Cedar City Residential Lots (PS 8578)

Closing Costs:

These costs cannot be financed and are in addition to the 10% down payment.  All closing costs are due from the prevailing bidder at the auction.

Appraisal Costs: $1,500.00
Cultural Resources Survey: $2,000.00
Environmental Survey: $2,750.00
Legal Advertising Cost: $575.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $7,575.00

Legal Description:

  • 55 North 200 East, Cedar City, Utah Plat #B-0802-0002-000
  • 67 North 200 East, Cedar City, Utah Plat #B-0801-0802-0002

Location:

Located in the town of Cedar City, Utah in Iron County

Access:

The parcels have access from a city street (200 East) in Cedar City.

Other:

These are two adjoining residential lots in Cedar City. The lots will be offered together as one parcel. They currently have an older home on each one. The property will be sold “as is”, but the homes can be demolished and cleaned up for future use and/or resell as vacant lots. The lots are in a great location for residential development including multi-family development opportunities.  

Acreage:

0.58 acre, more or less

Water:

Cedar City water and sewer are available.  Potential purchasers should contact Cedar City public works for details.

Utilities:

All utilities are available.  Potential purchasers should contact Cedar City and the utility companies for details.

Zoning:

RM3 (Residential 3 Unit Multi-Family)

Financing:

Financing will be offered for this parcel.  A down payment of 10% and closing costs will be due at the auction.  The remaining balance can be financed at a variable rate of prime plus 2.5% for up to a 20 year term.

(Occupancy of the current homes will not be allowed until the property is paid in full.)

Mineral Leases:

None

Surface Leases:

None

Cultural Resource Covenant:

There are no archaeological site(s) being protected by deed covenant.

Disclosures:

  1. Please see the auction page for general disclosures and auction procedure information which pertains to all properties being offered at the auction.
  2. The property will be conveyed subject to all valid existing rights.
  3. All minerals, except the sand and gravel are reserved.
  4. The property will be sold “as is” with all existing structures, infrastructure, and improvements included. Potential buyers are encouraged to do their own due diligence regarding this property and the included fixtures.
  5. Occupancy of the current homes will not be allowed until the property is paid in full.
  6. Other disclosures, if any, will be announced at the auction.

Diane Lund
Assistant Managing Director, Surface; Land Sales Coordinator

Contact Us

General contact us form.