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Deeded Lake Tahoe Timeshare- Prime Floating Ski Weeks-Ridge Tahoe Resort

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Seller Name:	nickarrieta
Rating:	Not yet rated
Location:	400 Ridge Club Drive Stateline, NV 89449 United States

Asset was sold for $750

Number of Bids:	6
This is the final amount the asset was sold for. Winning Bid:	$750
Winner:	t***8
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$1
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	Met!
Status:	Sold
Auction Started:	08-31-17 01:20 PM ET
Auction Closed:	09-15-17 03:00 PM ET
Bid Increment:	$100
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Private Auction
Deposit Required:	$0
Seller defines cost for shipping fees. Shipping Cost:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	10.0%
Page Views:	5998

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Asset Information

Item Specifics - Timeshare Properties

Timeshare Properties
Timeshare Details	Floating Week #1-16, 21-38, 52
Address	400 Ridge Club Drive Stateline, NV 89449 United States
County	Douglas County
Legal Description	Lot 37, Unit No. 3, 164 Undivided 1/106th interest
Parcel Number	1319-30-644-073
Number Of Bedrooms	2.00
Number Of Bathrooms	2.00
Living Space	1550.0
Year Built	1990
Annual Dues	$1093.00
Annual Taxes	$60.00
Season	Ski/Summer
Community/Resort Name	Ridge Tahoe
Weeks	1-16/21-38

Asset Due Diligence Browser

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Asset Description

Settlement Requirements

If you are the winning bidder on this timeshare auction, you will simply pay me your winning bid amount, plus $1,154 for the pre-paid year 2017 maintenance and tax fees, plus the 10% buyer's premium (please note there is a minimum $500 buyer's premium or greater whichever is higher), plus $395 for closing costs at the close of the auction with Settlement agent. Settlement agent is Dave Heine with Timeshare Escrow and Title 1 833- 872- 5674 1 833- 872- 5674. This closing will take approximately six weeks.
Payment must be received within 3 days of the close of the auction via wire, certified check, money order and I will also accept all major credit cards via PayPal.com ONLY.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).

This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.

Payment Type

Certified/Cashier's Check
Settlement Agent
Wire Transfer
Money Order

PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to,

A satisfactory inspection of the property
Completion of a title search
Investigating back property taxes and
Other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.