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.
#L03925-1 80 Acres near Garlock, Kern County, CA $49,900.00 ($528.76/Month)
This 80 Acre Parcel is located in Old Garlock California and is accessible via dirt road, roughly 1.6 Miles off of Redrock Randsburg Road (Paved). The Property is adjacent to BLM Land to the East and is roughly 9.5 miles from the town of Randsburg, 18.2 Miles from Redrock Canyon State Park and 26 Miles from the city of Ridgecrest.
Kern County, often referred to as the Golden Empire due to its rich history of gold, oil, and agricultural production, is the third-largest county by area in California. It ranges as far north as the Sierra Nevadas and as far south as the Antelope Valley.
Given its blue skies and moderate climate, Kern County hosts an abundance of outdoor activities including camping, rafting, kayaking, fishing, mountain biking, golfing, rock climbing, skydiving, glider flights, water sports, dirt biking and off-roading.
Some of the most visited destinations in Kern County include Lake Isabella, Sequoia National Monument, Red Rock Canyon State Park and the wild and scenic Kern River.
*Photographs of Actual Property*
- ATN: 154-120-10-00-6
- APN: 15412010
- GPS Marker: 35.36868, -117.79025
- Legal Description: N1/2 of SW1/4 Section 34 Township 29S Range 39E
- Current Zoning: 0082 - 40-100 AC NO R2 3 4 COMM IND
- Tax Classification: 111015
- Size: 80 Acres
- Terrain: Varied
- Power/Water: Rural / Off Grid / Contact County
- Roads: Dirt
- Property Taxes: $442.78
Purchase Price: $49,900.00
Interest Rate: (8%)
Loan Term: 15 Years
Monthly Payment: $476.87
TOTAL DUE TODAY
Down Payment: $1.00
Document Fee: $299.00
DUE TODAY: $300.00
Land Payment: $476.87
Property Tax: $36.89
HOA/ Assoc. Fees: N/A
Monthly Servicing Fee: $15.00
TOTAL MONTHLY PAYMENT: $528.76
CASH PRICE: $45,995.00 + Taxes and Fees
Be sure to reference #L03925-1 in any correspondence.
$1 down payment and $199 document fee for lot #L03925-1 in California. Your welcome packet and contract 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.