THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $18,000. The duration of the note is 16 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 $2000
(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!
Two Adjoining Lots with Lake Views in Lake Elsinore, CA
Enjoy the opportunity to own two adjoining lots totaling approximately 8,712 square feet in
the scenic hills of Lake Elsinore, Riverside County. Located on Ridge Road just off Franklin
Street, these parcels sit near the top of the hillside, offering beautiful views of Lake Elsinore
and the surrounding mountains.
The property features easy dirt road access suitable for most vehicles, with electric poles
located directly in front of the lots for convenient future utility hookup (buyer to verify).
Whether you're planning to build a custom home, create a weekend retreat, or invest in one of
Southern California's growing communities, this property offers an excellent combination of
location and potential.
One of the biggest advantages is the location. You're within walking distance of Historic
Downtown Lake Elsinore, where you'll find local restaurants, coffee shops, boutiques, and
community events. Spend your weekends boating, fishing, or kayaking on Lake Elsinore, hike
nearby trails, or explore the Cleveland National Forest just a short drive away. Shopping,
schools, parks, Interstate 15, and Highway 74 are all conveniently close, making everyday living
easy.
Discount Cash Price: $18,000
Or
Easy Terms available. Contact us..
Property Details
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County: Riverside County
Size: 0.20 acres
APN: 373-121-032, 373-121-031
Address: Ridge Rd, Lake Elsinore, CA 92530, USA
GPS Center: 33.666667,
-117.320222
Access: Dirt road access via Ridge Rd
Annual Taxes: $215.84 [for 2 Property]
Elevation: 1583 ft.?
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Legal description: Lot 38 Blk 14 Mb 011/034 Country Club Heights Unit 3
Zoning info: R2
Whether you're ready to build or simply secure land in a growing Southern California
community, these two lots offer scenic views, everyday convenience, and outstanding future
potential. Request the property details, pricing, and available financing options today.