OWNER-FINANCED: California City, CA - 2.53 Acres Financed w/ Only $250 Down!

Full Description

PLEASE READ ALL AUCTION TERMS PRIOR TO BIDDING! Up for auction is 2.53 acres of residentially zoned land in California City in Kern County, California. The property has access via Volvo Court. Buyer to research usage and development potential. Latitude/Longitude: 35.186203, -117.802417 County: Kern County, CA ATN: 202-130-19-00-6 Legal Description: LOT 158 OF TRACT 2828, IN THE CITY OF CALIFORNIA CITY, COUNTY OF KERN, STATE OF CALIFORNIA, AS PER MAP RECORDED DECEMBER 4, 1964 IN BOOK 14, PAGE 92 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. Lot Size: 2.53 Acres Annual Property Taxes: $41.14 THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $7,900. The interest rate is 9% and the duration of the note is 6 years. On a $250 down payment, the monthly payment would be approximately $151/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 monthly payment will be approximately $144. 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!