31 Acres Of Open & Wooded Land

Ranch Description

0 Cowboy Trail, Ellijay GA 30540 (Gilmer County)

31.35± Acres of Open & Wooded Land

Inspection: Contact sale manager for inspection

Bidding Opens: Friday, February 24 at 2:00 PM ET

Bid Deadline: Tuesday, March 7 at 2:00 PM ET

Sale Manager: Amy Martin or auction features a grouped bid extension - please see details in terms below.

Approximately 4± acres of cleared and fenced area on sloping lot with a beautiful view from what appears to be nice level spot for a home about 300 yards up the slope from the road. The surrounding woods have trails and hardwoods. Would require well and septic. Road from 246 crossing property is not county maintained.

Zoned A1, Gilmer County Tax Parcel 3032 045C

2016 Gilmer County Taxes Due is an easement through this property to provide access to another property.

This property is accessed by way of an easement across 246 Cowboy Trail.

Please Note: The property is in a 10-year conservation agreement with Gilmer County established in 2008.

From the Gilmer County website:

If the owner breaks the Covenant a penalty of twice the taxes saved by the taxpayer will be imposed and interest at the rate of 1% per month will be assessed if not immediately reported.

If the Covenant is broken as a result of death or eminent domain (condemnation) no penalty will be assessed.

If the Covenant is broken as a result of medically demonstrable illness or foreclosure, the penalty will be the amount of taxes saved for the current year only.

Leases or contracts for billboard signs, cellular towers, or any type of non-qualifying use will breach the Covenant and all penalties will apply. Hunting leases are allowed.

If the property is sold, and if the purchaser continues using the property as it was originally covenanted then no penalty would be assessed. Purchaser must sign covenant agreeing to no change in use.

However, the taxpayer should be aware that if the use changes during the 10-year period all penalties would apply.

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 2016 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