Looking for a real estate investment in Northern California? The IRS recently sent a nationwide news release highlighting four real estate sales in Modesto and Yuba City. Among the sales are low minimum bid prices starting at $49,400 to $164,000. All auctions begin on Sept. 1, 2011 starting at 11 a.m. PDT. However, the details of each open house and the ways to purchase these properties without being at the auction vary.
How to buy from an IRS real estate auction
It is a common misconception that you will need to be at the auction at the time of sale. Instead, most pages at the IRS Real Estate auction website shows where you can mail in your bid. Along with the printed out form, you must include a check for a percentage of the bid amount. The check must include the parcel number or other information contained on the mail-in bid webpage for each auctioned item.
If you wind up being the top bidder, you will get the auctioned property free and clear as long as you mail in the rest of the money within 45 days. Of course, you can also show up in person on the day of the auction to make sure that you get a chance to outbid the mail-in bids.
Modesto office building and automotive garage with tenant in Turlock
The Open House will be conducted on August 25, 2011 at the property site at 500 & 510 Lander Ave., Turlock, Calif., from 10 AM to 1 PM.
The Auction will take place on September 1 at 11 AM at the Stanislaus County Courthouse, 1100 I Street, at the I Street side, in Modesto, California.
Description of Property is 500 and 510 Lander Avenue, Turlock, CA 95380.
According to the IRS Real Estate auction website, this is “two commercial buildings consisting of an office building and automotive repair garage.”
Minimum Bid is $57,824.00
Modesto single family residence, needs some TLC in Ceres, CA
The Open House will be conducted on August 25, 2011 at the property site at 1909 Lupin Lane, Ceres, CA from 2 PM to 4 PM.
The Auction will take place on September 1 at 11 AM at the Stanislaus County Courthouse, 1100 I Street, at the I Street side, in Modesto, California.
Description of the Property is 1909 Lupin Lane, Ceres, CA 95307.
According to the IRS Real Estate auction website, this a, “single family residence, built in 1973, with 3 bedroom, 2 baths, 1482 square feet of living area, lots size 6534 square feet, 2 car garage, fireplace, open floor plan, central heat and air.”
Assessed Value is $72,171.
Minimum Bid is $59,500.00
Modesto rural single family home with acreage in Riverbank, CA
The Open House will be conducted on August 24, 2011 at the property site at 6837 Snedigar Rd, Riverbank, CA from 10 AM to 12 PM.
The Auction will take place on September 1 at 11 AM at the Stanislaus County Courthouse, 1100 I Street, at the I Street side, in Modesto, California.
Description of the Property is 6837 Snedigar Road, Riverbank, CA 95367.
According to the IRS Real Estate auction website, this a, “rural home site on 4.35 acres of land, built in 1990, 3 bedroom, 2 bath, 2 car garage, septic system, well water, approx. 1488 square feet of living space.”
Minimum Bid is $164,000.00.
Yuba City priced right industrial property that needs work
The Open House will not be conducted since this is a fire-damaged property. You can show to look at the lot at any time.
The Auction will take place on September 13 at 11 AM at the Sutter County Courthouse at 446 2nd St. at the steps of the main entrance in Yuba City, CA.
Description of the Property is 3420 INDUSTRIAL DRIVE, YUBA CITY, CA 95993.
According to the IRS Real Estate auction website, this a, “1100 square foot building with severe fire damage, lot size 19295 square feet, zoned industrial.”
Assessed Value is $108,225.
Minimum Bid is $49,358.44.