THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $15,000. The duration of the note is 15 months. On a $1 down payment, the monthly payment would be approximately $1000/month, including principal, interest, property taxes, and servicing fee. There is no prepayment penalty to pay the note off faster.
The down payment will be $1000
(which will be equal to the winning bid) and a deed preparation and recording fee of $500, plus a 10% fee of the total $15,000 (due to bid4assets) will be due within 3 business days of the auction's close and may be paid by, cashier's check, or wire transfer.
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.Bidders are responsible for due diligence on property condition, back taxes,
PLEASE MAKE SURE YOU'RE READY TO FUND THE DOWN PAYMENT BEFORE YOU BID!
0.25 Acres in Ridgecrest, CA - Build, Invest, or Develop in
a Growing Community
Opportunity awaits with this 0.25-acre lot in Ridgecrest, Kern County, offering paved road
frontage on Lumill Street and utilities available at the street [Electric, Phone, Water and Sewer]
(buyer to verify). Conveniently located just minutes from State Route 178, China Lake
Boulevard, and Highway 395, this property provides excellent accessibility for future
development.
Positioned between established homes and industrial properties, the lot is zoned M-1 Light
Industrial (buyer to verify), allowing a variety of potential uses. Whether you're planning a
custom residence, multi-unit project, commercial venture, or looking for a long-term investment,
this property offers flexibility in an area experiencing steady growth.
Ridgecrest is known as the gateway to outdoor adventure. Spend your free time exploring
Death Valley National Park, Red Rock Canyon State Park, the Trona Pinnacles, or the scenic
Sierra Nevada Mountains. Shopping, restaurants, schools, and everyday services are just
minutes away in downtown Ridgecrest, while Lancaster is approximately 1.5 hours away and
Los Angeles is about 2 hours and 40 minutes away.
Discount Cash Price: $15,000
Or
Easy Terms available. Contact us..
Property Details
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County: Kern County
Size: 0.25 acres
APN: 343-361-05-00-7
Address: S Lumill St, Ridgecrest, CA 93555
GPS Center: 35.619000,
-117.643000
Annual Taxes: $224
Access: Paved Road via S Lumill St.
Legal description: Parcel Map 8086 , Lot 1
Zoning info: M-1
Utilities available at Street