40 AC. SAN DIEGO - OWNER FINANCE - BID PER ACRE PRICE 2% DOWN PAYMENT - 5 YR LOAN - ASSUMABLE - NO QUALIFYING Start Price USD 16,400.00 Current Price USD 16,400.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Friday, November 14, 2008 End Time Sunday, December 14, 2008 Location San Diego, California See more about '40 AC. SAN DIEGO - OWNER FINANCE - BID PER ACRE PRICE' Description You are Bidding the Per Acre Price; and You are Buying 40 Acres. Your Bid  x  40  =  Purchase Price of the Property. PROPERTY DESCRIPTION: This is not junk land, surplus government range land, worthless mining claims, or desert scrub land in the middle of nowhere. This is Class A prime real estate north-northeast of the City of San Diego (see the map). Photos below show plateaus, open level meadows, low-slope hills, 3 seasonal creeks, and some challenging, steep terrain punctuated with massive boulders and rock out-croppings offering magnificent vistas. There are numerous potential construction sites - some higher with views; some lower with privacy and seclusion - as well as huge, level, open areas at the western side suited for grazing animals, and ideal for placement of greenhouses or container-grown trees, palms, bushes and flowers. Climate is ideal for growing avocados, citrus, grapes, nuts, and agave. Only 15 minutes from the wine country of Temecula, 10 minutes from Pala Casino & Hotel, 4 minutes from the expanding Harrah’s Hotel and Rincon Casino, 6 minutes from expanding Caesar’s (soon-to-be Harrah’s) Pauma Casino, and just 45 miles from the exclusive hamlet of Rancho Santa Fe. This unique property is on the south side of Hwy. 76, situated in the shadow of Palomar Mountain and about 35 miles east of the blue Pacific Ocean. It has almost one mile of roadway frontage and 2 points of access/egress. Acclaimed Pauma Valley Country Club is approximately 3 miles west, with its Robert Trent Jones golf course and private airport. The entire valley - called Pauma Valley - is composed of commercial nurseries, citrus and avocado groves, upscale private gate-guarded estates, a quaint motel, a bed-and-breakfast inn, and lovely custom single-family homes. You will select your 40 acres. You get to choose the location of your 40 acres within the 156 acre parcel shown in the photo. (All 156 acres is available for purchase. Bidder could buy 40 acres and buy an "option" on the additional 116 acres.) The property is currently unimproved (no buildings or structures). It's zoned A70L which is an agricultural designation allowing residential construction and livestock such as horses, etc. You can build two houses and other buildings for your personal use, as well as use the land for recreation such as hunting, hiking, and camping. Or you can grow plants, trees, flowers and produce and still have plenty of space to ride motorcycles, ATV's and do motocross. It may be possible to subdivide this property in the future so you have land for yourself and more to sell off. If you want to start a business on the property, you can apply for a major use permit with the County. Start a camp-ground, build a driving range, offer a health spa resort, open a private hunting club, set up a private school. The possibilities are endless. Utilities: Electric and telephone - 4 pole drops along perimeter of property; neighboring properties have water wells and septic systems. COMPARABLE SALES: As of 10/26/08 there have been 34 recorded sales of similar acreage during the past 24 months according to the MLS database. The average price was $19,828.94 per acre. Data can be provided to Bidder as proof. Seller holds a current California real estate license and is a semi-retired architect/consultant. TERMS: Seller is providing the loan for 5 years. Seller will consider providing the loan for longer if requested. NO QUALIFYING FOR THE LOAN. Buyer must make a downpayment of at least 2% of the purchase price or $12,500, whichever is greater. Seller may agree to make the loan assumable so Buyer can sell the land in the future with the existing loan. Buyer shall pay a $2,500 deposit in certified funds within 3 calendar days after Bid is accepted. The deposit will become part of the downpayment. Buyer agrees to meet with Seller at the property within 7 calendar days after Bid is accepted. Escrow period will be approximately 180 days. This is an estimate of how long the County and Engineer will take to complete the work of creating the new 40 acre legal parcel for Buyer. Buyer will be responsible for paying 50% of County and Civil Engineering costs and fees to complete the boundary adjustment and create the new parcel for Buyer. Buyer's portion will be approximately $3,700. Buyer will be responsible for paying reasonable closing costs, taxes, charges and fees imposed by County and State governments, and escrow and title companies. Seller shall have the right, but not the obligation, to sell this property for less than $16,400 per acre ($656,000). This auction is subject to prior sale of all or any part of the property. ***Photos shown in this auction advertisement were taken between 2006 and 2008, during different seasons, and before and after the October, 2007 fires.*** Place a Bid!