Outside Area (inside Ca), CA 92338,551181 04 Bagdad Chase RD
Outside Area (inside Ca), CA 92338,551181 04 Bagdad Chase RD
Outside Area (inside Ca), CA 92338,551181 04 Bagdad Chase RD
44
$1,500,000
$2,799,000
46.4%
Est.Price: ?

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484 Acres Lot

551181 04 Bagdad Chase RD Outside Area (inside Ca), CA 92338

Est. payment /mo
SOLD DATE : 08/25/2020

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Key Details

Sold Price $1,500,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 511549

Sold Date 08/25/20

HOA Y/N No

Lot Size 484.000 Acres

Property Description

*** Come VIEW and MAKE an OFFER TODAY ! Incredible mining opportunity located in Ludlow, CA. For millions of years magmatic flows created this amazing collection of real estate. The Bagdad Chase Mine offers nearly 500 acres, and approximately 3000 acres of mining claims that contain IOCG Breccia Systems. These Breccia Systems are colorful deposits of mineralized Iron Oxide Copper-Gold. Originally intended as a GOLD mine, the 1987 Wright Engineers Evaluation Report attached to this listing shows the current proven and probable reserves of 826,388 tons grading 0.148 oz Au/ton with the potential of generating 122,000 oz of GOLD. Multiply that by the current per-ounce-price and we are looking at the possibility of a 9-figure revenue stream. Another great use for the site would be a colorful gravel QUARRY. With water conservation on the rise, rock-scapes will be in high demand. The aggregate rock produced from the mining process has many vibrant shades of gravel ideal for landscaping. Whether you are interested in mining minerals, setting up a quarry, or both the Bagdad Chase Mine has the potential of generating lucrative cap rates. Other highlights include: 260 Foot Well, Ownership of Bagdad Chase Rd, RAILROAD Right of Way, Existing Mine Shafts, and a RICH history with President Roosevelt signing some of the original deeds. Access Type: Private Access # of RV Spaces: 0 Zoning Description: Industrial Lot Location Type: Other Development Status: Other Easements: See Map of Record Frontage Type: Dirt Road Miscellaneous: Build to Suit Utility Adjc to Site: Water # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0

Location

State CA

County San Bernardino

Interior

Fireplace No

Exterior

Utilities Available Sewer Not Available

View Y/N Yes

View Desert, Valley

Building

Lot Description Horse Property, Level, Rolling Slope

Sewer None

Water Well

Others

Tax ID 0551181040000

Acceptable Financing Cash, Cash to New Loan, Submit

Horse Property Yes

Listing Terms Cash, Cash to New Loan, Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Connolly • CPI Capital Properties
Bought with Ivan Nyal • CPI Capital Properties

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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