Turning Dirt To Gold

148 Unit Garden Apartment Community
Albany, GA

by Rowell Auctions, Inc.

When

Jul 24, 2014 - 2:00 PM Eastern

Where

Seasons Christian Care Center, A Division of Lamad Ministries
2724 Ledo Road
Albany, GA 31707

How

Online Only Auction

Notes

This gated community offers 148 residential living units from one bedroom one bath units containing approximately 702 +/- sq. ft. all the way up to a few three bedroom three bath units with approximately 1490 +/- sq. ft. At the time of bankruptcy filing this property was being operated as a Christian Adult (55+) Senior Living Community.

Located in the prime area of Albany, Georgia just off Ledo Road and Nottingham Way this property has easy access to Liberty Expressway, Walmart, Lowes, Home Depot, Sam’s Club, the Albany Mall, churches, major banking institutions, and Albany’s best eating establishments. With all the major amenities just short drives away, this property still conveys a quite, safe, and secure community feel. Manicured lawns and flower beds adorn most units with concrete walking paths leading throughout the complex and to large quite garden / park areas, most homes look out over central green space just out their back doors.

For More Information Please Contact:

Mark L Manley, CAI, AARE
Rowell Auctions, Inc.
[email protected]
(229) 891-1377

Share this Auction

Conducted By

Rowell Auctions, Inc.

P.O. Box 3428
Moultrie, GA 31776

1-800-323-8388

http://www.rowellauctions.com

Auction Listing

BANKRUPTCY AUCTION

Selling by Order of the United States Bankruptcy Court!

 

148 Unit Garden Apartment Community

2724 Ledo Road, Albany, Georgia  31707

Open House:

Monday, July 14 - 1:30 – 4:00

Monday, July 21 -  1:30 – 4:00

 

Auction Date:  Thursday, July 24, 2:00 PM

Property:  Seasons Christian Care Center, A Division of Lamad Ministries

Property Address:  2724 Ledo Road, Albany, Georgia 31707 (Dougherty County)

Assessor’s Parcel Number:   00300/00001/01J Dougherty County

GPS Coordinate:   31° 37.345'N  84° 12.632'W

Google Map Link:  http://goo.gl/maps/z3ERT     

 

Directions:  In Albany, Georgia at the intersection of Liberty Expressway and Nottingham Way (Exit 7) travel north on Nottingham Way .4 miles to Ledo Road.  Turn left onto Ledo Road and .4 miles to the entrance to Seasons Christian Care Center on the left.   Watch for Auction Signs!

 

Square Footage:  160,985

Parcel Size (Acres):  17.78 +/- Acres

Number of Buildings:  24 Residential Buildings plus an office with kitchen and gathering room

Number of Stories:  1

Number of Units:  148

Taxes (2013):   Currently tax exempt due to current non-profit status.  

 

Important  Features: 

This gated community offers 148 residential living units from one bedroom one bath units containing approximately 702 +/- sq. ft. all the way up to a few three bedroom three bath units with approximately 1490 +/- sq. ft.  At the time of bankruptcy filing this property was being operated as a Christian Adult (55+) Senior Living Community. 

 

Located in the prime area of Albany, Georgia just off Ledo Road and Nottingham Way this property has easy access to Liberty Expressway, Walmart, Lowes, Home Depot, Sam’s Club, the Albany Mall, churches, major banking institutions, and Albany’s best eating establishments.  With all the major amenities just short drives away, this property still conveys a quite, safe, and secure community feel.  Manicured lawns and flower beds adorn most units with concrete walking paths leading throughout the complex and to large quite garden / park areas, most homes look out over central green space just out their back doors. 

 

Unit Summary: (24) Rose Floor Plan - One Bedroom / One Bath 702 +/- Sq. Ft.*

                        (27) Azalea Floor Plan - Two Bedroom / Two Bath 896 +/- Sq. Ft.*

                        (22) Sunflower Floor Plan - Two Bedroom / Two Bath 1055 +/- Sq.  Ft.*

                        (24) Violet Floor Plan - Two Bedroom / Two Bath 1096 +/- Sq. Ft.*

                        (8) Dogwood Floor Plan - Two Bedroom / Two Bath 1215 +/- Sq. Ft.*

                        (9) Villa Floor Plan - Two Bedroom / Two Bath 1300 +/- Sq. Ft.*

                        (22) Villa Floor Plan - Two Bedroom / Two Bath 1350 +/- Sq. Ft.*

(12) Villa Floor Plan - Two Bedroom / Two Bath + Bonus Room and ½ Bath Option 1490 +/- Sq. Ft.*

*Please review the unit description spreadsheet for a more detailed description of each unit.

 

For More Information Please Contact:

 

Mark L Manley, CAI, AARE

Rowell Auctions, Inc.

[email protected]

(229) 891-1377


Terms & Conditions

Contract for Sale of Real Property: Each property is offered under the specific terms provided in the contract. The Contract for Sale of Real Property is available at the auction site and at www.rowellauctions.com, in the pre-bid package located from within the “View Documents” tab. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Contract for Sale of Real Property, Do Not Bid!

INTERNET BIDDING INCREMENTS
Range Minimum  Range Maximum  Increment
$1,000.00   $2,000.00  $50.00
$2,000.00  $5,000.00  $100.00
$5,000.00  $10,000.00   $250.00
$10,000.00  $30,000.00  $500.00
$30,000.00  $100,000.00  $1,000.00
$100,000.00  $250,000.00   $2,500.00
$250,000.00  $500,000.00  $5,000.00
$500,000.00 $1,00,000.00 $10,000.00
$1,000,000.00 $1,000,000.00+ $50,000.00


Rowell Auctions, Inc. has the sole authority to resolve any bidding disputes as they may arise.

Auction End Times: All Rowell Auctions, Inc. Online Real Estate Auctions are timed events and subject to extended bidding due to bidding activity. Rowell Auctions, Inc. reserves the right to adjust the auto extension time period.

Example: Rowell Auctions, Inc. Online Real Estate Auctions have a “Dynamic Close” auto
extend feature. Once the bidding reaches 10 minutes before the scheduled bid closing, the
“Rowell Dynamic Close” will begin. Upon receiving the first bid with under 10 minutes remaining, the bid closing will have an additional 10 minutes added. At that point the countdown continues. Example: If an auction scheduled to end at 2:00 p.m. receives a bid at 1:51 p.m., the close time of the auction automatically extends to 2:10 p.m. The auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the 10 minute time frame.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Rowell Auctions, Inc. will reject the registration, and bidding activity will be terminated.

Terms: At the close of the auction, successful bidders will be emailed the contract package to execute and return to Rowell Auctions, Inc. Successful bidders will deposit 10% of the contract price in the form of cashier's check or bank wire transfer with Rowell Auctions within 24 hours of receipt of the contract package. The entirety of the remaining balance is due at closing as stipulated in the “Contract for Sale of Real Property”. Purchaser shall be responsible for all wire transfer fees.

Buyer's Premium: A 10% Buyer’s Premium will be added to the bid price on all properties to determine the final contract price.

10% Buyer's Premium Example:
Bid Price: $100,000
Plus 10% Buyer's Premium: $10,000
Total Contract Price: $110,000

Contracts: Contract Packages will be sent by e-mail to the successful high bidder at the conclusion of the auction. Successful high bidder must execute and fax or email back to Rowell Auctions, Inc within 24 hours of receipt. 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.

Auction Administrative Fee: In the event a winning bidder fails to submit the signed 'Contract for Sale of Real Property' and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee. Additional default remedies are reserved by Rowell Auctions, Inc. and the Seller as provided in the Auction Terms & Conditions and the 'Contract for Sale of Real Property'. All administrative fees are non refundable.

Closing: Time being of the essence, these sales shall be closed on or before 30 days from bankruptcy court approval. The Lamad Auction Confirmation Hearing is set for August 5, 2014 at 3:00pm in Albany, Georgia. The purchaser will pay for all closing costs associated with the trans-action. The 2014 ad valorem taxes will be prorated as of the date of closing. (Please refer to the Contract for Sale of Real Property)

Software and Server Technical Issues: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Rowell Auctions, Inc., reserves the right at its sole discretion to extend bidding, continue the bidding, or close the bidding. THE COMPANY PROVIDING THE SOFTWARE nor Rowell Auctions, Inc. WILL BE HELD RE-SPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications are sent to registered bidders with updated information as deemed necessary by Rowell Auctions, Inc.

Refresh Bidding: Refresh your screen constantly during the closing minutes of the bidding, or Enable the Auto Refresh feature.

Agency Disclosure: In all transactions, Rowell Auctions, Inc. is acting as agent for the seller, not as buyer's agent. Rowell Auctions, Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. At auctions with reserve, the seller and/or auctioneer reserves the right to bid. On all other auctions, auctioneer reserves the right to bid on auctioneer’s behalf when permitted by law.

Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold 'AS IS' with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.
VIEW MAP
In Albany, Georgia at the intersection of Liberty Expressway and Nottingham Way (Exit 7) travel north on Nottingham Way .4 miles to Ledo Road. Turn left onto Ledo Road and .4 miles to the entrance to Seasons Christian Care Center on the left. Watch for Auction Signs!