500 and 503 Rose Petal Lane, Ellijay GA 30540 (Gilmer County)
Auction: Income Property, Land & Lots in Gilmer County

Sold for $140,250

500 & 503 Rose Petal Lane, Ellijay GA 30540 (Gilmer County)
Bidding Opens: Friday, February 24 at 2:00 PM ET
Bid Deadline: Tuesday, March 7 at 2:00 PM ET
Inspection for Rose Petal Lane: Friday, March 3 at 11:00 AM SHARP
Sale Manager: Amy Martin 404-734-3606 or Amy@AMCbid.com

This auction features a grouped bid extension - please see details in terms below.

2 Tracts on Opposite Sides of Rose Petal Lane Selling Together

• 2,568 SF Triplex clad in vinyl siding with central heating & air and simulated hardwood floors, built in 2003. PLEASE NOTE: Triplex is fully rented, please do not disturb the tenants.
• 1,200 SF Single Family Home clad in vinyl siding and built in 1940.This home is currently vacant but was previously rented for $500/mo.

3.15 Total Acres, Zoned R1
The Triplex is currently fully rented at $500, $500 and $550. The tenants have been in place since 2003, 2015 & 2016 and all have excellent payment history.

Gilmer County Tax Parcel# 3094 048
2016 Gilmer County Taxes Due $2,037.52

Terms: Bank Proof of Funds Required to Bid, 10% Buyer?s Premium added to winning bid to determine sale price, 20% Earnest Money Deposit, close by April 6, 2017. Buyer to pay all past due taxes and penalties.
Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.
All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.
This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.
With that in mind, don't wait out the bid until the last second, because the auction will remain open. Waiting it out can only put you at risk for not getting your bid in before the 5-minute clock runs out.

AMC GAL# 2503