Developer to auction off Lincoln County properties

Wednesday, April 11, 2012 3:51 PM
Last updated 3:57 PM
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Setting up a for sale sign and accepting offers is one way to sell property, but a Lincoln County development company is taking a riskier approach.

Serenity Pointe LLC will sell about half of its available lakeside, lake access or estate home building sites by absolute auction April 28. The sites will be sold using the high bidder’s choice method, meaning the first high bidder will get first choice out of 54 lots until 25 sites are sold.

Serenity Pointe is a 260-acre community on Thurmond Lake about 10 miles east of Lincolnton, with lots ranging from 1 to 5 acres.

The development began in 2009 with 99 sites with 54 sites unsold.

Owners often choose to sell by auctions when they are interested in selling property in a short period with minimal marketing expenses and sales efforts, said Jonathan Bone, the senior marketing director for The National Auction Group Inc., the firm handling the sale. Buyers are attracted to the excitement of the auction and the chance of a bargain, he said, and sellers can potentially benefit from a bidding war.

Selling at auction is a quick way to find out what the market values a certain category of property, he said.

“We’re just trying to find the fair market value,” Bone said. “It’s up to the bidders what the real property value is.”

Although the likelihood of someone walking away with a site for pennies on the dollar is slim, there’s always a chance of getting a good deal, Bone said. There will be no minimums and no reserves at the auction.

The properties will be available for viewing daily beginning April 19. Bidders will be required to pay 10 percent down on auction day and must have $5,000 in the form of personal check, business check or certified funds to bid on the lakefront lots, $2,500 for lake access lots and $3,500 for estate sites. Closing will be within 30 days of the auction and owner financing will be available.

The auction will take place at Serenity Pointe, which is on Nathania Farm Road.

LEARN MORE

For additional information, call (800) 650-8720 or (256) 547-3434, or visit serenitypointellc.com/empty-lots-for-sale.html. Beginning April 19, call on-site at (256) 504-5201 or (256) 504-6858. The auction will take place at Serenity Pointe, 2500 Nathania Farm Road, Lincolnton, Ga.

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Little Lamb
43803
Points
Little Lamb 04/11/12 - 05:00 pm
2
0
Well, this shows the economy

Well, this shows the economy is coming back.

debbiep38
376
Points
debbiep38 04/11/12 - 08:44 pm
1
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Your bid will not be accepted
Unpublished

Your bid will not be accepted if you're NFL. (not from Lincolnton)

debbiep38
376
Points
debbiep38 04/11/12 - 08:45 pm
1
0
Austin Rhodes, you know what
Unpublished

Austin Rhodes, you know what I mean?

HighSociety
1840
Points
HighSociety 04/12/12 - 02:35 am
1
0
Time to buy is now. Columbia

Time to buy is now. Columbia County will be another Richmond County in about 20 years. Although I doubt you will walk away with an acre under 20 thousand, but in 20 years who knows what the price of land will be.

Riverman1
79025
Points
Riverman1 04/12/12 - 04:47 am
0
0
It sounds like a sales

It sounds like a sales gimmick to me. I wouldn't get too excited about finding a deal.

ConcernedTaxpayer
28
Points
ConcernedTaxpayer 04/12/12 - 05:34 am
1
0
debbiep38, the 'good ole

debbiep38, the 'good ole boys' will accept your bid because they want your tax dollars, they just won't accept you because they want to stay in power and tax you to death to have money to spend on themselves.

augusta citizen
8587
Points
augusta citizen 04/12/12 - 06:52 am
0
0
Is this near the other one

Is this near the other one that I've read about here, Stillwater Coves? What's happening with it?

my.voice
4643
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my.voice 04/12/12 - 10:16 am
1
0
This has GOT to be a paid for

This has GOT to be a paid for ad spot. I thought print advertizements had to be labeled as such? This certainly isnt news.

ripjones256
-1
Points
ripjones256 04/12/12 - 01:04 pm
0
0
Wonder what the price range
Unpublished

Wonder what the price range will be ?

ripjones257
0
Points
ripjones257 04/12/12 - 01:11 pm
0
0
I wonder what the price range
Unpublished

I wonder what the price range will shake out to be ??

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