Up for auction is 4.98 Acres of vacant land in Mount Waterman, CA. This property is located near the cities of Pinon Hills and Phelan, which offer various shops, places of worship, and schools such as Phelan Elementary School, Chaparral High School, and Serrano High School. Also, this lot is less than a mile from Mescal Wild Life Sanctuary.
Please research its development potential with the City and place your bid today!
THIS IS A BID & ASSUME AUCTION. You are bidding on the down payment and the full purchase price is $4,900. The interest rate is 7% and the duration of the note is 5 years. On a $1 down payment, the monthly payment would be approximately $106/month, including principal, interest and property taxes. There is no prepayment penalty to pay the note off faster.
SPECIAL TERMS WHILE THERE IS A NATIONAL EMERGENCY RELATED TO COVID-19.
Community Investment & Development is sensitive to the current situation. Once you make your down payment and return the signed Note, your first note payment will not be due until 90 days after the auction has closed.
The down payment (which will be equal to the winning bid) and a deed/note preparation fee of $399 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 must be signed within 14 calendar days of the auction's close. All monies paid are non-refundable.
PROPERTY WILL BE CONVEYED VIA GRANT DEED WITH CLEAR TITLE ONCE THE NOTE IS PAID IN FULL!
PLEASE MAKE SURE YOU'RE READY TO FUND THE DOWN PAYMENT BEFORE YOU BID!
The following info was provided by Los Angeles County and should be verified prior to purchase.
| Address: | |
| County: | Los Angeles |
| Parcel ID: | 3064 003 010 |
| Legal Description: | LOT 3 IN NE 1/4 OF SEC 3 T 4N R 8W |
| Lot Size: | Approx. 4.98 Acres |
| Zoning: | 580V - Vacant Land |
| Property Taxes: | $115.21 |
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!
