| Legal Description: | ALL OF THAT CERTAIN PORTION OF PARCEL MAP 2944, AS SHOWN ON MAP RECORDED SEPTEMBER 3, 1975 IN BOOK 14, PAGE 65 OF PARCEL MAPS IN THE OFFICE OF RECORDER OF KERN COUNTY, LYING SOUTHWESTERLY OF THE SOUTHWESTERLY RIGHT OF WAY LINE OF LAUREL DRIVE (60' WIDE) AS SHOWN ON SAID MAP.
THE ABOVE DESCRIBED PARCEL ALSO SHOWN AS "PORTION OF PARCEL 2" ON SAID PARCEL MAP 2944. THE ABOVE DESCRIBED PARCEL ALSO SHOWN AS "PORTION OF PARCEL 2" ON PARCEL MAP 2721 RECORDED FEBRUARY 11, 1975 IN BOOK 12, PAGE 171 OF PARCEL MAPS IN THE OFFICE OF THE COUNTY RECORDER. |
| Lot Size: | Approximately 0.39 acres |
| Property Taxes: | $36.19 |
Still have questions?
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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!
