Tract 4-5.372ac [BIDDING BY THE ACRE]

Saturday, June 15, 2024 at 10:00 am — SELLING ON-SITE

Rome, Floyd County, GA

Executive Home – (2) Additional Homes – 65± ac
Selling in Tracts or as a Whole

County Water – Lake – Rolling Pasture
Same Ownership for over 79 Years!!

Property located at 2896 Pleasant Valley Rd and 73 Bailey Rd, Rome, GA

2896 Pleasant Valley Rd and 73 Bailey Rd, Rome, GA:

Introducing a Rare Opportunity: Executive Home with Acres of Potential

Nestled in the picturesque landscape of Rome, Floyd County, GA, lies a unique offering that embodies timeless elegance and boundless potential. Welcome to 2896 Pleasant Valley Rd and 73 Bailey Rd, where a remarkable estate spanning 65± acres awaits discerning buyers, with the option to purchase in tracts or as a whole.

Property Highlights:

• Executive Home: Discover the epitome of refined living in an executive home that exudes sophistication and comfort. With meticulous attention to detail, this residence offers a sanctuary of luxury amidst serene surroundings.
• Additional Homes: Accompanying the executive home are two additional residences, providing versatility and accommodation for extended family, guests, or rental income opportunities.
• Acreage of Opportunity: Embrace the vast potential of 65± acres of rolling pastureland, offering endless possibilities for residential, agricultural, or investment endeavors. Whether you envision a sprawling estate, equestrian haven, or agricultural venture, this property provides the canvas for your dreams to flourish.
• Convenient Location: Centrally located between Cartersville and Rome, this property offers convenient access to major highways, including Hwy #113 and Hwy #411. Whether you seek tranquility or connectivity, this location strikes the perfect balance of rural charm and urban accessibility.

Additional Features:

• County Water: Enjoy the convenience of county water access, ensuring a reliable and hassle-free water supply for various uses.
• Natural Beauty: Immerse yourself in the beauty of the surrounding landscape, complete with a picturesque lake and gently rolling terrain that beckons exploration and relaxation.

With over 79 years of ownership under the same stewardship, this offering presents a rare chance to own a piece of history and create a legacy for generations to come. Whether you aspire to build your dream estate, cultivate an agricultural enterprise, or simply embrace the tranquility of rural living, 2896 Pleasant Valley Rd and 73 Bailey Rd offer the perfect setting to turn your vision into reality. Don’t miss this unparalleled opportunity to secure your slice of paradise in the heart of Rome, GA. Schedule your viewing today and unlock the endless possibilities that await on this remarkable property.

REFERRAL FORM SURVEYS / MAPS

EXHIBIT “B”

 

TERMS AND CONDITIONS

Rome, Floyd County, GA

Saturday, June 15^th at 10:00 AM 

These “Terms and Conditions” supersede all other printed and oral statements and will be attached to and become a part of the Real Estate Sales Contract as Exhibit “B,” which will prevail over this document and any other agreement between the Buyer and Seller.

CONDITIONS OF SALE: Dempsey Auction Company (Auctioneer/Broker) has entered into a contract with Tierra R. Bragg, Dedric J. Bragg, Brody C. Bragg & Davis C. Bragg, (Seller), TO OFFER AT AUCTION, 12 parcels of real estate located on Pleasant Valley Rd & Bailey Rd in Floyd County, GA.

All property, real and personal, is selling “AS IS, WHERE IS” and being conveyed by Seller as provided for below. It is offered for sale and sold “AS IS and WITH ALL FAULTS, IF ANY” without representation or warranty of any kind as to their condition; and any repairs, alterations, damage, cleanup, removal of debris, waste, personal property, etc., are the sole responsibility of the buyer. No warranties, either statutory or otherwise, expressed or implied, including those as to the fitness for a particular use or purpose, habitability, merchantability, or environmental condition including, but not limited to, any hazardous substances, hazardous waste, petroleum or petroleum by-products (collectively Hazardous Materials), concerning the property are given by the Auctioneer or Seller. Neither the Seller nor the Auction Company makes any representation concerning the property whatsoever. All bidders acknowledge and agree by their participation in the Auction that he/she has inspected the Property and is not relying on any warranty or representation of the Seller, Auctioneer, or any agent thereof. The buyer acknowledges and agrees that at closing there may be the existence of equipment, personal property and/or scrap materials located upon or within the property and agrees to accept the same in AS IS condition. For compliance with Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992, interested purchasers have had ten a (10) day inspection period prior to the auction for assessment of possible lead-based paint hazards.

We require all bidders to register and obtain a bid number in order to participate in the bidding process. All decisions of the Auctioneer will be final, including the increments of bidding, disputes among bidders, or any other issues that might arise before, during or after the auction.

The Seller has the right, at their sole discretion, to add or withdraw all or any portion of the property before the auction’s opening announcement on Saturday, June 15^th at 10:00 AM. This property is Selling Subject to Approval, reserving the right to hold all offers open until Monday, June 17^th at 5:00 PM.

CONVEYANCE: All property will be conveyed by a Limited Warranty Deed with title insurance available at the Purchaser’s expense.

RESERVATIONS & RESTRICTIONS: All Personal Property, Equipment, and Livestock are reserved. The real estate will be sold subject to any and all restrictions, public utilities, encroachments, zoning ordinances, easements, Floyd County regulations, protective covenants, any existing rights of way, and all other matters now of record or shown on attached plat. We are selling subject to an underground waterline easement across Tract #10 in favor of Tract #9.

ONLINE PURCHASERS’ PAYMENT: At the close of the auction, successful bidders will be emailed the contract package to execute and return to Dempsey Auction Co. Successful bidders will deposit 10% of the Contract Sales Price as earnest money in the form of cashier’s check or bank wire transfer with Dempsey Auction Co within 24 hours of receipt of the contract package. The entirety of the remaining balance is due at closing as stipulated in the “Terms and Conditions.” The purchaser shall be responsible for all wire transfer fees. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable.

TECHNICAL SOFTWARE ISSUES: NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THE AUCTION COMPANY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Dempsey Auction Company is providing online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Dempsey Auction Company or anyone else if the internet service fails to work correctly. Dempsey Auction Company will not be responsible for any missed bids from any source.

DEFAULT: In the event a winning bidder fails to submit the signed “Sales Contract” and deposit earnest money as provided in the pre-stipulated Terms and Conditions, the winning bidder will be charged an administrative fee of $2,500 on the credit card provided at auction registration. Additional default remedies are reserved by Dempsey Auction Co and the Sellers as provided in the Terms and Conditions and the Sales Contract.

PAYMENT: A 10% Buyer’s Premium on Real Estate will be added to the Bid Price on all real estate today to arrive at the final purchase price. The purchaser will be required to sign the Real Estate Sales Contract and pay a non-refundable earnest money deposit equal to 10% of the Contract Sales Price immediately following the Auction. This payment may be made with either a personal or company check. This deposit will be held in a non-interest-bearing escrow account under the control of Dempsey Auction Co. No disbursements will be made from this escrow account until closing or otherwise in accordance with this agreement. In the event the purchaser fails to close and pay his/her balance when due, the deposit may be retained by the Seller and Auctioneer as liquidated damages in addition to any other remedies available to the Seller and Auctioneer.

SURVEY: We are selling this property according to the registered & approved boundary survey performed by Elbert Angel, GRLS #1742. A survey, staking, and recording fee of $700 for Tracts #,9,10 & 12, $950 for Tracts #1-8 & 11 will be due and collected today. The accuracy of the survey is the sole liability of the surveyor and the Purchaser, and the Purchaser does hereby release the Seller and Dempsey Auction Co from all liability in all matters concerning the survey.

CLOSING: Closing shall take place within 30 days of the sale date in accordance with the Real Estate Sales Contract, or on a date mutually agreed upon by the Seller and Purchaser(s) in writing. The closing attorney is Mr. Ted Corwin with Brumlow, Corwin and Delashmit. We encourage you to contact Kellie in Mr. Corwin’s office as soon as possible to discuss the closing – 706.237.9944.

CLOSING COSTS: The Seller will provide a Limited Warranty Deed at closing. If for some reason the Seller is unable to convey good and marketable title to the property, unless otherwise noted, the Purchaser(s) Earnest money deposit will be returned.

All other costs including, but not limited to, Attorney’s Closing Fees, Recording and Handling Fees, Deed Transfer Taxes, Title Search, Title Insurance, Loan Origination Fees, etc., will be at the Purchaser’s expense.

POSSESSION: Purchaser(s) will be granted possession of real estate at closing, on or before July 14, 2024. Purchaser(s) will be granted possession of Tract 10 & 12, on or before July 30, 2024.

TAXES: The 2024 Real Estate property taxes will be prorated to the date of closing. If any additional taxes are assessed resulting from the change of use by the purchaser, they will be the responsibility of the purchaser.

AGENCY: The Auctioneer is acting as agent for the Seller only in this transaction and is to be paid a fee pursuant to a separate written agreement between seller and the Auctioneer. The Auctioneer is not acting as an agent for the purchaser in this transaction. Any third-party broker is not a sub-agent of the Auctioneer.

BUYER’S NOTE: Dempsey Auction Company and the Seller reserve the right to amend any terms or conditions of the auction by announcing such amendments prior to or during the auction. All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller or the Auctioneer. The Auctioneer makes no warranty or guarantee as to the correctness and completeness of any information. Personal on-site inspection of the property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer, or earnest money after its opening tender. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced and/or distributed information. Dempsey Auction Company is the “Agent of the Seller,” and our fiduciary duties of loyalty and faithfulness are owed to the Seller.

METHOD of SALE: DAC reserves the right to offer the property any way we see fit to obtain the seller the most money.

NOTE: This auction is being recorded by audio in its entirety for legal purposes.

I have received, read, understand and agree to the information in these “Terms and Conditions” which will become a part of the sales contract and will hereafter be Exhibit “B”.

73 Bailey Rd
Rome, Georgia 30161
United States

PROJECT MANAGER: Lou Dempsey – 770.546.2800 – ldempsey@dempseyauction.com

OPEN HOUSE: The Property is OPEN for Inspection and the Homes will be shown by Appointment. Dempsey Representatives will be on-site Friday, June 14^th, 1:00-4:00 PM.

BIDDING: The auction will be Simulcast with the opportunity to participate live, in person, or online, whichever is most convenient.

SALE SITE: The property will SELL on-site under the Dempsey Tent

TERMS AND CONDITIONS: 10% Buyer’s Premium. 10% Down on Sale Day with the Balance Due on or Before 30 Days from Sale Day.

BROKER PARTICIPATION: Dempsey Auction Co will pay any licensed Broker/Agent a referral commission for any registered client who successfully closes on the property. CONTACT OUR OFFICE FOR PRECISE DETAILS.

CLOSING: Closing to be on or before 30 days from sale date.

For plats, brochures, surveys, or further sales information on this auction, call us by name at 1.800.DEMPSEY (800.336.7739).