Live Webcast Auction
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Date(s)
9/30/2024 - 10/26/2024
AUCTIONEER INFORMATION
Bidding Notice:

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Auction Notice:

Agents representing buyers can receive a 2% of the high bid commision if Buyer Broker Participation form is complete prior to auction. Follow link to form at www.NatomasAuction.com


Information
Lot # 1
Group - Category Real Estate - Residential
Lead 2599 Arena Blvd. Sacramento, CA 95834
Description
Prime Sacramento Development Opportunity: 7.76 +/- Fully Entitled Acres 174-282 UNITS!! VISIT NatamosAuction.com for details! **Auction Date:** October 26, 2024, at 10:00 AM PST **Location:** 2599 Arena Blvd, Sacramento, California Contact Auctioneer Shane McCarrell at 931-302-4717 or Project Manager Christine Sawyers at 615-995-5095 Unparalleled Infill Development Potential Seize a rare opportunity to acquire 7.76 acres of fully entitled land in the heart of thriving Sacramento. This prime infill location offers unlimited potential for visionary developers and investors. Key Highlights: - **Fully Entitled**: All approvals for the planned unit development are complete and in place, allowing for immediate project commencement. - **Versatile Development Options**: Ideal for creating for-sale units or a multi-family investment property. - **Prime Location**: Situated in a high-demand area of Sacramento, ensuring strong market interest and potential returns. - **Significant Scale**: At 7.76 acres, this property provides ample space for substantial development projects. Unlimited Potential: This exceptional parcel presents a canvas for creating a landmark development in one of California's most dynamic cities. The property's size, entitlements, and location combine to offer a truly rare opportunity in today's competitive real estate market. Whether you envision luxury condominiums, a thriving apartment community, or a mixed-use development, this fully entitled land provides the foundation for your vision to become reality. Auction Details: Don't miss this chance to secure a pivotal piece of Sacramento's future. Join us on October 26th and be part of Sacramento's growth story or bid online at www.NatamosAuction.com This is more than a land purchase – it's an investment in the future of one of California's most promising real estate markets.
Name 7.76+/- Fully Entitled Acres-Sacramento California
Auctioneer
Type Live Webcast Auction
Date(s) 9/30/2024 - 10/26/2024
Auction Date/Time Info
Live and Online
Preview Date/Time Contact Auctioneer Shane McCarrell at 931-302-4717 or Project Manager Christine Sawyers at 615-995-5095
Checkout Date/Time Buyer to execute a Purchase and Sale agreement immedietly following the auction and make a $100,000 non-refundable deposit within 48 hours of the close of the auction event.
Location
Buyer Premium 10% Buyer's Premium
Description
Prime Sacramento Development Opportunity: 7.76 +/- Fully Entitled Acres ENTITLED FOR 174-282 UNITS VISIT NatamosAuction.com for details! **Auction Date:** October 26, 2024, at 10:00 AM PST **Location:** 2599 Arena Blvd, Sacramento, California Contact Auctioneer Shane McCarrell at 931-302-4717 or Project Manager Christine Sawyers at 615-995-5095 Unparalleled Infill Development Potential Seize a rare opportunity to acquire 7.76 acres of fully entitled land in the heart of thriving Sacramento. This prime infill location offers unlimited potential for visionary developers and investors. Key Highlights: - **Fully Entitled**: All approvals for the planned unit development are complete and in place, allowing for immediate project commencement. - **Versatile Development Options**: Ideal for creating for-sale units or a multi-family investment property. - **Prime Location**: Situated in a high-demand area of Sacramento, ensuring strong market interest and potential returns. - **Significant Scale**: At 7.76 acres, this property provides ample space for substantial development projects. Unlimited Potential: This exceptional parcel presents a canvas for creating a landmark development in one of California's most dynamic cities. The property's size, entitlements, and location combine to offer a truly rare opportunity in today's competitive real estate market. Whether you envision luxury condominiums, a thriving apartment community, or a mixed-use development, this fully entitled land provides the foundation for your vision to become reality. Auction Details: Don't miss this chance to secure a pivotal piece of Sacramento's future. Join us on October 26th and be part of Sacramento's growth story or bid online at www.NatamosAuction.com This is more than a land purchase – it's an investment in the future of one of California's most promising real estate markets.
Welcome to the Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office or speak with our staff on the ground on auction day. If you are being represented by an agent, we are paying broker participation IF your agent registers using the broker participation form available on the auction site. Please note that all broker participation forms must be filled out completely and received no later than 48 hours prior to the close of the auction. Broker participation is 2% of the winning bid. Example: Winning bid of $100,000 = $2000 broker participation paid to the broker at closing. This property will be sold subject to the owner's confirmation, which means the owner has the ability to reject or accept the final bid. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. The successful high bidder on this property will be required to sign a Real Estate Purchase & Sale Agreement, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make a nonrefundable deposit of $100,000. Payment may be made by personal check; cashier's check, wire transfer or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing but the auction is not contingent upon it. The contract will not be contingent upon financing, inspections or any other contingencies. Auction and its auctioneers and agents are representing the sellers as the sellers' agents. Auctioneer gives notice that the auctioneer or agent can bid on behalf of the seller up to the reserve price. All properties are sold "AS-IS, WHERE-IS and WITH ALL FAULTS," without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and or agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify all information to their satisfaction prior to bidding. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Sacramento, State of California and any action brought by either party shall be brought in the Courts of the State of California. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of California govern the parties agreement and their rights attended thereto. If you are bidding online, please note, the auctioneer may without notice, withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 48 Hours after you are the winning bidder. Auctioneer and Broker will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 25,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
10% Buyers Premium added to high bid to determine contract price. Winning Bidder to provide $100,000 Nonrefundable downpayment at completion of auction. Balance due at closing no later than 30 days from conclusion of auction. Purchase and Sale agreement to be executed immediately following the auction. Wire Transfer or verified bank check
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