Homes for Sale by Bidding Event
47383 Ridge Route Rd - CA
Lake Hughes, CA 93532
3 Bed 3 Bath 1700 Sq ft
6 Acres, view, 75% + construction NEW PICS and $ TBA
MLS#:19-533090 Opening Bid: $400,000
Investors/Country Lovers! Amazing Six-Acre Outdoor Paradise One Hour From LA! OWNER FINANCING. If you love boating, hiking, biking, horses and never-ending views, this six-acre, 1,700 sq. ft. (plus garage and patio) home in mid-construction is for you. Owner moving out of state and looking for takeover to completion. Property offers 3 bedrooms/3 full baths, open-living concept with a lodge feel. One hour from bustle of LA. At over 3,000 ft. in elevation, the home has incredible 360-degree ridge-top views of California landscape and famous Tejon Ranch. It's the best deal in the area and with I-5 eight minutes away you can commute to the city until you're ready for your six-acres of country living. ARV upon completion close to $550k or more. All permitted construction with new framing, insulation, heating/cooling systems, tankless hot water tank, lodge-like fireplace, new roof, double-paned windows and too much to detail. At 70% completion, add your finishing touches to this fire-safe property with underground gas line (rare), well water supply, electricity, septic, and outbuildings. Boating on Pyramid Lake is 15 minutes away. Biking and horseback riding are famous in nearby Gorman, or on your property. Magic Mountain is 30 minutes away. Use as getaway retreat, retirement paradise, or cash out of city life. Have your morning coffee on the deck overlooking your million-dollar view, or a sunset toast to your good fortune. Bring offers now. This great investment won’t last as area begins to grow. For more photos contact agent. OWNER FINANCING OR 10% DOWN LEASE-OPTION-BUY FINANCING AVAILABLE ON APPROVAL. (400k as is, completed priced will increase, owner financing available upon completion)
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Buyers and agents can bid online anytime from the beginning until the end of the published auction date.
Once the seller accepts the winning bid, the entire process will proceed like a traditional real estate transaction. The buyer will submit a signed contract to the seller with the final sales price being the highest bid offer plus the buyer’s premium. The and seller will open escrow with all of the buyer’s contingencies and inspections time frame outlined in the contract. For more information contact Listing Agent!
SELLER RESERVES THE RIGHT TO ACCEPT, COUNTER OR REJECT ANY BID!
What is the “Buyers Premium” – Using our EZ Real Estate Offers option, real estate commissions can be paid by the seller, the buyer or both. When the buyer’s paying the commission it’s called “Buyer’s Premium”. (Highest Bid + Buyer’s Premium = Sales Price)
The Winning Bidder shall provide a purchase contract within 24 hours from the time of acceptance of the winning bid by the seller. If the buyer will not provide the purchase contract within the time frame specified above, the seller reserves the right to accept other offers!
Notice to Winning Bidder If you are the winning bidder selected by the seller at the end of the process and back out without submitting a purchase contract, you may be liable for a $500 penalty fee and will be invoiced for that amount.
For information on how to get approved and bid online Click Here!
In order to place a bid/offer on any property available by auction, you must REGISTER and create an account at the URL above. If you are working with an Agent, you will need to provide us with their contact information.
By creating your account, you agree to accept AND you understand the Terms and Conditions of the auction process and this bidding platform.
In addition, you must either provide Proof of Funds if paying in cash OR a FULL Underwritten Loan Approval Letter From A Mortgage Lender prior to getting access to the bidding area. Registration and documents must be received NO LATER than 12:00 pm PST the day of the auction.
If you are not registered and/or you have not provided suitable documentation by 12:00 pm on the day of the auction, you will NOT be allowed to bid on a property!
Also, we STRONGLY encourage you or your agent to login to your account prior to the end of the bidding time on the property you wish to bid on. It is IMPORTANT to understand the steps and functionality needed to place your bid. Technical or agent support will not be available after 12:00 pm on the final day of the auction.
Bid Increments – You may place your bid up to the “maximum high” that you are willing to offer on the property. The system is designed to raise your bid in increments set by auction. Increments can vary depending on length of auction with minimum being $100 above the last bid placed. Starting Auction Bid increments will range from $1,000 to $2,500.
Bidding Auto Extend – Our system Prevents Last Second Bidding by Automatically Extending the Bidding Time. Please make your final bid before 5 seconds to allow site to refresh.
Attention Winning Bidders! – If You Are The Winning Bidder: Please have your agent submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions” (please see the posting details). If you do not have an agent, please Contact Us.
Information deemed reliable but not guaranteed and subject to change without notice!