Auction of Residential Lot in Chatsworth, GA & Home in Murphy, NC

Selling Online Only

  •   Wednesday, April 19, 2017 @ 1:00pm (Start)
  •   Wednesday, April 26, 2017 @ 1:00pm (End)
  •   Add to Calendar
#101
3.14± Acre Residential Lot in Chatsworth, GA (Murray County)
77 Summit Pass, Lot 3, Chatsworth, GA 30705
Selling Online Only - Minimum Bid $32,000
Bidding Opens: Wednesday, April 19 at 1:00 PM ET
Bid Deadline: Wednesday, April 26 at 1:00 PM ET
Inspection: Contact Sale Manager for Inspection Instructions
Sale Manager: Jeb Howell 770-841-9924 or Jeb@AMCbid.com
 
This tree lined 3.14± acre long rectangular residential lot is located in The Summit at Fort Mountain private mountain community. The development is gated with remote access control, streetlights, and underground utilities with an annual HOA assessment of $400. It is located less than 3 miles from Fort Mountain State Park, including a 17 acre lake, seasonal swimming beach, picnic shelters, playground, horseback riding, hiking trails, camping and more. With flat to downward sloping topography, a home built on this lot could have a panoramic view of the Chattahoochee National Forest and Blue Ridge Mountains.
 
Located approximately 9 miles from downtown Chatsworth, 15 miles from Ellijay, 20 miles from Dalton, 50 miles from Chattanooga, 75 miles from Marietta or Roswell, and 95 miles from downtown Atlanta, this gated mountain community is easily accessible and would make a great weekend or full-time home.
 
Zoned Single Family Residential
Property Tax Class R-4
Tax Parcel # 0103D 005
2016 Estimated Murray County Taxes $320.18
Legal Description: LOT 3 THE SUMMIT S/D PHASE II
 
TERMS: Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine Purchase Price, EM Deposit of 20% of purchase price, close by May 25, 2017.
The bid deadline for the asset is Wednesday, April 26, 2017 at 1:00 PM ET. Any bids placed within 5 minutes of the deadline will extend the deadline for 5 minutes. The bidding continues until 5 minutes pass with no additional bidding. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.
 
AMC GAL#2503
 
 
#103
2,040±SF Home on 3± Acres in Murphy, NC (Cherokee County)
12020 NC Hwy 294, Murphy, NC 28906
Selling Online Only - Minimum Bid $32,000
Bidding Opens: Wednesday, April 19 at 1:00 PM ET
Bid Deadline: Wednesday, April 26 at 1:00 PM ET
Inspection: Saturday, April 22 at 12:00 PM ET SHARP
Sale Manager: Jeb Howell 770-841-9924 or Jeb@AMCbid.com
 
Located off NC HWY 294 in the Shoal Creek rural neighborhood, west of the Murphy township, this 4 bedroom house sits on the front of a 3± acre rectangular wooded parcel. Built in approximately 1960 and possibly remodeled in 1980 the 2,040±SF split-level house has a concrete block and wood panel exterior, a corrugated metal roof, and a partially finished basement studio. The main floor includes two bedrooms, a full bathroom, a basic kitchen, living room, dining room, and sits on a crawl space. The additional two bedrooms are upstairs, above the basement, with partial full height and part angled ceilings. The unfinished attic space looks to include a propane gas furnace and ductwork, but according to the Cherokee County appraisal there is no air conditioning system. However, a site visit revealed an air conditioning unit on the back side of the house. The Cherokee County appraisal also shows a 2 bedroom, 1 bathroom, estimated 820±SF manufactured single-wide mobile home located on the parcel that was built in approximately 1980. There was no mobile home found on the parcel, but there was a 2 horse stall barn structure located on the back of the parcel. It appears that the basement area was last used as a roadside ceramic shop and studio. There also appears to be an easement for a driveway along the west edge of the parcel that leads to the parcel behind the subject property.
 
The house and parcel have public electricity, propane gas, private well and septic, which is typical for the area.
 
There are no zoning ordinances for property outside of the city limits of Murphy, but the area is predominantly single family residential.
 
Tax Parcel # 4524-00-12-6990-000
2016 Cherokee County Taxes: $591.29
 
 
TERMS: Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine Purchase Price, EM Deposit of 20% of purchase price, close by May 25, 2017.
The bid deadline for the asset is Wednesday, April 26, 2017 at 1:00 PM ET. Any bids placed within 5 minutes of the deadline will extend the deadline for 5 minutes. The bidding continues until 5 minutes pass with no additional bidding. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.
 
 
AMC NCAL#7403
TERMS FOR CHATSWORTH, GA ASSET:
AUCTION REGISTRATION: In order to register for the auction, you must have pre-inspected the property and must confirm that you have done your own inspection prior to registration. You must provide proof of funds from your bank showing sufficient funds to cover the required 20% earnest money down payment in order to obtain a bid number. This may be accomplished by faxing the proof of funds to 770-980-9383 or emailing to info@amcbid.com  in advance of the auction. Proof of funds consists of a copy, fax, or scanned pdf of a current bank statement in bidder’s name showing sufficient funds for earnest money deposit. If you are unable to provide these in advance, please contact the auctioneer for instructions.
 
AUCTION INFORMATION & OFFICES: All available material and updates are posted to www.AMCbid.com. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 770-980-9565, or by visiting our website.
 
BROKER PARTICIPATION INVITED: Unless noted otherwise in property listing or herein, a broker commission of two (2%) of the Winning Bid will be paid on real estate.  A commission will only be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery using the Broker Registration/ Opening Bid form posted to the website for the property listing prior to bidder registration. The registration form must be signed by the prospect and the Broker, and must be received at an office of Auction Management Corporation no later than 5:00 PM two (2) days prior to each bid deadline via fax or mail. In no case will a broker registration be accepted after a bidder has registered. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.
 
CONDUCT OF THE AUCTION: Register to bid at our website at www.AMCbid.com . Online bidding will begin one week prior to the auction. The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer.
 
TERMS OF SALE FOR REAL ESTATE: Winning bidders will pay an earnest money deposit of twenty (20%) of the Purchase Price (bid amount plus Buyer’s Premium). Upon conclusion of the bidding, Buyer will sign an Auction Purchase and Sale Agreement (“PSA”), and must submit earnest money deposit in the form of a wire transfer to seller-designated escrow agent (See Auction Purchase & Sale Agreement). The earnest money deposit is non-refundable.
 
Closing must occur no later than Thursday, May 25, 2017 unless extended in writing by mutual consent of the parties. Buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit. Buyer shall execute an Auction Purchase and Sale Agreement for the property immediately after being declared the successful bidder by auctioneer. A form Auction PSA is available at our website and at the auction site prior to the auction. The Auction PSA which Buyer must sign at the auction contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. All payments (i.e., Earnest Money, Closing Funds) must be in the form of wire transfer only.
 
BUYER’S PREMIUM: Property will be sold with a Ten (10%) percent Buyer’s Premium. The bid amount plus Buyer’s Premium equals the final Purchase Price. For example: A $100,000 bid, plus the 10% ($10,000) Buyer’s Premium, equals the $110,000 final Purchase Price.
 
GROUPED EXTENSION: This auction uses the grouped extension bidding feature. All lots in this auction have been placed in an extension group. Any bid within the last five minutes of bidding for an auction lot that causes an automatic extension of bidding on that auction lot and on ALL auction lots in that group. When 5 minutes passes with no more bidding, bidding on all assets in that group will close simultaneously, with high bidder on each asset being declared the winner.
 
PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.
 
AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at (770) 980-9565.
 
TAX EXCHANGE: Sellers and Purchasers agree that certain Sellers may effectuate 1031 Tax Exchanges on assets sold. Buyers will agree to cooperate and execute necessary documents to enable Sellers to consummate said transactions.
 
EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.
 
BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Auctioneer reserves the right to convert the bidding platform from an online to an onsite bidding platform if no bidders register and submit required bid deposit by the online bidding deadline. Personal on-site inspection of the property is strongly recommended. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Limited Warranty Deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; and (3) Prorated property taxes and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, loan closing costs, and closing attorney fees are at the expense of the Buyer. Sale shall be closed at the offices of Seller’s Designated Closing Agent (“Closing Agent”), as noted in Auction Purchase & Sale Agreement, or as announced at the auction.
 
Closing costs shall be paid in accordance with the Auction PSA, posted to the website.
 
Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through.
 
 
TERMS FOR MURPHY, NC ASSET:
AUCTION REGISTRATION: In order to register for the auction, you must have pre-inspected the property and must confirm that you have done your own inspection prior to registration. You must provide proof of funds from your bank showing sufficient funds to cover the required 20% earnest money down payment in order to obtain a bid number. This may be accomplished by faxing the proof of funds to 770-980-9383 or emailing to info@amcbid.com  in advance of the auction. Proof of funds consists of a copy, fax, or scanned pdf of a current bank statement in bidder’s name showing sufficient funds for earnest money deposit. If you are unable to provide these in advance, please contact the auctioneer for instructions.
 
AUCTION INFORMATION & OFFICES: All available material and updates are posted to www.AMCbid.com. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 770-980-9565, or by visiting our website.
 
BROKER PARTICIPATION INVITED: Unless noted otherwise in property listing or herein, a broker commission of two (2%) of the Winning Bid will be paid on real estate.  A commission will only be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery using the Broker Registration/ Opening Bid form posted to the website for the property listing prior to bidder registration. The registration form must be signed by the prospect and the Broker, and must be received at an office of Auction Management Corporation no later than 5:00 PM two (2) days prior to each bid deadline via fax or mail. In no case will a broker registration be accepted after a bidder has registered. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.
 
CONDUCT OF THE AUCTION: Register to bid at our website at www.AMCbid.com . Online bidding will begin one week prior to the auction. The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer.
 
TERMS OF SALE FOR REAL ESTATE: Winning bidders will pay an earnest money deposit of twenty (20%) of the Purchase Price (bid amount plus Buyer’s Premium). Upon conclusion of the bidding, Buyer will sign an Auction Purchase and Sale Agreement (“PSA”), and must submit earnest money deposit in the form of a wire transfer to seller-designated escrow agent (See Auction Purchase & Sale Agreement). The earnest money deposit is non-refundable.
 
Closing must occur no later than Thursday, May 25, 2017 unless extended in writing by mutual consent of the parties. Buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit. Buyer shall execute an Auction Purchase and Sale Agreement for the property immediately after being declared the successful bidder by auctioneer. A form Auction PSA is available at our website and at the auction site prior to the auction. The Auction PSA which Buyer must sign at the auction contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. All payments (i.e., Earnest Money, Closing Funds) must be in the form of wire transfer only.
 
BUYER’S PREMIUM: Property will be sold with a Ten (10%) percent Buyer’s Premium. The bid amount plus Buyer’s Premium equals the final Purchase Price. For example: A $100,000 bid, plus the 10% ($10,000) Buyer’s Premium, equals the $110,000 final Purchase Price.
 
GROUPED EXTENSION: This auction uses the grouped extension bidding feature. All lots in this auction have been placed in an extension group. Any bid within the last five minutes of bidding for an auction lot that causes an automatic extension of bidding on that auction lot and on ALL auction lots in that group. When 5 minutes passes with no more bidding, bidding on all assets in that group will close simultaneously, with high bidder on each asset being declared the winner.
 
PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.
 
AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at (770) 980-9565.
 
TAX EXCHANGE: Sellers and Purchasers agree that certain Sellers may effectuate 1031 Tax Exchanges on assets sold. Buyers will agree to cooperate and execute necessary documents to enable Sellers to consummate said transactions.
 
EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.
 
BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Auctioneer reserves the right to convert the bidding platform from an online to an onsite bidding platform if no bidders register and submit required bid deposit by the online bidding deadline. Personal on-site inspection of the property is strongly recommended. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Limited Warranty Deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; and (3) Prorated property taxes and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, loan closing costs, and closing attorney fees are at the expense of the Buyer. Sale shall be closed at the offices of Bill McKeever, 203 Peachtree Street, P. O. Box 491, Murphy, NC  28906, (828) 837-0162 (“Closing Agent”), as noted in Auction Purchase & Sale Agreement, or as announced at the auction.
 
Closing costs shall be paid in accordance with the Auction PSA, posted to the website.
 
Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through.