1.27 Acre Lake Lot - Sumter County
Property Address: 101 Rose Lane, Cobb, Georgia 31735
Auction Date: Tuesday, June 21st, 2022 @ 2:00 pm
Property Inspection: Monday, June 20th, 2022 @ 3pm – 6pm
County: Sumter County, Georgia
Assessor’s Parcel Number: 1522A 193 20
Important Selling Features:
- 1.27 Acre Lake Lot
- 9 Miles from Cordele and 15 Miles from Americus
- Boat Ramp Across the Street at Lakeshore Marina
- Golf Cart Friendly
- 3 Miles to Georgia Veterans State Park
- Fire Hydrant on Property
- 2 Miles from Volunteer Fire Station
- Cult De Sac Subdivision
- Minimum Home Requirement is 1,300 Sq. Ft.
- Short Distance to Restaurants and Bars
- Georgia Veterans Memorial Golf Course
- No Flood Zone
- 1 Mile from Dollar General and Stripling’s General Store
- KOA and Campgrounds Close by
- Historic SAM Shortline Excursion Train / Thomas the Train
- Pecan Orchard Across the Street Pecan Trees on Property
Detailed Property Description: This beautiful 1.27 acre lake lot is located in the Rose Landing Subdivision right off the main lake in a cove (500 Ft. to main water) and is ready to build your dream home! Minimum Home requirement is 1,400 Sq. Ft. You are 9 miles from Cordele and 15 miles from Americus with plenty of dinning and shopping around! Conveniently located near Georgia Veterans State Park which boasts the Georgia Veterans Memorial Golf Course, Marina at Lake Blackshear, Cypress Grill, Cordelia’s, 88’s Lakeside Bar & Lounge, SAM Shortline Train, Military Museum, Archery and Air Rifle Range, Beach area, and much more!! You are also close to Lakeshore Marina / RV Park.
Property Taxes: $505.09 (2021)
GPS Coordinates: 31° 57' 47"N 83° 56' 33"W
Driving Directions: From Georgia Veterans State Park head west on Ga Veterans Rd (0.7mi). Turn right at Cannon Rd (0.8mi). Turn left onto US-280 W (1.8mi). Turn right onto Rose Ln. and destination is on your left. “Watch for Auction Signs!”
For More Information Contact:
Jimmy Fitzpatrick
Weeks Auction Group
(229) 221-9209
Jimmy@BidWeeks.com
Online Only Auction Real Estate Bidding Terms and Conditions
Please Read the following terms carefully. By registering for this auction, you acknowledge that you have read and understood all terms and conditions herein and set forth within the supporting documentation described in the terms and that you have inspected the property or had the opportunity to do so.
If you do not agree to these terms, please DO NOT bid!
The property will be offered for sale through Wiregrass Auction Group Online Bidding Platform.
Bidder Registration and Verification:
For verification purposes, a credit card is required in order to register for this auction. Upon registering, an authorization charge of $1,000.00 will be charged against the credit card used for registration. This authorization is not a permanent charge placed on your card, it is only a pre-authorization used to verify identity of our bidders and the availability of funds on the credit card used for registration. Please be advised that WAG has no control over the length of time the verification charge remains on your card, that is at the sole discretion of your credit card company. Also, please be aware that registering for multiple auctions could incur multiple verification charges; and in some instances, multiple verification charges may result in a fraud alert being sent to the card holder. WAG reserves the right to reject or accept bidder registrations at its sole discretion.
Terms of Sale:
At the close of the auction, successful bidders will be emailed a contract package. Included in the contract package will be the purchase contract as well as instructions for submitting your earnest money deposit. The required earnest money deposit required is stipulated in the Contract for Sale.
Bid Increments:
The Bid Increments will be as follows:
Amount Up to: | Bid Increments |
$10,000 | $500 |
$50,000 | $1,000 |
$100,000 | $2,000 |
$250,000 | $5,000 |
$500,000 | $7,500 |
$500,000+ | $10,000 |
WAG reserves the right to adjust bid increments as needed.
Scheduled Auction End Times:
The Auction is scheduled to end at the published end time, subject to auto-extend bidding. Each time a bid is placed on any property included in this auction, with the clock showing less than 10 minutes, the clock will reset to 10 minutes for the entire auction. In the event the auto-extend time needs to be reduced, WAG reserves the right to adjust the auto-extend, as needed
Buyer’s Premium:
A 10% Buyer’s Premium will be added to the bid price for each property to determine the final contract price. For example, if your final bid price is $100,000, 10% ($10,000) will be added, resulting in a total contract price of $110,000.
Contract for Sale:
This property is offered under the specific terms provided in the Contract for Sale. The Contract for Sale is available for review at www.WiregrassAuctionGroup.com. Please fully read and review the Contract for Sale prior to bidding. If you have any question or concerns to anything included in the Contract for Sale, please contact WAG prior to bidding. Please do not bid prior to reviewing the Contract for Sale Document.
As Is, Where Is:
All property is selling “As-Is, Where Is” with all faults. It is the buyer’s responsibility to conduct any and all inspections and perform all acts of due diligence deemed necessary before bidding. Placing a bid will be considered as acceptance of the property in it’s as-is condition.
Bidder Default:
In the event a winning bidder fails to submit the signed Contract for Sale and/or earnest money deposit as specified in the terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at registration. All administrative fees are non-refundable.
Bid Cancellation: Wiregrass Auction Group, Inc. reserves the right to remove or cancel the bids and bidding privileges of the party at any time that bids or bidding is deemed to not be in the best interest of the seller.
Earnest Money Deposit:
Upon the close of the auction, successful high bidders will be required to submit the required earnest money deposit as stipulated in the Contract for Sale. The successful bidder, will have 24 hours to send the earnest money in the form of Wire Transfer or Cashier’s Check.
Real Estate Closing:
With timing being of the essence, each contract will be a cash contract, not contingent or subject to financing, appraisal, or survey, as described in the Contract for Sale. Closing will take place no more than 30 days from the end of the auction as stipulated in the Contract for Sale. The Buyer will be responsible for all closing costs and the transaction will be conducted by the closing attorney specified in the Contract for Sale.
Agency Disclosure:
Wiregrass Auction Group, Inc. herein after WAG is acting as agent for the seller and at no time is WAG responsible for, acting on behalf of, or acting as agent for the buyer. Full agency disclosure will be acknowledged by both seller and buyer on the Agency Disclosure form attached as Exhibit “C” on the Contract for sale.
Disclaimer:
Wiregrass Auction Group, Inc believes all information contained herein to be correct to the best of our knowledge. All information is being furnished to bidders solely for the bidder’s convenience and it is always the responsibility of the bidders to determine the accuracy and completeness of all information. Reliance on information provided is solely at the risk of the recipient. Bidders should always conduct their own due diligence, inspections, and investigations prior to bidding. Bidders needing assistance should seek necessary assistance prior to placing a bid.
Disclosure:
As detailed in Rule 55-10-.01 (3) of the Georgia Auctioneers Commission: Any auction sale is, without requirement of announcement at any time, presumed to be with reserve unless the property are in explicit terms put up at absolute auction. According to Rule 55-10-.01 (4)(b) Wiregrass Auction Group and our sellers hereby give notice that bids may be made by the seller, or upon the seller’s behalf, at any auction with reserve.
