OWNER-FINANCED: Ridgecrest, CA - Industrial Lot, $1 Down & as low as $160/mo.

Full Description

Ridgecrest, CA - Industrial Lot Up for auction is an industrially zoned lot in Ridgecrest, California in Kern County. The property has road access via S Lumill Street and power lines on the property. There are lots of homes and businesses nearby. The Naval Air Wearpons Station China Lake is to the north. THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $11,900. The interest rate is 9% and the duration of the note is 10 years. On a $1 down payment, the monthly payment would be approximately $172/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 reduced to approximately $160. 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. Address: S Lumill Street, Ridgecrest, CA 93555 County: Kern County ATN: 343-361-07-00-3 Legal Description: LOT 3 OF PARCEL MAP 8086, IN THE CITY OF RIDGECREST, COUNTY OF KERN, STATE OF CALIFORNIA, AS PER MAP RECORDED JUNE 18, 1987 IN BOOK 34, PAGE 131 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. Lot Size: 0.22 Acres Zoning: M-1 (Light Industrial) Property Taxes: $139.22 Additional Information Still have questions? Click on "Ask a Question" to ask any questions before you bid. 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!