#2 • (Tract 1) 4.901 +/- Acres on Lake Lanier with Approx. 155' of Lake Frontage

Part of Lakefront Acreage on Lake Lanier (timed auction by Bullseye Auction & Appraisal, LLC)

High bid $503,000.00

Status: Sold

ASSET DESCRIPTION:  Lot # 2 (Tract 1) consists of a 4.901 +/- acre tract on Lake Lanier with approximately 155' of lake frontage.  This tract is part of a larger 9.63 +/- acre property which is being subdivided into two individual parcels.  (updated 5-2-2022) This tract will include two dock permits and has had a level 4 soil analysis performed for septic. Please Note - This property will be offered individually and as a whole. After the auction ends for Lot 2 (4.901 +/- acres) and Lot 3 (4.729 +/- acres), Lot 4 will be offered which is the combination of both Lots at 9.63 +/- acres.  A survey of the entire tract and preliminary survey of the individual tracts can be downloaded by clicking the "Documents" tab.  Information on the individual dock permits will be posted soon. AUCTIONEER'S NOTE - This property was landscaped in 2017 to host a wedding and reception. The sod, trees and plantings were all installed specifically for the event. Extensive grading and erosion control measures were also implemented on the property for the same event. Please review the photos just posted from this event. LOCATION: 3965 Hidden Hill Drive, Gainesville, GA 30504 ONLINE BIDDING REGISTRATION: Online bidding to begin on April 29th, 2022. INSPECTION: Contact Auctioneer for instructions. Click HERE for Video You are STRONGLY advised to inspect the property and do your own research to validate any information obtained here or elsewhere. Third party inspections are permissible and encouraged. 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 TERMS:  Non-refundable earnest money deposit of 10% required within 24 hours of contract acceptance. Closing to occur within 30 days of contract acceptance. Please "click" the Documents tab for detailed terms and conditions. LEGAL CONTRACT – Your participation in our auction is your acknowledgement and acceptance of the terms and conditions presented here. Your failure to adhere to any of these terms and conditions may constitute a breach of contract and may cause irreparable harm to Bullseye Auction & Appraisal and/or our client. In this event, we and/or our client(s) may attempt to recover any financial or other damages by pursuing any action afforded by law. BUYER’S PREMIUM: There is a 10% Buyer’s Premium for this auction. Example: For a high bid of $100,000, a 10% buyer’s premium of $10,000 will be added making the purchase price $110,000. BUYER’S NOTE: This property is being sold “AS IS, WHERE IS” with no warranties expressed or implied. Buyers should carefully verify all items and make their own decision as to the accuracy thereof before relying on the same. Items may be added or deleted without notice. All items subject to prior sale. Online bid increments are at Auctioneer’s discretion. All sales are final. CLOSING: Purchaser is responsible for designating closing attorney. Property to close within 30 days of contract acceptance. Please click "Documents" for auction terms and conditions. ONLINE BIDDING INFO: For online bidding instructions, please contact Rick Sammons at 770-490-0798 or rick@bullseyeauctions.com or Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com. SALE MANAGERS: Scott Schwartz at 404-550-3490, GAL# 2643 Rick Sammons at 770-490-0798, GAL# 3575