Tract 2: 5± AC and Home

Property No.: 2402

Auction No.: 122

Starting Bid: $1,000.00

Property Details


Property Type:

Vacant Land

Auction Type:

Reserve

Address:

5991 Trudie Road

Patterson , GA 31557

County:

Pierce

Beds / Baths:

3.00/2.00

Year Built:

TBD

SqFt:

2378

Total Land Area:

5 Acres

Subdivision Name:

Lot No:

Tax Id:

Part of 069-056A & 069-056

Lat/Lon:

31.313038, -82.131445

Agent Details


Listing Agent Information

Mike Lansdell

Seven Hills Auctions

912.409.0925

mike@7hauctions.com


Buyer Agent Coop:

2% of High Bid (See Broker/Bidder Participation Form)

Closing Agent

Brad Folsom

Moore, Clark, Duval & Rodgers

2611 North Patterson Street

Valdosta, GA 31602

229.245.7823

Closing Date

30 Days from Binding Agreement Date

Deed Type

General Warranty Deed
Important Documents (Click Here)

 

TRACT 2: 5± ACRES WITH HOME

 

Open House: Saturday, December 7, 9:00 AM to 1:00 PM

 

A 10% Buyer’s Premium will be added to the final high bid price. Please review the terms and conditions of the sale prior to bidding.

 

This auction is a multi-parcel online only auction. Bids can be placed on individual tracts, combinations of tracts or the property as a whole. Prices bid are by the tract(s) and are not by the acre. Should all three tracts be sold in its entity to a single purchaser the property will be conveyed by existing legal description. In the event the property sells divided a final survey will be completed by Statewide Surveying Company, Douglas, GA. The cost of the survey will be paid by the purchasers at a rate of 30 cents per liner foot with common lines split 50/50 between adjoining purchasers, $400 minimum per tract. The acreage amounts shown are estimations that have been calculated using software by Statewide Surveying Company and are not field measurements. The final acreage may vary. No price adjustments will be made should the final ground survey acreage differ from what is shown.

 

 

The Walker Farm, located in Pierce County, GA, includes a 94.67± acre farm with a 100± year old farm house and barns. Just outside of Patterson, GA you will find this incredible property that has been in the Walker family since the early 1890’s and is rich with local history. The Walker family farmed tobacco, cattle and sugar cane for many years and was well known in the area. The original house was in the back of the property and was moved to the front of the property with a team of oxen after a panther was found stalking the home due to crying noises from a newborn baby. This building is still standing and was later used as a corn crib. There are several more buildings including a tobacco barn which most recently has been used to house equipment. The tool shed was formerly a syrup shed used to bottle and store cane syrup which was an important part of the families income for many years. A huge hay shelter and a livable cabin make up the remainder of the structures. The cabin has hot water, heat and air, power and septic and a porch on two sides. Along the nearly 1/2 mile of paved road frontage is a split rail locust fence dotted with crabapple trees every 20 feet. The main house sits on a 5 acre parcel that was planted with pecan trees and St. Augustine grass years ago. The balance of the property is wooded and includes an excellent stand of 30 year old longleaf pine that has been thinned three times. There are two water holes on the property which are spring fed and a hand dug shallow well in the back where the cane grinding operation used to be. This unique property has a 40 foot elevation change from front to back which adds to the great feel of this tract. Excellent deer, turkey and quail populations and habitat. The adjoining land to the southeast is a large tract of undeveloped timberland.

 

 

Terms and Conditions

 

The following Terms and Conditions apply to all properties offered in this auction. Seven Hills Auctions, LLC hereinafter “Auctioneer”, shall be construed to apply to all officers, principals, employees, agents and/or any other representatives hired or contracted with the Auctioneer. Anyone participating in the auction by registering for the auction, placing a bid or bidding on behalf of another person or entity with a Power of Attorney shall hereafter be referred to as a “Bidder”.

 

All Bidders are required at the time of registration to acknowledge that they have reviewed and accepted the Terms and Conditions. Additionally, by placing a bid the bidder is specifically acknowledging and accepting the conditions stated in these Terms and Conditions as well as the provisions in the Purchase and Sale Agreement.

 

Agency:  The Auctioneer is acting as an exclusive agent for the Seller in this transaction. The Auctioneer does not represent the Bidder.

 

Due Diligence: All information provided by the Auctioneer is deemed to have been obtained from reliable sources; however, the Auctioneer makes no representations or warranties to its accuracy. It is the Bidder’s responsibility to conduct his/her own site visit, necessary due diligence, inspections, as well as review and/or analyze each property prior to placing a bid. All sales are pursuant to the property being sold on an “as-is, where-is” basis, with no representations or warranties of any kind, expressed or implied by the Seller and/or Auctioneer.

 

Inspection: Each Bidder is encouraged to inspect the property prior to Bidding. When shown, contact the listing agent for scheduled inspection times or for an appointment. Where no listing agent is identified, contact the auctioneer for information on how to obtain access to a property. If a property is identified as “Occupied” contact the auctioneer or listing agent to see if times are available for inspection and do not disturb the tenant.   

 

Survey: Should all three tracts be sold in its entity to a single purchaser the property will be conveyed by existing legal description. In the event the property sells divided a final survey will be completed by Statewide Surveying Company, Douglas, GA. The cost of the survey will be paid by the purchasers at a rate of 30 cents per liner foot with common lines split 50/50 between adjoining purchasers, $400 minimum per tract. The acreage amounts shown are estimations that have been calculated using software by Statewide Surveying Company and are not field measurements. The final acreage may vary. No price adjustments will be made should the final ground survey acreage differ from what is shown.

 

Multi-Parcel Auction: This auction is a multi-parcel online only auction. Bids can be placed on individual tracts, combinations of tracts or the property as a whole. Prices bid are by the tract(s) and are not by the acre.

 

Buyer’s Premium: The successful bidder will be required to pay a buyer’s premium of 10% of the final accepted bid price. The buyer’s premium shall become part of the total purchase price in the Purchase and Sale Agreement.

 

Escrow Deposit & Contract Execution: The Purchase and Sale Agreement, wiring instructions and closing information will be emailed to the successful Bidder immediately following the ending of the auction or upon bid acceptance by the seller.  The successful bidder must within 48 hours execute the Purchase and Sale Agreement and remit an earnest deposit. The earnest deposit is calculated from the total purchase price (i.e. high bid amount plus the buyer’s premium). For properties with a total purchase price of $2,499 or less the full purchase price is due, for properties selling for $2,500 to $100,000 the greater of $2,500 or 20% is due, for properties selling for $100,001 to $200,000 15% is due and for properties selling from $200,001 or greater 10% is due.

 

Closing: All properties must close within thirty (30) days of the “binding agreement date”, unless otherwise stated in the Purchase and Sale Agreement. The “binding agreement date” is the date in which the last signatory party executes the Purchase and Sale Agreement. The closing will be conducted by the firm shown on the individual property specific web page at 7hauctions.com. All closing cost will be paid by the successful Bidder including, but not limited to, attorneys’ fees to prepare the closing documents and deed, closing coordination fee, title examination, transfer tax and purchaser’s legal fees. Taxes and property owner association dues will be prorated as of the date of closing.  Title Insurance will be available for purchase.

Broker Participation: Broker Participation is encouraged by the Auctioneer. A commission of 2% of the highest accepted bid (before adding a buyer’s premium) will be paid to any qualified licensed real estate broker that holds a current and valid license in the state where the property is located. Commissions will only be paid at closing. In order to qualify the broker must submit the Broker/Bidder Participation Form, prior to the bidder placing a bid or by 3:00 P.M. eastern time on the day preceding the auction, whichever comes first. UNDER NO CIRCUMSTANCE WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION.  A bidder is only allowed to be registered by one broker.

 

Non-Compliance: If a participant is the successful high bidder and fails to execute the Purchase and Sale Agreement and/or remit the earnest deposit with 5 days of the Purchase and Sale Agreement being delivered, the participant will be responsible for a Non-Compliance Fee of up to $5,000. This Non-Compliance Fee is a penalty for failing to abide by the Terms and Conditions of the auction. Auctioneer at its discretion shall charge the credit card on file or use any other means necessary to collect such fees. Any bidder that fails to execute a Purchase and Sale Agreement and/or remit an earnest deposit may also be prohibited from bidding on future auctions conducted by the Auctioneer. The Seller and Auctioneer, upon Non-Compliance by a bidder, reserves the right to immediately offer the property for sale.

 

Successful Bidder Default: A successful bidder that fails to close per the specific terms of the Purchase and Sale Agreement for any reason shall be required to release their earnest deposit to the Seller as nonexclusive liquidated damages as fully outlined in the Purchase and Sale Agreement.

 

Extended Bidding:  All online auctions include an EXTENDED BIDDING feature. If a bid is placed on any property within the last ten (10) minutes of the auction the ending time of the auction for ALL properties will be extended for ten (10) minutes. The bidding on ALL properties will remain open until no further bids have been placed on ALL properties for five (5) minutes.

 

Bid Increments: The bidding increments for all properties will be as follows:

 

Amount Up To                   Bid Increments

 

$2,500                                   $100

 

$10,000                                 $250

 

$50,000                                 $500

 

$100,000                              $1,000

 

$250,000                              $2,500

 

$500,000                              $5,000

 

$1,000,000                           $10,000                

 

$1,000,000+                        $25,000            

 

Technical Problems: The auction will be conducted using online bidding. Any technical problem that may arise from internet connectivity, hardware, software, human error, or any other such issue whether on behalf of the Bidder or Auctioneer may arise at any time without notice. In the event such technical problems arise, neither Auctioneer nor the Seller shall be responsible. Auctioneer, reserves the right to cancel, postpone and/or extend the bidding time in the event of such technical problems. Any actions the Auctioneer takes shall be final.

Additional Terms: All property is being sold “As-Is, Where-Is” with all faults and is selling subject to any existing restrictions, conditions, easements, zoning, property owners associations fees and all matters that may be reveled in a current survey, inspection and/or title examination. No warranty is expressed or implied as to the improvements, soil, environmental, wetlands, zoning or any other matters. The Auctioneer reserves the right to cancel the auction at any time, add properties or delete properties without notice. The seller reserves the right to reject any bid unless the property is selling “Absolute”. The Seller and their agents reserve the right to place bids on the property up to the Seller’s reserve. Any acceptance of a winning bid maybe rescinded by the Seller, in the seller’s sole discretion, for any reason prior to the Purchase and Sale Agreement being executed by the Seller, unless selling “Absolute”. Neither the Auctioneer nor Seller will be responsible for any omissions or errors related to this auction, these terms and conditions, the Purchase and Sale Agreement and/or the closing documents. All bidders shall carefully review, inspect, analyze, perform any test or other necessary due diligence prior to bidding. Bidders shall make their own determination as to the accuracy of any due diligence or information provided by the Auctioneer or Seller. No personal property will be conveyed unless specifically denoted in the Purchase and Sale Agreement. The terms of the Purchase and Sale Agreement shall prevail in the event of any inconstancies between the terms and conditions of the auction, announcements, communications by the Auctioneer and/or the Purchase and Sale Agreement. The Auctioneer is not responsible for any technical issues, missed bids or bids placed after the closing of the auction. The Auctioneer reserves the right, in its sole discretion, to revoke the bidding privileges of any bidder at any time for any reason.  

 

Seven Hills Auctions, LLC

 

 

 

GA/FL Broker: William C. Lee III (Firm: FL-CQ1057830; GA-77326)

 

Auction License: GA: AUC003134, FL: AB3765, AL:#5495

 

 

 

 

 

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