Owner Finance Terms
Owner Finance TermsBuyer(s) agree to pay monthly payments to Seller, payable in the amount, interest and term stated on Standard Agreement of Sale, until paid in full. The first installment is due and payable as noted on contract within forty-five days, and subsequent installments on the same day of each consecutive month until paid in full. Each payment shall be credited first on interest due and then on the principal; and interest shall thereupon cease upon the principal so credited. Seller shall receive a late charge in the amount of 10% of the total monthly payment or ($10.00 minimum), whichever is greater, for any monthly payment which becomes more than 14 day’s delinquent and/or a service fee of $25.00 for any payment which is returned by payer’s bank. There is no pre-payment penalty. Seller shall deliver to Buyer(s) a good and sufficient deed to the above-described property within Forty-Five days of the completion of payments or payment in full, or before at Seller’s sole option. In the event of default in making any of the monthly installments, and such default continues for ninety (90) days, this agreement may be canceled at the option of the Seller without notice and any and all moneys paid by Buyer(s) shall be retained by Seller as damages. LOAN SERVICING FEE: A monthly loan servicing fee of $15.00 will be added to the Monthly payment. PROPERTY TAXES / ASSOCIATION / HOMEOWNER FEES: The Buyer is responsible for all property taxes due after the date of the sale. Yearly County Taxes with being assessed as a fee included in the monthly payment. As with property taxes, Buyer is responsible to pay association fees (if applicable) which will also be added to the monthly payment. Buyers should contact the appropriate county offices for any questions about property taxes, assessed values or supplemental assessments. LOAN PRE-PAYMENT: There is NO LOAN PRE-PAYMENT PENALTY. Any loan can be paid off at any time without any pre-payment fees.
#L11698-1 2.62 Acres California Valley VRL, San Luis Obispo County California $10,500.00 ($153.88/Month)
This 2.62 Acre parcel is located within the Carrizo Planning Area on Clipper Mills Road, just north of Caliente Trail. Roughly 1 mile from Soda Lake Road and other homes, this parcel is under the jurisdiction of California Valley CSD and San Luis Obispo County. The lot which is in the South-West location in California Valley offers panoramic views of the surrounding fields and hills. The lot location is situated between California Valley Airport and Soda Lake. Located roughly 50 miles east of Santa Margarita, California Valley was originally a Spanish land grant used for seasonal cattle raising. Now, it's a large subdivision of mostly 2.5 acre parcels situated south of Highway 58 near Soda Lake Road. California Valley Solar Ranch is nearby and now generating enough clean, reliable electricity to power 100,000 homes, the equivalent of nearly every home in San Luis Obispo County.
GPS: Approx. South East Corner of Parcel 35.28673, -119.94733
Zoned: Residential Suburban / Planning Area Standards: 22.102.010
Purchase Price: $10,500.00
Interest Rate: (8%)
Loan Term: 10 Years
Monthly Payment: $127.39
TOTAL DUE TODAY
Down Payment: $1.00
Document Fee: $199.00
DUE TODAY: $200.00
Land Payment: $127.39
Property Tax: $5.49
HOA/ Assoc. Fees: N/A
Monthly Processing Fee: $15.00
TOTAL MONTHLY PAYMENT: $153.88
To buy this property, simply pay the $1 down payment and $199 document fee ($200.00 total). Your welcome packet, contract, and payment coupon book for your monthly payments will be sent to the shipping address you provide. (Please note that we do charge a shipping fee)
The information within this listing is posted by a private or third-party seller and we do not guarantee the accuracy of the information enclosed. We encourage to always verify ownership and property details listed. As a precaution, due diligence in any real estate transaction is encouraged and closing through a verified title company is advised. To the maximum extent permitted by law we do not accept any responsibility to any person for the accuracy of the information herein.