Property Details
- Time to Build
- N/A
- State
- GA
- County
- Banks
- City
- Commerce
- GPS
- 34.258820, -83.343740
- Curent Zoning
- Residential
- General Elevation
- 650
- Taxes
- $200
- Conveyance
- Wife of Husband (owner) who has passed will sign
- Sewer
- Not known, likely either city or septic
- Parcel Size (in acres)
- 2.59
- Zip
- 30529
- Title Info
- Single Owner
- Access
- Well maintained dirt road
- Terrain
- Generally flat, some gentle hills in the area
- HOA Fees
- No HOA known
- Power
- Power poles are nearby so it should be practical to connect
- Water
- Not known, possible city supplied
- Phone
- Poles nearby, likely city supplied
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $7000 (5800 property + 1000 closing + 200 for tax) |
| Anticipated Sale Price: | $18,900 (will reduce to about 15,000 if it doesn't sell at that price) |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 120 days |
| Escrow or Notary Acquisition? | Escrow |
| Escrow or Notary Sale? | Escrow |
| Percent of Funding from Partner Required: | 100% |
| Equity Partner Profit Split: | 50/50% |
| Anticipated Budget: | $18900-7000 = 11900, equity partner 5950, property poster 5950 |
