BANKRUPTCY CASE #16-21136-JRS
AUCTION
42 Waterside Court, Ellijay, GA  30536  
SELLING ONLINE ONLY
AUCTION BID DEADLINE: Thursday, September 6th @ 11 AM EST

ASSET DESCRIPTION:  Per the Gilmer County Tax Assessor, the property consists of an 8,652+/- sq. ft. home on a 3.07+/- acre wooded lot (Parcel #3116B-001).  This craftsman style home is in the gated Georgian Highlands Community.  This large 3 level home has 5 bedrooms, 4 full bathrooms, 2 half bathrooms, 2 kitchens, library, stacked stoned fireplace in family room, 3 car garage, breakfast room and dining room.  The finished basement contains a large entertainment area, lap pool, sauna, bar and movie room.  The backyard features a fire pit area and a flowing creek with cascading waterfall.  In addition, the property will be sold with an adjoining 3.96+/- acre lot (Parcel #3116C-005).  The total acreage being offered totals 7.03+/- acres.

IMPORTANT HOA INFORMATION: Annual HOA fees are $600.00 per year for an improved lot and $480.00 per year for an unimproved lot.  These fees cover general maintenance of the common properties, upkeep of gates and gate house, garbage disposal and other minor expenses (community website / www.GeorgianHighlands.org, etc.).

INSPECTION: Please contact Auctioneer for instructions. 

REGISTRATION & BIDDING: Online registration and bidding to start on August 27th.

TERMS: Please click the "Documents" tab for General Terms and Conditions.

BUYER’S PREMIUM: There is NO buyer's premium for this auction.

SALE MANAGER: For more information, please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com.
Bullseye Auction & Appraisal, LLC, 500 Pike Park Drive, Suite F, Lawrenceville, GA 30046 GAL# 2643 GAL# 3575 & GAREFL# 66940

AUCTION TERMS AND CONDITIONS

AUCTION LOCATION & TIME: Auction location and time will be posted on the individual website posting.

INSPECTION: Bidders are encouraged to make their own inspections prior to bidding. Please contact Auctioneer for instructions on how to inspect property.

AUCTION REGISTRATION: Registration for on-site auctions will begin one hour before the scheduled auction. For online auctions, please view individual auction posting on website for registration instructions.

AGENCY: Bullseye Auction & Appraisal, LLC is acting exclusively as agent for the seller.

TERMS: Unless otherwise noted on the website, the winning bidder will submit a non-refundable ten percent (10%) earnest money deposit of the purchase price made payable to Albert F. Nasuti, Chapter 7 Trustee.  Immediately following the auction, winning bidder will sign an “as-is” Auction Real Estate Sales Contract. A copy of the Auction Real Estate Sales Contract may be reviewed prior to the auction. Please contact Auctioneer for a copy.

CLOSING: Unless otherwise noted, balance of the purchase price is due within 30 days of Auction Real Estate Sales Contract acceptance.

CLOSING ATTORNEY: Closing to occur at the offices of the Seller Designated Attorney. Buyer is responsible for all closing fees charged
by Seller Designated Attorney.

BUYER’S PREMIUM: There is no Buyer’s Premium being charged for this auction.

AUCTIONEER’S AUTHORITY: Bid increments are at the discretion of the Auctioneer. Auctioneer shall make the final decision as to the final high bid amount and winning bidder.

FINANCING: Financing is NOT a contingency to the Auction Real Estate Sales Contract. Bidders are encouraged to make have all necessary financing in place prior to registering for the auction.

INSURABLE TITLE: Unless otherwise noted and announced at the auction, Auction Real Estate Sales Contract is contingent upon Sellers
ability to convey insurable title.

SPECIAL NOTE: Property is selling “as-is, where is” with all faults and is selling subject to easements, leases, restrictions, zoning, covenants, conditions and all other matters revealed by a survey or by inspection of the property or contained in public records. Real property to be conveyed by limited, trustee or special 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, tax stamps, loan closing costs, and closing attorney fees are at the expense of the Buyer. Unless noted otherwise, Buyers pay all closing fees charged by closing attorney.  Although every precaution has been taken to ensure the accuracy of all printed and announced information, neither the seller, Bullseye Auction and Appraisal, LLC, nor their agents will be responsible for any errors or omissions herein. Bidders are encouraged to carefully inspect the property and information before registering for the auction and placing a bid. Auctioneer reserves the right to add or delete any property prior to the
scheduled auction date. Announcements made on the day of the auction take precedence over all advertising.

SALE MANAGER: Please view individual website posting.