Saturday, AUGUST 4th 10 A.M. (CDT)
Waterfront Real Estate Auction
1 Waterfront Building Lot and 9 Waterfront Recreational Lots
All on beautiful WEISS LAKE at Yellow Creek Falls. A portion of the Historic T.A.G. Railway rests on this amazing property.
Selling on location at 720 County Road 365, Leesburg, AL
We are privileged to offer at public auction this beautiful waterfront property in perhaps one of the most historic and popular areas of WEISS Lake. This is truly an opportunity of a lifetime. Lots 1-9 are recreational lots and Lot 10 is a building lot. The lots will be offered separate and then back as a whole.
This property rests on beautiful Weiss Lake which consists of 30,200 acres and is fed by the Coosa River, Chattooga River and Little River. Weiss Lake offers over 447 miles of shoreline with shallow flats, large coves, under-water drop offs and deep channels. It is considered "The Crappie Capital of the World".
The picturesque waterfalls at Yellow Creek flow over natural rocks into Weiss Lake at the footers of the Tennessee, Alabama & Georgia Railway trestle. Yellow Creek Falls, can be seen from Alabama Hwy 273 near Leesburg, and is a favorite destination for boaters and kayakers. In 1911, this scenic route which ran the length of Lookout Mountain from Chattanooga, Tennessee to Gadsden, Alabama was known as the T.A.G. Rail Line. Sometime between 1930 and 1951, the T.A.G. Rail Line discontinued passenger service and operated a small gasoline motor car, the "Scooter," to haul passengers and mail. In 1971, the line was purchased by the Southern Railway System and segments were abandoned in the 1980's. source:
This is YOUR opportunity to own a piece of history on Weiss Lake. The owner's have decided to offer owner financing on these lots making it even easier for YOU to build that dream waterfront home or to simply find a great place to park your RV or camper or even build a recreational structure on stilts. Get ready to cast your cares away for the weekend, the summer, or year round. Get ready to make Yellow Creek YOUR new favorite place to be!
Click any Picture Below to Begin Photo Gallery.
Things to know for this auction:
Auction Site: On location at 720 County Road 365, Leesburg, AL 35983
Directions to Auction Site: From Leesburg at the intersection of AL Hwy 68 and US Hwy 411, take AL Hwy 68 toward Collinsville for 1 mile to AL Hwy 273 and turn right, go 3.6 miles to County Road 365 (Yellow Creek Falls Fish Camp) and turn left, County Road 365 dead ends to the property. Auction signs are posted.
Preview: Preview property at any time. You may also contact our office to have an auction representative meet you at the property.
Registration: Registration begins 1 hour prior to auction start time. All interested persons must register to bid prior to bidding.
Terms: There is a 10% Buyer’s Premium on the Real Estate that will be added to Purchaser’s bid to arrive at the final bid price. The ten percent (10%) Buyer's Premium is due on day of auction for the Real Estate and will serve as the deposit. The deposit will be held in escrow until closing. Balance due at closing. Closing will be held on or before September 4th, 2018. This sale is not contingent on a potential buyer’s ability to obtain financing.
Owner financing is available with 30% down (10% due on day of auction and the other 20% due at closing within 30 days) the remaining balance will be financed at a rate of 8% for 10 years (120 months).
All property is being sold "AS IS" without any warranties, guarantees, or promises.
Restrictions: Any shoreline development on any lot must obtain approval by the Alabama Power Shoreline Management office.
Survey/Development Fee: A $600 per lot survey/development fee is due and payable by the purchaser on the day of the auction.
Concessions: Free BBQ will be served at this auction.
ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY ORAL, PRINTED, or PUBLISHED INFORMATION.