WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
1101 and 1103 Hudson Rd., Warm Springs , GA 30084 (Meriwether County)
68.4± Acres in 2 tracts with Restored Farmhouse and Custom Log Cabin & Outbuildings
Land includes fenced pastures and hardwoods.
Sealed Bid Auction
Bids Due by Thursday, February 27 at 2:00 PM
Inspections:
Sunday, February 16 from 2:00PM - 4:00PM
Sunday, February 23 from 2:00PM - 4:00PM
Please contact us to schedule an appointment.
All showings are by appointment only- including inspection dates.
Sale Manager: Amy Martin, 404-734-3606 or Amy@AMCbid.com
Property Description:
Dream under stars you can actually see at this beautiful secluded getaway with rustic charm yet fully updated and ready to farm, pasture or create your own dream only minutes from Callaway Gardens and Warm Springs and only one hour from the Atlanta airport.
The main home is a 2,240±SF two-story 3BR/ 1BA farmhouse originally built circa 1850 with updates including a new metal roof, a new Trane 3-ton AC/Furnace and ductwork, new propane water heater, new water tank and new septic with lines - all installed in 2018.
The 2BR/ 1.5BA approximately 1,200±SF log cabin was constructed in 2006 with its own well, electric meter and private entrance, central heating and air conditioning, hardwood floors, covered carport, back patio, and front porch. Septic was pumped in 2018. Property has a barn, a feed barn, hay shed and several outbuildings including an art studio and playhouse with electricity.
Additionally, there are approximately 10± open acres and 8± acres of pasture. Walking trails have been established through the hardwoods and pines over the gently rolling topography.
Each home has separate electric meters, septic, and water wells and each has a private entrance.
Meriwether County PIDs# 1371125002 and 1371125002A
2019 Taxes were $1881.19 (with CUVA) and $1184.66, respectively.
The 66± acre tract is currently under a Conservation Use Value Assessment (CUVA) exemption established in 2012.
Purchaser must assume CUVA or pay all penalties for breach of covenant. See document section for page with detailed description of requirements.
Terms: The home and property will be sold as-is, where-is with no reps or warranties.
10% Buyer’s Premium will be added to the winning bid to determine sale price, 10% Earnest Money deposit due upon completion of the auction, purchaser will sign as-is contract and close in 30 days.
Financing is allowed but will not be a contingency of sale.
Brokers welcome! Broker Co-Op fee equivalent to 20% of AMC commission paid to qualified agents. Broker registration form, available on our website must be received 48 hrs prior to auction. A Broker cannot act as a principal and a broker on the same transaction. See terms for details.
PRE-AUCTION OFFERS: Must be on cash terms using auction contract posted on our site and must be submitted to Auctioneer no later than 48 hours prior to the auction. If we receive an acceptable offer before the auction Auctioneer will contact all registered bidders to acknowledge such and give all interested parties a 3-day window to submit offers. In the case that a higher offer is received the extension clock will reset for three days. This extension will continue until no better offers are received. In the case of an accepted pre-auction contract, the closing will be set no later than 30 days from the date of a fully executed PSA(auction contract). All contracts must be accompanied with a 10% earnest money deposit wired to the Escrow agent within 24hrs.
Transfer will be by Limited Warranty deed. Seller is providing insurable title.
You may have the home inspected at your own expense. We will be glad to meet your inspector to accommodate access.
CLOSING: Closing is to occur at the offices of Mimi McCain, Esq. (678) 606-9868 GANEK WRIGHT MINSK PC at 675 N. Highland, Suite 400 Atlanta, Georgia 30306.
AMC GAL#2503
