Bakersfield Subto Deal 3.5% Interest 11% Entry

Kern County, Bakersfield, CA, 93307
Sold
Listed at: December 12th, 2023
Price
$32,580
Sq. Footage
1872
Type
Single-Family
Parking
Attached Garage
Year build
1954
Lot size
0.13 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

✌️SUBTO DEAL

1213 Dawn St

TURN KEY

BREAK EVEN LTR


ENTRY FEE: $32,580 + CC

Total Purchase Price: $286,885


4bed 2bath 1,472sf with attached garage


Recently updated

Mortgage Balance: $254,305, Rate 3.5% FHA


Entry breakdown

  • Entry fee $32,580 + closing cost
  • Solar arrears $2,380.19
  • Mortgage arrears $6,800
  • Energy arrears (gas) $1,153
  • Cash to seller $5,300
  • Realtor $6,900
  • TC fee $1,200
  • Assignment fee $10,000


PITI: $1,858 (currently $2,210 until Oct. 2024 or pay $3,673 to pay up taxes and insurance)

Solar: $69,000 balance / $290 per month 25 year 2.9% .22cents per kilowatt, Contract signed 3/16/22


Market Rent: $2,200 to $2,400

Rental comp: 612 Townsley Ave 3/1 $2,200

EMD $3k

 Contact Marquis for more Details (209) 454-1117 


BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.

● Buyer pays ALL closing costs

NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING OUR SELLER.
Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".
Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to a third party Title Company we use who will help facilitate the closing process.
Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.
Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 


**Purchasers are responsible for conducting their own due diligence. *The seller of this property holds ownership or a vested contractual interest in the properties being marketed. *In determining details such as lot size, square footage, number of bathrooms, bedrooms, total rooms, zoning, allowed and disallowed uses, construction materials, parking availability, year of construction, and other relevant data about the property's physical improvements and land area, the seller has solely depended on information from the MLS, County Assessor's office, and Property Tax office. The buyer recognizes and agrees that the seller provides no guarantees or representations of any sort regarding the actual condition present within or surrounding the property. The buyer acknowledges having conducted their own investigation into these matters and is purchasing the property based on their own findings. The buyer explicitly understands and agrees to purchase the property in its "as is, where is" condition. Motherlode Home Buyers, LLC, doing business as Golden State Cash Offers.



Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Marquis Lutge

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