California Pines Lake Unit 1B, Lot 59

Important Documents:

California Pines Covenants

Location & Utilities:
• WHERE IS THE PROPERTY LOCATED?
This scenic property is approximately 35 miles southwest of Alturas, California, 139 miles northeast of Redding, California, and 187 miles northwest of Reno, Nevada.

• WHAT IMPROVEMENTS HAVE BEEN MADE?
This property has been professionally surveyed. All corners have been staked and pinned. Unmaintained dirt mountain roads have been established for access to all existing lots. Note: For road maintenance, please see covenants. There is a property owners association on site (HC4 Box 45010, Alturas, CA 96101), (530) 233-4801) with annual fees of $80. The minimum of building is 500 sq. ft. Camping is allowed for a maximum of 30 days at a time. Additional questions can be answered by staff at the Cal Pines Lodge – 750 Shasta View Drive, Alturas, CA 96101, (530) 233-5842. Download: Building Resources.

• WHAT ABOUT UTILITIES?
Currently, there is electric service readily available along the main road (California Pines Blvd) and branches to existing home sites. You are entitled to drill a domestic well on your property at your own cost. Water is not guaranteed to be available at any specific depths, quantity, or quality. Contact a Licensed California Well driller for further information and proposed costs. Note: Septic, a well or cistern is required before building.

• WHAT WILL THE ROAD SURFACE BE LIKE?
California Pines Blvd, the main paved road runs through Hill Units 1 through 3; all others are gravel or cinder roads including Hills Units 4-5. Note: Not All Units Are Plowed In The Winter Months.

Financing:
• WHAT IS THE MINIMUM DOWN PAYMENT AMOUNT TO PURCHASE AND ARE THERE CLOSING COSTS?
A minimum of $199 down payment is required for purchase. Closing costs are currently a nominal $199.00 for us to prepare all of the legal documents required for the contract for deed. Note: Our Basic Package ($199 Down) only applies to properties up to $49,999.

• IF I FINANCE THE PROPERTY, TO WHOM DO I MAKE MY PAYMENTS AND HOW WILL I KNOW I HAVE RECEIVED PROPER CREDIT FOR MY PAYMENTS?
We do not do credit checks and you are instantly qualified to purchase. We have our own in-house financing available. Your payments will be made to Classic Country Land, LLC. You can choose to make your monthly payments online on our Make A Payment portal or sign up for Autopay. Note: There is an $18 monthly servicing fee on all contracts; this fee can be waived if the buyer elects easy monthly automated payments.

• MAY I USE THE LAND WHILE I’M PAYING FOR IT AND WHEN DO I RECEIVE A DEED TO MY PROPERTY?
Yes, beginning the very day you sign the purchase contract, the land is yours to use and enjoy. You will receive your Warranty Deed once you pay off your property.

• IS THERE A PENALTY FOR PAYING OFF MY LAND EARLY?
There is absolutely no prepayment penalty. Your monthly payment is applied to your account balance using simple interest on the unpaid balance. All extra monthly payments will be applied directly to the principal. All extra payments will directly lower your balance, reducing the overall interest you pay on your purchase.

• DOES A BUYER HAVE TO BUILD A HOUSE WITHIN A CERTAIN TIME FRAME?
A buyer is never obligated to a timeframe to build on their property.

• CAN I RESELL MY PROPERTY IN THE FUTURE AND MAKE A PROFIT?
While there is no guarantee of profit from any land sale, historically land prices have increased in value. We believe there are many reasons for this upward trend, including inflation, population growth, a decreasing land supply, the public’s desire for a more natural environment, the trend toward movement away from urban areas, and the increasing popularity of outdoor recreational activities.

• CAN I MAKE AN OFFER AND WHAT KINDS OF DISCOUNTS ARE AVAILABLE?
Offers are discouraged as the properties are priced for immediate sale under our “No Haggle” pricing policy. Discounts are based on the finance plan that you choose.

• WHY ARE SOME PROPERTIES MORE EXPENSIVE THAN OTHERS?
The properties have been priced according to our “A B C” analysis and consideration of the proximity of the parcels to existing electricity. “A B C” stands for Access, Beauty, and Character. In other words, how good, quick, or easy is the access to the property from the main highway or county road. The beauty of the property mainly pertains to the vegetation and scenery. The character of the property refers mainly to its topography, for example: Is the parcel flat, rolling, steep, etc.

Elevation & Weather:
• WHAT IS THE AVERAGE ELEVATION OF THE PROPERTY?
The average elevation is approximately 5,600 feet.

• WHAT IS THE AVERAGE TEMPERATURE THROUGHOUT THE YEAR?

Zoning & Taxes:
• WHAT IS THE PROPERTY ZONED AND WHAT ARE THE PROPERTY TAXES FOR A PARCEL?
The zoning allows Residential/Recreational. The approximate annual property taxes are less than $112 per acre per year and are current.