To our bidders & consignors, You have probably noticed that our bidding platform has changed. We have switched to a new system that has tons of new features that will help improve your bidding experience.
All previous bidders will use their same username & password.
You will need to update your credit card on file the first time you register for an auction
At 9:42 AM on Auction Day (August 17th) Please enter the live auction by clicking the blue enter auction box in the light blue box. If you can't hear the auction please click view live stream above lot picture.
Buyers will be bidding by “ACRE Amount” for the land tract. For example, bidding $5000 on a 5-acre tract, would mean your total bid price is $25,000. With the exception of Tract 11 which is the house tract. It will be sold by the Dollar.
To protect the integrity of the auction, Registration for Online Bidding will cease 10 minutes prior to the Live Auction starting.
METHOD OF SALE/UNDERSTANDING AUCTIONS
Dempsey Auction reserves the right to offer the property any way we see to obtain the SELLER the most money.
Tentative Order of Sale:
- Tracts 1 - 19 Pick and Choice By the Acre
- Combination Phase
- As a Whole
The Real Estate will be offered in tracts, combinations of tracts, and as a whole. We reserve the right to then offer the property in combinations and/or as a whole.
This will be an owner-confirmation auction which means the seller has the right to accept or reject any and all final bids.
These Tracts will be sold “PICK AND CHOICE – BY THE ACRE”.
Buyers will be bidding by “ACRE Amount” for the land tract. For example, bidding $5000 on a 5-acre tract, would mean your total bid price is $25,000.
When the auctioneer says sold, the buyer will then tell us which Tract or Tracts he wants.
At this point, the auction starts over again until we are finished.
We are not designating what lots we are selling, you as the purchaser tell us which lot or lots you want when we say sold!
This is a 10% Buyers Premium auction sale: If you pay $10,000 for a Tract you must add 10% which is $1,000 and your final sales price is $11,000.
Sale day you will pay 10% of your sales price down and the closing can be on or before 30 days. We have already had the title run and we find many of our customers want to close on the following week of the sale so that they may take possession of their property, and we can assist you with that.
Helpful Tips to Keep in Mind Before & During Your Bidding Process
- · Dempsey Auction Company reserves the right to remove or cancel the bids and or bidding privileges of the party at any time deemed not to be in the best interest of the seller.
- · All properties are sold “as-is” without any further inspections or repairs.
- · An auction is not contingent on inspections or physical warranties; all inspections must be done prior to bidding
- · An auction is not contingent on financing; funds must be readily available in order to bid and purchase at auction and close within 30 days
- · You must sign the Sale Contract of Real Estate immediately following the live auction upon receipt of your contract package from Dempsey Auction Company.
- · You must make an earnest money deposit and execute the Sale Contract of Real Property within 24 hours of receipt of your contract package from Dempsey Auction Company (ONLINE BIDDERS ONLY).
- · You must close on the transaction on or before the date stipulated in the Terms and Conditions Real Property— there are no financing or inspection contingencies or other delays allowed.
- · You are not allowed possession of the property until after closing. NO EXCEPTIONS.
- · You will also be responsible for all of the closing costs. (Please refer to Terms and Conditions).
- · All properties are subject to prior sale or removal from the auction.
- · Again, please read and review the terms and conditions. It is the document that controls this auction.
- · When logging in to bid, please check your account to make sure your information is up to date. Email address, phone numbers, address, credit/debit card, and driver's license, etc... to make bidding easier. If you need help updating your information or if you are a new customer and need assistance setting up an account, feel free to call our staff at 7062660717 (ONLINE BIDDERS ONLY).
- · Dempsey Auction reserves the right to offer the property any way we see to obtain the SELLER the most money.
- · This will be an owner-confirmation auction which means the seller has the right to accept or reject any and all final bids.
- · This is a 10% Buyers Premium auction sale: If you pay $100,000 for the property you must add 10% which is $10,000 and your final sales price is $110,000.
- · At the conclusion of the auction, successful bidders will pay 10% of the sales price down and the closing can be on or before 30 days. We have already had the title run and we find many of our customers want to close on the following week of the sale so that they may take possession of their property, and we can assist you with that.
- · 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.
- · 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. 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.
There are no bids for the lot at this time
Saturday, August 17, 2024 at 10:00 am — Auction site: 3271 State Line Road, Menlo, GA
668 Acres on Lookout Mountain
Menlo, Chattooga County, GA
Home – Timber – Creek – Spring
Property located at 3271 State Line Road, Menlo, Chattooga County, Georgia
Selling in Tracts 10 acres and up
Selling Live On-Site with Online Bidding Capability
668 Acres on Lookout Mountain – Menlo, Chattooga County, GA
Discover a pristine natural sanctuary on Lookout Mountain with this expansive 668-acre property located at 3271 State Line Road, Menlo, Chattooga County, Georgia.
- Investment Highlights:
- Prime Location: Strategically positioned within 15 miles of the nationally acclaimed McLemore Resort and Golf Club, known for its top-tier golf courses and Hilton Curio Hotel Collection.
- Proximity to Amenities: Just 10 minutes from the picturesque and historic Mentone, AL, and Lake Lahusage, offering serene recreational opportunities.
- City Access: Conveniently located only 45 minutes from Chattanooga, TN, consistently ranked among the top cities in the USA.
- Natural Beauty: The property features wooded estate-sized tracts with county water available, ideal for developing beautiful homesites.
- Residence: Includes a comfortable home with 2 bedrooms, 2 baths, a sleeping loft, and exposed ceilings, blending rustic charm with modern comfort.
- Recreational Paradise: Enjoy nearby hiking trails and recreational rivers, perfect for outdoor enthusiasts.
- Abundant Wildlife: A beautiful hunting tract known for its trophy deer and plentiful turkey, offering exceptional opportunities for hunting and wildlife viewing.
- [Click Here for Covenant and Restrictions]
This expansive property on Lookout Mountain presents a rare opportunity for both investors and outdoor enthusiasts seeking a blend of natural beauty, recreational opportunities, and potential development. Whether you’re dreaming of a private estate, a recreational retreat, or an investment in Georgia’s scenic landscape, this property offers endless possibilities.
TERMS AND CONDITIONS
668 Acres on State Line Road
Menlo, Chattooga County, GA
Saturday, August 17th 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 Gavin Ventures LLC. (Seller), TO OFFER AT AUCTION, 668 acres and any improvements located on State Line Road in Menlo, Chattooga County, GA.
All property, real and/or personal, is selling “AS IS, WHERE IS” and WITH ALL FAULTS, IF ANY” without representation or warranty of any kind as to their condition. 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 conditions including, but not limited to, any hazardous substances, hazardous waste, petroleum or petroleum by-products concerning the property are given by the Auctioneer or Seller. Neither the Auction Company nor the Seller 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. 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 on Saturday, August 17th at 10:00 AM. These properties are Selling Subject to Owner Confirmation and all offers may be held open until Monday, August 19th at 5:00 PM.
CONVEYANCE: All property will be conveyed by Limited Warranty Deed with title insurance available at the Purchaser’s expense.
RESERVATIONS & RESTRICTIONS: The real estate will be sold subject to any and all restrictions, public utilities, encroachments, zoning ordinances, Chattooga County regulations, any existing rights of way (if any), and all other matters now of record or shown on the attached plat. Selling subject to specific Protective Covenants as recorded in the Office of the Clerk of Superior Court in Deed Book 230, Page 628. Property is selling subject to a specific easement in favor of an adjoining land owner as recorded in the Office of the Clerk of Superior Court of Chattooga County in Deed Book 784, Page 308-309, and any and all other ingress/egress or utility easements of record or by prescription.
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 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. The bidder acknowledges and understands that this service may or may not function correctly on 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 final purchase 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: A recent survey has been performed by Elbert Angel, GRLS #1742, for the tracts on this property and each tract(s) shall be recorded individually at closing. A survey/staking/recording fee of $1,500 per tract for tracts 1,2,3,4,5, and 6, $1,250 per tract for tracts 10,11,12,13,14,15,16, and 17, $2,000 for Tract 19, and $3,500 per tract for tracts 7,8,9, and 18 which 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 auction, 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 at Brumlow, Corwin, and Delashmit P.C., 28 Bale Street in Rome, GA, 30165, 706.237.9944.
CLOSING COSTS: The Seller will provide a Limited Warranty Deed, unless otherwise disclosed, 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 Monday, September 16, 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 the 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. All announcements made from the auction stand take precedence over all other verbal, printed, announced, and/or distributed information.
METHOD of SALE: DAC reserves the right to offer the property any way we see fit to obtain the seller the most money.
Dempsey Auction Company is the “Agent of the Seller”, and our fiduciary duties of loyalty and faithfulness are owed to the Seller.
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”.
Menlo, Georgia 30731
United States
PROJECT MANAGER/AGENT: Randy Land – 706.252.0532 – rl@dempseyauction.com
INSPECTION: The Property is open for Inspection. Dempsey Auction Representatives will be onsite Friday, August 16 from 2 – 4 PM. We are always available for private & personalized showings, please contact our office for your appointment.
BIDDING: The auction will be Simulcast with the opportunity to participate Live, in person, or Online, whichever is most convenient.
TERMS: 10% down with a balance due on or before 30 days from contract acceptance. 10% Buyer’s premium will be charged on all purchases.
[Click Here for Understanding our Auction Document]
CLOSING: Closing to be on or before 30 days from sale date/contract acceptance.
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.
For plats, brochures, Pre-Registration or further sales information on this auction, call us by name at 800.DEMPSEY