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NO RESERVE Auction for 100% ownership of the Roosevelt Property in Riverside County, California. Twenty (20) Acres. Ordered foreclosure due to lessee default.
Appraisal of the property is $90,000 in 2019.
Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. Please see legal description for more information.
6% Buyers Premium
$695 Documentation/Closing fee.
It is recommended that perspective buyers conduct their due diligence, including in person visit to the properties.
If you are unclear on any aspects of ownership of real property, MRO, SRO or purchase thereof, it is recommended that you seek legal advice before registering or bidding.
Properties are sold as is, where is. No other warranties or representations.
The Roosevelt Property will be sold to highest bidder with NO RESERVE.
Legal Description:
Roosevelt Property - MRO
Serial: CAMC0320146
Riverside County, California
NW 1/4 SEC7, T8S R21E, San Bernardino Meridian.
The property was appraised at $90,000 in 2019.
The Roosevelt Property is a fully surveyed, Twenty (20) Acre Mineral property located in San Bernardino County, California. The property was surveyed and verified in and 2019.
The Roosevelt Mining Property is a gold mine located in south east California in Riverside County. Desert Center, California, some 50 miles away would be the closest town with access to all needed amenities.
It is for this reason that the Roosevelt remains largely undeveloped and overlooked in the harsh Mule Mountains. The range is a small grouping of high peaks, deep canyons, inhospitable to hikers, bikers or other recreation development.
Gold is found in native form in the waste dumps on the site. It is in small specks but not microscopic. It was discarded as more valuable ores were being developed on the Rainbow and Roosevelt veins. The apex of both of the aforementioned veins are contained on the Roosevelt.
The mine camp is established below the main haulage portal on the property. There is very little left, notably, the remains of a gear driven arrastra and a few foundations for machinery.
The primary mine workings are cut intercepting and opening the Roosevelt vein, which is gold bearing, copper stained quartz with some iron showings in a granordite type host rock. There is visible gold in small quantities noticeable inside the vein in the quartz. These main workings consist of a large, stable adit which intercepts at least four (4) shafts and or open stopes. Open stopes showing where the vein was worked to the surface. Total estimated linear workings seen at in this complex is 1200’. This does not account for shafts and stopes.
The total claim covers 20 acres the majority of the development of the Rainbow and Roosevelt veins. There are extensive dozer cuts and trenches run through the property.
No permitting is included or implied.
Bidder is responsible for all diligence and validation of information provided.
This is a NO RESERVE auction. 100% interest and ownership of the properties will be transferred to the winning bidder. Winning bidder will receive the deed to the property, clear and unencumbered title of ownership. Property conveyance includes 100% interest and ownership (MRO) of all locatable minerals. Rights to development are also included with ownership of the mineral properties. Conveyance does not include exclusive surface ownership(SRO). These properties are suitable for mineral development and mining activities. It is recommended that potential bidders obtain legal advice if they are unclear of the caveats or stipulations related to mining properties.
Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide.
Ownership transferred by Quit Claim Deed with no caveats or restrictions. Warranty Deed is available at additional fee.
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