Thursday, March 3, 2016 at 7:00 p.m.
Sale Site: Doubletree Hilton Hotel @ S. Park Place, Atlanta

Georgia Bank Owned Property Auction

 

AUCTION

 

BANK OWNED REAL ESTATE

Thursday, March 3, 2016 at 7:00 p.m.

Sale Site:  Doubletree Hilton Hotel located at 2055 S. Park Place, Atlanta, GA 30339 (I-75, Exit 260)


• Residential, Commercial, Acreage Tracts & More
• 2% Broker Co-Op Available - Click HERE for Broker Form
• Online Bidding Available for Qualified Buyers

Properties in the Following Counties: Bartow, Carroll, Cobb, Douglas & Fulton - Most Sell ABSOLUTE

 


Dear Prospective Bidder,

Hudson & Marshall is pleased to have been chosen to offer you a wide selection of bank owned properties in Georgia. Whether you are looking for land, homes, investment or commercial property, we have something for everyone! Refer to pages 10 & 11 for terms and conditions. Please inspect these properties prior to auction day and come prepared to purchase excellent real estate at AUCTION prices!

Best of luck in your bidding: 
Hudson & Marshall, Inc.



PROPERTY 101  -  ABSOLUTE

5854 Hwy 20 SE
Cartersville, GA 30121

The subject property is a 1,232 SF, 3 Bedroom, 2 Bath home, situated on 1+/- acres.

Property ID: 0100-0036-012 (Bartow Co)

Agent: Lourens Vermaas with Platinum One Realty at 404-391-9787 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 102  -  ABSOLUTE

222 Summit Street
Cartersville, GA 30120

 The subject property is a 1,092 SF, 3 Bedroom, 1 Bath home, situated on approximately 1 acre.   There is an outside storage unit. 

Property ID: C010-0009-011 (Bartow Co.)

Agent: Gene Vance with Homestead Properties at 770-655-3205 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 103  -  ABSOLUTE

18 Lusk Avenue
Cartersville, GA 30120

The subject property is a 1,880 SF, 4 Bedroom, 2 Bath home, situated on 0.7+/- acres.  Located just south of Hwy 41.

Property ID: 0071H-0001-010 (Bartow Co.)

Agent: Gene Vance with Homestead Properties at 770-655-3205 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 104   -   REMOVED

1525 Willingham Drive
East Point, GA 30344
  This property has been removed from the auction





PROPERTY 105  -  ABSOLUTE
 
29 & 31 Richards Road
White, GA 30184

The subject property is a 28,730 SF retail/office warehouse building that was formerly used as a food service and distribution center.
 
Located just off Hwy 411, it is situated on 1.88 acres.  
 
Property has 30 parking spaces and 4 loading docks.
 
All utilities available.    Zoned I-1, Light Industrial.

Property ID: W004-0004-057 (Bartow Co.)

Agent: Gene Vance with Homestead Properties at 770-655-3205 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 106 - ABSOLUTE

4.495 Acres, Bearden Road
Douglasville, GA 30135

The subject property consists 4.495 acres of vacant, residential land on Bearden Road with great development potential.

Property ID: 04571820019 (Douglas)

Agent: Jerry Slay with the Realty Group at 678-618-8935 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 107  -  ABSOLUTE

2582 Argo Drive SE
Smyrna, GA 30080

 
The subject lot is approximately 0.105 acre vacant, residential lot on Argo Drive.  

Property ID: 17066400740 (Cobb Co.)

Agent: Gene Vance with Homestead Properties at 770-655-3205 or vance@
homesbyhp.com

 



PROPERTY 108  -  ABSOLUTE

7287 Corn Crib Loop North
Douglasville, GA 30134

The subject property is a 2,064 SF, 4 Bedroom, 2 Bath manufactured home situated on 0.48 acres. 

Property ID: 01990250218 (Douglas Co)

Agent: Hudson & Marshall at 800-841-9400.

 

PROPERTY 109  -  REMOVED

International Pkwy  & J. F. Harris Pkwy

(US 41 & Hwy 140)
Adairsville, GA 30103
This property has been removed from the auction 

 

PROPERTY 110  -  Reserve
 
105 Martin Luther King Drive
Emerson, GA 30137
 
The subject property is a 15,000 SF former religious facility situated on 1.39 acres. Approximately 50% of the building is finished with high ceilings, large halls, 5 offices, 5 bathrooms and a sanctuary that seats approximately 300.
 
Formerly known as New Beginning Church of God in Christ.   

Zoned Residential.

Property ID: E001-0007-003 (Bartow Co.)

Agent: Ty Mitcham with George Willis Realty at 770-382-0058 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 111 - ABSOLUTE
 
4281 Bankhead Highway (aka Highway 78)
Douglasville, GA 30134
 
The subject property is a 1,461 SF shop building and 800 SF older retail building.  Situated on 0.46 acres.
 
Zoned HC, Commercial.

 Property ID: 06531820004 (Douglas Co.)
 
Agent: Gene Vance with Homestead Properties at 770-655-3205 or This email address is being protected from spambots. You need JavaScript enabled to view it.



PROPERTY 112  -  Reserve

15.834 Acres
Lots 1 - 23 in Riverside Ridge Subdivision
Douglasville, GA 30134
 
The subject property comprises 23 developed lots (totaling 15.834 acres) in the River Ridge Section of Anneewakee Trails.
 
The lots are located in a master planned community with over 1,000 occupied homes. Community features include a clubhouse, fitness center, pool, tennis courts, and more. Public utilities include electricity, public sewer, and telephone.
 
Zoned Residential.
 
Selling as a whole.
 
Agent: Kyle Gable with Pioneer Land Group at 404-867-3332 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 

PROPERTY 113  -  ABSOLUTE
 
2.04 Acres, Highway 92
Douglasville, GA  30135

The subject property consists of 2.04 acres at the entrance of Anneewakee Falls Subdivision.    

Zoned PUD, Conditional.  Located 1.5 miles south of GA-154 (Fairburn Road).

Property ID:  01370150072 (Douglas County)

Agent:  Kyle Gable with Pioneer Land Group at 404-867-3332 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 


PROPERTY 114  -  ABSOLUTE
 
Lots 15, 16 and 17 of Mallard Lake Subdivision
Carrollton, GA 30117
 
The subject property consists of 3 residential lots (Lots 15, 16 and 17) totaling 2.68 acres in Mallard Lake Subdivision.  

Utilites in place, including septic. Great location. Located on Law Lake.

 Development potential.  Selling as a whole.

Property ID: 1154-0372, 154-0373 & 154-0374 (Carroll Co.) 

Agent: Jude Rasmus at 770-321-1350.



PROPERTY 115  -  ABSOLUTE

2.14 Acres, Ivey Road
Mableton, GA 30126

The subject property consists of 2.14 acres zoned R20 and located on Ivey Road in Mableton. Development potential.

Property ID:  18018501050 (Cobb County)
Agent: Kyle Gable with Pioneer Land Group at 404-867-3332 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 116  -  ABSOLUTE
 1119 Sandtown Road SW
Marietta, GA 30008
 

The subject property consists of a 0.90 acre vacant commercial lot in a high traffic area with approximately 200’ of road frontage.

Zoned GC & R20.

Public utilities include water, electricity, natural gas and telephone.

Property ID: 17-02110-018-0 (Cobb Co.)

Agent:  Karen Weeks Morris with Karen Weeks Realty at 404-374-0408 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 

PROPERTY 117  -  ABSOLUTE

102 Deese Court
Carrollton, GA 30117

The subject property is a 3 Bedroom, 2 Bath home with 1,242 SF.

Property features 2 story foyer, fireplace, 2 car garage, basement and more. Located in a desirable neighborhood - Lot 19 of Lamplighter Place Subdivision.

Property ID:  C04-0040132 (Carroll Co.)

Agent:  Rick Schloemer with Homestead Properties at 404-247-4200 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 


PROPERTY 118  -  ABSOLUTE
 
100 Deese Court
Carrollton, GA 30117

The subject property is a 3 Bedroom, 2 Bath home with 1,312 SF.

Property features high ceilings, double vanity in master, fireplace, 2 car garage and more.  Located in a desirable neighborhood. (Lot 20 of Lamplighter Place Subdivision)
 
Property ID:  C04-0040133 (Carroll Co.)
 
Agent:  Rick Schloemer with Homestead Properties at 404-247-4200 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 119  -  ABSOLUTE

270 Jennifer Lane
Temple, GA 30179

The subject property is a 4 Bedroom, 3 Bath ome with 1,304 SF. Property features high ceilings, walk-in closets, 2 car garage and many upgrades. Lots of privacy and on a dead end street.

Property ID: 120-0335 (Carroll Co.)
 
Agent:  Rick Schloemer with Homestead Properties at 404-247-4200 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 


PROPERTY 120 - ABSOLUTE

6860 Dorsett Shoals Road
Douglasville, GA 30135

The subject property is a 3 Bedroom, 2 Bath home with 2,084 SF.
 
 Property features hardwood floors throughout and a full unfinished basement. Situated on a 1.06 acre lot.
Property ID: 00600250006 (Douglas Co.)
Agent: Jerry Slay with The Realty Group at 678-618-8935 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 121  -  ABSOLUTE

18 Townhouse Lots
Austell, GA 30168

Lots 59 - 72 and Lots 78 - 81 in Crestview Townhomes Subdivision.

1.81+/- total acres.   All utilities available.  Zoned Residential.

Development potential.  Selling as a whole.

Property ID: 18058800740, 18058800750, 18058800760, 18058800770, 18058800780, 18058800790, 18058800800, 18058800810, 18058800820, 18058800830, 18058800840, 18058800850, 18058800860, 18058800870, 18058800930, 18058800940, 18058800950, 18058800960  (Cobb Co)

 Agent: Jude Rasmus at Rasmus Real Estate at 770-321-1350.


PROPERTY 122  -  ABSOLUTE

5150 Highway 5
Douglasville, GA 30134

The subject property is a 1.0 acre vacant, residential lot in Dowda Estates. Development potential.
Property ID: 00380250173 (Douglas County)
Agent: Jerry Slay with The Realty Group at 678-618-8935 or This email address is being protected from spambots. You need JavaScript enabled to view it.

PROPERTY 123  -  REMOVED

6837 Shenandoah Trail
Austell, GA 30168
   This property has been removed from the auction.

 


PROPERTY 124  -  ABSOLUTE
4820, 4840 & 4860 Industrial Access Rd
Douglasville, GA 30134

The subject property consists of three vacant lots (Lots 14, 15 and 16 of Iroquois Commercial Park Expansion) tracts totaling 3+/- acres.

This property is located 1 mile from Hwy 78 and 4 miles from I-20.

All utilities available. City water and sewer. Selling as a whole.
Property ID: 06501820034, 06501820035 & 06501820036
Agent: Chip McLaughlin with The Simpson Company at 770-289-1496 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 125  -  ABSOLUTE
 
5887 Thistle Court
Douglasville, GA 30133
 
The subject property is a 1.08 acre vacant, residential lot, also known as Lot 29 in Glen Laurel at Williams Estates Subdivision.
Great development potential.
 
Property ID: 00110350050 (Douglas County)
 Agent: Jerry Slay with The Realty Group at 678-618-8935 or This email address is being protected from spambots. You need JavaScript enabled to view it.


PROPERTY 126  -  ABSOLUTE
 6195 Hedgestone Way
Douglasville, GA 30135
The subject property is a 1.69 acre residential lot, also known as Lot 31 in Glen Laurel at Williams Estates Subdivision.
Great development potential.
 Property ID: 00110350052 (Douglas Co.)
 Agent: Jerry Slay with The Realty Group at 678-618-8935 or This email address is being protected from spambots. You need JavaScript enabled to view it.



TERMS & CONDITIONS

SALE SITE:
All properties will sell Thursday, March 3, 2016 at 7:00 P.M. from the Doubletree Hilton Hotel located at 2055 S. Park Place, Atlanta, GA 30339 (I-75, Exit 260 - Windy Hill). Registration will begin at 6:00 p.m.

INSPECTION:
All land parcels are available for inspection at anytime. Improved properties are available by appointment with the listing agent or by contacting Hudson & Marshall at 800-841-9400.

TERMS FOR LIVE BIDDING:
Earnest Money:
* Properties selling for a total purchase price (calculated by adding the high bid amount plus a 10% buyer’s premium) of $100,000 or less will pay the greater of $2,500 or 20% down of the purchase price with one exception: If the high bid is less than $2,500, the entire purchase price will be due at the auction. Properties selling for a total purchase price of $100,001 to $200,000 will pay 15% down of the purchase price and properties selling for $200,001 or greater will pay 10% down of the purchase price at the auction.
* Accepted forms of payment are cash, certified funds or business/personal check.
* No credit cards accepted.
* The balance will be paid in full at closing.

CLOSINGS:
All properties must close on or before Thursday, March 31, 2016. Taxes will be prorated as of date of closing. Title insurance will be available at purchaser’s expense. We strongly urge Purchasers to purchase title insurance.

CLOSING ATTORNEY FOR ALL PROPERTIES:
Danny Deems with Tilley, Deems & Trotter, LLC. located at 319 East Church Street, Cartersville, GA 30120. Phone Number - 770-382-6144.

TERMS FOR ONLINE BIDDING:
Online bidding will be available for all properties to qualified bidders. The online registration will need to be completed prior to the auction and a cashiers check for a specified amount for each property must be in our office on or before Wednesday, March 2, 2016. The successful online bidder will be notified immediately following the closing of the auction and issued the purchase contract. The executed contract shall be submitted per the instructions received with the contract. Online bidding registration will be cut off at 5:00 p.m. on Tuesday, March 1, 2016.  If you have any questions, you may contact our online auction manager, Tracy Marshall, by email (This email address is being protected from spambots. You need JavaScript enabled to view it.) or call 800-841-9400.

BUYER’S PREMIUM:
A 10% buyer’s premium will be added to the high bid. Example: For each $10,000, a 10% buyer’s premium of $1,000 will be added to arrive at the total purchase price of $11,000.

AGENCY:
Hudson & Marshall, Inc., auctioneer/broker, is acting exclusively as agent for the seller.

BROKER PARTICIPATION:
A 2% Broker Commission, before the inclusion of the buyer’s premium, will be paid to Brokers/Agents who represent a purchaser on any auction property. In order to be paid a commission, the Broker/Agent must complete EACH of the following steps:

1) Review the “terms and conditions of the sale” with each client they are representing.

2) Professionally assist your client by providing relevant advice and property information.

3) Email or fax registration form to Hudson & Marshall no later than 5:00 P.M. the day prior to the sale.  CLICK HERE FOR BROKER FORM
Email to This email address is being protected from spambots. You need JavaScript enabled to view it. or fax 478-994-6588. Registration forms can be obtained from our website or call 478-743-1511 to have a copy emailed or faxed. UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. Commissions will be paid if and only if property closes. A commission on a property will be paid only to the first broker registering a prospect. A BROKER CANNOT ACT AS A PRINCIPAL AND BROKER ON THE SAME TRANSACTION.

4) Attend the auction with your client and sign the contract along with your client.

SPECIAL NOTE:
* Property is selling “as-is, where-is” with all faults and is selling subject to (i) all matters of public record including, without limitation, easements, leases, restrictions, covenants, and conditions, (ii) zoning, and (iii) all other matters which would be revealed by a current survey or an inspection of the property. The only representation and warranties made are those contained in the auction real estate sales contract.
* Seller reserves the right to add or delete property and/or cancel the sale.
* Properties will be conveyed by limited warranty deed.
* Information contained herein was obtained from sources deemed reliable. The property will sell “as-is, where-is” with no warranty, express or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property shall be conveyed with real estate unless denoted in contract.
* Although every precaution has been taken to ensure accuracy, neither the seller, Hudson & Marshall, Inc. nor their agents will be responsible for any errors or omissions herein.
* Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. The terms of the auction real estate sales contract are controlling in the event of any perceived inconsistency between the terms of the auction real estate sales contract and any statements in this brochure or other advertisement.
* Announcements made at auction will take precedence over written materials.
* Except as provided in the following sentence, at the time the sale is consummated Seller agrees to convey title to the Property to Purchaser by limited warranty deed, subject to the same encumbrances, restrictions and conditions to which the Property was subject when the Seller acquired title thereto. With respect to any Property for which Seller discloses, prior to or at auction (in the auction sales brochure or otherwise), that Seller does not have good and marketable title, (i) Seller shall have no obligation to represent, warrant or convey good and marketable title, and (ii) Purchaser shall have no right to (a) object to the status of title to the Property, or (b) obtain a refund of earnest money paid with respect to the Property.

All high bids are considered individual offerings and not contingent upon the Seller’s acceptance of other bids. If you purchase more than one property, you are required to close on any and all properties that the Seller accepts.

 

 

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Email: info@hudsonmarshall.com
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