Notice of Sale Under Power
Foreclosure Auction
4242 Highway 197
Clarkesville, GA 30523
Bidding Starts at $3,000,000
Tuesday, July 1, 2025 @ 10 AM EST
ASSET DESCRIPTION: 5 Bedroom, 4.5 Bath home with +/- 3,112 SF plus two-story boathouse with fireplace and kitchenette. Panoramic views throughout the home and the boathouse!
A LEASEHOLD INTEREST IN AND TO AND ALL IMPROVEMENTS LOCATED ON ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 105 OF THE FIFTH LAND DISTRICT OF RABUN COUNTY, GEORGIA, BEING GEORGIA POWER COMPANY LEASE LOT 2202, AREA 9 OF LAKE BURTON RECREATIONAL DEVELOPMENT CONTAINING 2.43 ACRES AS MORE PARTICULARLY DESCRIBED UPON THAT CERTAIN PLAT OF SURVEY PREPARED BY T. LAMAR EDWARDS, GEORGIA REGISTERED LAND SURVEYOR NO. 1837, DATED OCTOBER 22, 2008 AND RECORDED IN PLAT RECORDS 60-262, CLERKS OFFICE, RABUN SUPERIOR COURT. REFERENCE IS HEREBY HAD AND MADE TO SAID PLAT OF SURVEY FOR THE PURPOSE OF INCORPORATING SAME HEREIN FOR A DESCRIPTION OF THE PROPERTY HEREIN CONVEYED. THE PROPERTY HEREIN CONVEYED IS SUBJECT TO THAT PORTION OF SAME LYING AND BEING WITHIN THE RIGHT-OF-WAY OF STATE ROAD 197, A PUBLIC ROAD, AND THE RIGHTS OF OTHERS TO USE, MAINTAIN AND REPAIR SAME.
SUBJECT TO: LEASE AGREEMENT BY AND BETWEEN KELVIN SLATER AND AMANDA SLATER, AS TENANT, AND GEORGIA POWER COMPANY, AS LANDLORD, DATED JANUARY 17, 2020, RECORDED IN DEED BOOK A47, PAGE 93, RABUN COUNTY, GEORGIA RECORDS ON JANUARY 28, 2020.
PROPERTY ADDRESS: 4242 Highway 197, Clarkesville, GA 30523
AUCTION LOCATION: Rabun County Superior Courthouse, 25 Courthouse Square, Clayton, GA 30525 at 10 AM EST. Bidder, or an authorized agent of bidder, must be present to place a bid.
ONLINE REGISTRATION: You are encouraged to register here for the auction. Updates and additional announcements will be sent to registered bidders and posted to this site. Registration here does not obligate you to attend or bid at the auction. Pre-bids, absentee bids and online bids are not accepted for this auction. ALL bidding must occur in person at the auction site.
INSPECTION: Open house dates will be announced shortly. All inspections will be by appointment only and must be scheduled at least 48 hours in advance. DO NOT approach the property without prior approval or confirmed appointment. DO NOT disturb the occupants under any circumstances.
You are STRONGLY advised to inspect the property, in person, during the inspection period in order to validate the descriptions and/or photographs in this auction. Should you have any questions, please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com or Rick Sammons at 770-490-0798 or rick@bullseyeauctions.com
PAYMENT TERMS: The full purchase price must be paid at the time of the auction using cashier’s check, cash, or other collected funds.
Cashier’s Checks must be presented at the auction in an amount equal to or greater than the high bid. Any overpayment will be refunded to the purchaser within five (5) business days following the auction.
Cash must be paid in person at the auction and must consist of United States banknotes only.
Other Collected Funds must be received and verified by the escrow agent no later than 12:00 PM (noon) on Monday, June 30, 2025. Any overpayment or refund will be returned within five (5) business days following the auction.
LEGAL NOTICE: This auction is conducted in accordance with O.C.G.A. § 44-14-162.2, et seq. Please refer to the published foreclosure advertisement, available under the Documents tab, for additional important legal information. By participating in this auction, you acknowledge and accept all terms and conditions set forth herein. Failure to comply with these terms may result in the rejection of your bid.
NOTICE TO BUYER:
This property is being sold “AS IS, WHERE IS,” with no warranties, express or implied. The property is offered subject to:
• ANY OUTSTANDING AD VALOREM TAXES, INCLUDING THOSE THAT ARE A LIEN BUT NOT YET DUE AND PAYABLE;
• ANY MATTERS THAT MIGHT BE REVEALED BY A CURRENT SURVEY OR PHYSICAL INSPECTION OF THE PROPERTY;
• ANY ASSESSMENTS, LIENS, ENCUMBRANCES, ZONING ORDINANCES, RESTRICTIONS, COVENANTS, AND REDEMPTION RIGHTS; AND
• ALL MATTERS OF RECORD THAT ARE SUPERIOR TO THE SECURITY DEED BEING FORECLOSED.
Prospective buyers are strongly encouraged to seek legal counsel to independently verify all conditions, representations, liens, and encumbrances related to the property, and to make their own determinations regarding accuracy prior to placing reliance on any such information.
For purposes of this foreclosure auction, Bullseye Auction & Appraisal is not acting as a real estate broker or agent, but is serving on behalf of Ameris Bank to market and promote the foreclosure auction described herein.
SALE MANAGERS:
Scott Schwartz at 404-550-3490, GAL# 2643
Rick Sammons at 770-490-0798, GAL# 3575
