Receivership, Bankruptcy & Bank Owned Development Tracts & Lots

SEE INDIVIDUAL WEBSITES FOR MORE INFORMATION:

http://www.auctionebid.com/COURT-ORDERED-ABSOLUTE-AUCTION-101-7-1-Acres-a148405.php (7 acres Atlanta)

http://www.auctionebid.com/COURT-ORDERED-ABSOLUTE-AUCTION-103-15-1-Acres-a148430.php (15 acres Austell)

http://www.auctionebid.com/COURT-ORDERED-ABSOLUTE-AUCTION-105-6-86-Acres-a148436.php (6 acres Austell)

http://www.auctionebid.com/COURT-ORDERED-ABSOLUTE-AUCTION-107-10-6-Acres-a148441.php (10 acres Old National)

http://www.auctionebid.com/ABSOLUTE-AUCTION-109-House-on-Compton-Road-Atlanta-a148444.php (lot in Lakewood)

http://www.auctionebid.com/BANK-OWNED-LOT-111-in-Hiram-GA-a148447.php (4.6 acres Hiram)

 

Property #101 SELLS REGARDLESS OF PRICE
Bid Deadline is Wednesday, December 8th at 10 AM
220 Adeline Avenue NW, Atlanta (Fulton County) GA 30314       
7.1+ ACRES ZONED PD-H
Located in the Westlake area, the tract was approved for 47 SFH by the City of Atlanta. It adjoins a 3+ acre multi-family parcel suitable for ALF or Apartments and is 7 Miles west of downtown Atlanta. All Utilities w/Sewer at Site, Close to Westlake Marta station. Appraised for $790,000 in 2007, last listed at $295,000.
Property Inspection: Inspect anytime.
Directions:  From downtown Atlanta, I-20 west, exit 53 north onto West Lake Ave, left onto Callaway, immediate right onto Whitaker, left onto Oakmont, right on Adeline to end..
Terms:  10% earnest money in cashiers check or wire transfer payable to Auction Management Corporation Escrow Account, sign as-is contract, close by December 27, 2010.
Closing Attorney: Jennifer Duncan, Troutman Sanders, LP.

Property #103 SELLS REGARDLESS OF PRICE
Bid Deadline is Wednesday, December 8th at 10:30 AM
Old Alabama Rd SW at Cardell Rd, Austell (Cobb County) GA 30168
15.1+- ACRES ZONED R-20
A preliminary plat has been prepared showing 26 lots ranging from 7,001 sf to 14,052 sf with 7.74 acres of open space. The wooded tract is at the southeast corner of Old Alabama and Cardell Road. Last listed at $600,000.
Property Inspection: Inspect anytime.
Directions: From Atlanta, west on I-20, exit 44 north onto Thornton Road, go 1.3 miles, right on Maxham Road, go .9 mile, right on Old Alabama, property on right just past Cardell.
Terms:  10% earnest money in cashiers check or wire transfer payable to Auction Management Corporation Escrow Account, sign as-is contract, close by December 27, 2010.
Closing Attorney: Jennifer Duncan, Troutman Sanders, LP.

Property #105 SELLS REGARDLESS OF PRICE
Bid Deadline is Wednesday, December 8th at 11 AM
4042 Humphries Hill Rd, Austell (Cobb County), GA 30168
6.86+- ACRES ZONED R-15
Preliminary platted for 22 single-family homes. Parcel is partially cleared for planned development. Last asking price $140,000.
Property Inspection: Inspect anytime.
Directions: From Atlanta, west on I-20, exit 44 north onto Thornton Road, go 3.6 miles, left on Humphries Hill Rd, property on left just before Lithia Springs Road.
Terms:  10% earnest money in cashiers check or wire transfer payable to Auction Management Corporation Escrow Account, sign as-is contract, close by December 27, 2010.
Closing Attorney: Jennifer Duncan, Troutman Sanders, LP.

Property #107 SELLS REGARDLESS OF PRICE
Bid Deadline is Wednesday, December 8th at 11:30 AM
6715 Old National Highway, Atlanta (Fulton County), GA 30349
10.6+- ACRES ZONED R-4
Approved for 28 single family units with 600'+ frontage on Old National Hwy. Potential Commercial; adjacent property recently rezoned to O-I. Less than 1 mile south of the new Walmart Super Center; all utilities including sewer are available at site. Adjoining 8 acre parcel on Creel Road may lend itself to assemblage. Last asking price $375,000.
Property Inspection: Inspect anytime.
Directions: From I-285, take exit 62 south on Old National, go 3.4 miles, property on right on south side of Creel Road.
Terms:  10% earnest money in cashiers check or wire transfer payable to Auction Management Corporation Escrow Account, sign as-is contract, close by December 27, 2010.
Closing Attorney: Jennifer Duncan, Troutman Sanders, LP.

Property #109 SELLS REGARDLESS OF PRICE
Bid Deadline is Wednesday, December 8th at 12 NOON
1941 Compton Drive SE, Atlanta (Fulton County) GA 30315
3 Br one bath home in poor condition on large partially fenced lot.
Property Inspection: Inspect anytime.
Directions: From downtown connector, exit 244 east on University,bear right near tracks onto McDonough, bear right onto Jonesboro, right onto Lakewood Terrace, left onto Compton, house on right.
Terms:  10% earnest money in cashiers check or wire transfer payable to Auction Management Corporation Escrow Account, sign as-is contract, close by December 27, 2010.
Closing Attorney: Jennifer Duncan, Troutman Sanders, LP

Property #111  BANK OWNED LOT
Bid Deadline is Wednesday, December 8th  at 12:30 PM
747 Mein Mitchell Road, Hiram (Paulding County) GA 30141
4.6 +/- ACRE RESIDENTIAL LOT.  
Beautiful level lot with 349’+- of frontage, 650’+- of depth, underground utilities. APN 07155
Property Inspection: Inspect anytime.
Directions: From Atlanta, I-20 west to exit 37, north on Fairburn Road/ Hwy 92 into Douglasville, follow signs for Hwy 92 North thru town, stay on 92/ Dallas Hwy 3.5 miles, left on Sweetwater Church, right on Austin Bridge, becomes Mein Mitchell, lot ahead on left across from Lambeth Drive entrance into Bromley Walk subdivision.
Terms:  10% earnest money in cashiers check or wire transfer payable to Auction Management Corporation Escrow Account, sign as-is contract, close by December 27, 2010.
Closing Attorney: To be announced.