Posted price is the current Forsyth County tax value. The $574,050

Lake Home For Sale

Posted price is the current Forsyth County tax value. The posted price in NO WAY reflects a starting bid, reserve price or any expectation of price. CORPORATE LIQUIDATION ONLINE AUCTION 1295 Timber Lake Trail, Cumming, GA 30041 Forsyth County BID DEADLINE (Starts to Close): Thur, August 1st at 11 AM ASSET DESCRIPTION: Built in 1972, this property is a 4 bedroom / 3 bath ranch on a .54+/- acre lakefront lot. Property consists of approximately 2,912+/- sq.ft. Property highlights include: master on main, finished basement, hardwood floors on main, carpet in bedrooms, tile in bathrooms, new stainless steel range and dishwasher, walk out acces to back deck from living room and master, firepit, 2 fireplaces, basement is stubbed for 2nd kitchen (water and electric), double decker dock w/ single boat slip, new roof (2024), and approximately 124.81' of rear property line that backs up to the Corp. line and Lake Lanier. Forsyth County Tax Parcel ID: 198-198. Property is located approximately 1 mile from Marketplace Blvd. (quick access to major retailers, etc.) and approximately 3.5 miles from the Cumming City Center. ONLINE BIDDING REGISTRATION: Online bidding to begin on July 21st, 2024. TERMS: Non-refundable earnest money deposit of $20,000 required within 24 hours of contract acceptance. Earnest money to be wired directly to Trustee. Closing to occur within 30 days of contract acceptance. 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 Auctioneer 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 an 8% Buyer's Premium for this auction. Example: For a high bid of $100,000, an 8% buyer's premium of $8,000 will be added making the purchase price $108,000. BUYER'S NOTE: Real estate is being sold "AS IS, WHERE IS" with no warranties expressed or implied. Buyers should carefully inspect. The real estate is subject to sale prior to auction end date. Online bid increments are at Auctioneer's discretion. CLOSING: Purchaser responsible for designating closing attorney and all associated costs. Property to close within 30 days of contract acceptance. GAL#2643