Up for auction is 2 separate adjoining lots in California City, CA in Kern County. The properties have access via Woodward Avenue and there are homes nearby.
THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $8,900 (TOTAL FOR BOTH PROPERTIES). 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 $170/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 lowered to approximately $161/month
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.
Property #1
| Address: | Woodward Avenue, California City, CA 93505 |
| County: | Kern County |
| ATN: | 310-063-10-00-8 |
| Legal Description: | LOT 668 OF TRACT 3282, IN THE CITY OF CALIFORNIA CITY, COUNTY OF KERN, STATE OF CALIFORNIA, AS PER MAP RECORDED JUNE 5, 1970 IN BOOK 19, PAGE 47 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. |
| Lot Size: | Approximately 0.54 acres |
| Property Taxes: | $176.55 |
Property #2
| Address: | Woodward Avenue, California City, CA 93505 |
| County: | Kern County |
| ATN: | 310-063-11-00-1 |
| Legal Description: | LOT 667 OF TRACT 3282, IN THE CITY OF CALIFORNIA CITY, COUNTY OF KERN, STATE OF CALIFORNIA, AS PER MAP RECORDED JUNE 5, 1970 IN BOOK 19, PAGE 47 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. |
| Lot Size: | Approximately 1 acre |
| Property Taxes: | $178.91 |
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!
