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Seeking Guaranteed bid for Stunning Newport, CA property

Asset Details

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Asset Description

The Internal Revenue Service is seeking prospective purchasers of real property in order to redeem* and sell the property located at 10 Kingsport Dr, Newport Coast, CA 92657-1501.

Description of Property: 10 Kingsport Dr is a single-family residence with 6,339 square foot living area on a .34-acre lot with 4 bedrooms and 4 and 1/2 bathrooms. Comparable sales at the Newport Coast are estimated to average $1,790.72/Sq. Ft.

Asset Address
10 Kingsport Dr
Newport Coast, 92657-1501 CA
United States
Driving Directions and Geolocation

First Time Bidder?

Welcome First-Time users!  This section is designed to provide clarity and explanations for newcomers, offering a comprehensive breakdown of our terms to ensure an informed onboarding experience.

Asset Info

Notice Information
The Internal Revenue Service is seeking prospective purchasers of real property in order to redeem* and sell the property located at 10 Kingsport Dr, Newport Coast, CA 92657-1501.

Minimum Bid: The minimum acceptable bid for the property is $7,273,000.00. A $1,454,600.00 deposit (20%) is required to submit an Agreement to Bid and must be received no later than June 12, 2026.

Minimum Bid
0.00
Mail-in Bid Form
Sale Location
Terms of Sale
The property is offered for sale “as is” and “where is” and without recourse against the United States. The United States makes no guarantee of condition of the property, or its fitness for any purpose. The United States will not consider any claim for allowance or adjustment or for the rescission of the sale based on failure of the property to comply with any expressed or implied representation.
Form of Payment
The deposit should be made payable to the “United States Treasury Department” in the form of a cashier’s check or certified check, a bank or postal money order, a certificate of deposit, or an irrevocable letter of credit.
The Terms of Payment
To redeem the property under (Section 7425(d) of the Internal Revenue Code or Section 2410 of Title 28 of the United States Code), the Internal Revenue Service must obtain a written agreement to bid, secured by a deposit of 20% of the amount of the bid. The deposit should be made payable to the “United States Treasury Department” in the form of a cashier’s check or certified check, a bank or postal money order, a certificate of deposit, or an irrevocable letter of credit. If redeemed, the property will be sold pursuant to Section 7506 of the Internal Revenue Code subject to any prior outstanding mortgages, encumbrances, or other liens that may be superior to the lien of the United States. Agreements to bid must be accompanied by the required deposit.
Contact Information

J. Danieles
Internal Revenue Service
290 N. D St. Mail Stop 4444
San Bernardino, CA 92401
United States

Contact Phone Number
909-388-8153

Additional Details

Disclaimer
This is an information notice only regarding a sale being conducted by the Internal Revenue Service.
Title Offered
Only the right, title, and interest of <name>, in and to the property will be offered for sale. If requested, the Internal Revenue Service will furnish information about possible encumbrances, which may be useful in determining the value of the interest being sold. See "Nature of Title" for further details.
Property May Be Inspected at
Drive-By Only