After a discussion with the owners they have elected to offer owner financing for this property to qualified buyers. The transfer fee is negotiable between a buyer and seller of leasehold property and is due in full to Georgia Power each time a leasehold property is transferred from one leaseholder to a new leaseholder. If you have a question about Lake Sinclair you can leave it as a comment in this post and I'll answer it there too. // Custom JavaScript (Post) (Georgia Power Lease Lot) - Alan Haley | Lakeside Realty Company $2,400,000 7 Beds 7 Baths 8,824 Sq Ft 407 Mill House Rd, Sparta, GA 31087 Offering 288+/- Acres of peace and tranquility. Depending on where you are from, you may not be familiar with any other form of real estate ownership. This 15,000+ acre lake just outside of Milledgeville is known for having some of the cleanest, most crystal-clear waters in all of Georgia. Taxation of Georgia Power leasehold properties differs from fee simple properties. This is a Georgia Power lease property so no short term rentals allowede enjoy your swing and overlook the clear waters of Lake Sinclair. So many of the Condominiums Owners pay a Land Lease. [CDATA[ */ 706-484-7500. Our lakes, rivers and parks are perfect for indulging in your passion for the water and the great outdoors. For more information contact the Lake Sinclair Land Management Office of Georgia Power. Two of east Georgia's favorite lakes, Lake Oconee and Lake Sinclair, offer all the . Rodney- Georgia power leases are all only 15 years. The land above the 350 feet above sea level belongs to you in fee simple ownership. Lease Lot (Leasehold Ownership): With regard to Georgia Power leasehold ownership, the land lot (dirt) is owned by Georgia Power while the improvements (including structures, boathouse, etc.) All Rights Reserved. on ActiveRain. pre: function( $ ){ 4 Seed Lake Road 3 Bedroom Condo for Rent at 125 Wood Lake Dr #201, Athens, GA 30606. house for rent in suffolk county, ny by owner. For nearly fifty five years, Power Properties has been helping Athens, Oconee, and surrounding area residents . Purchasing a home on a Georgia Power Lease Lot Contact appropriate GPC lake office as soon as you are under contract to begin the process of transferring the lease. The dock has space for three boats to tie up, so bring all of your friends. Meet our leadership team, learn how we create a culture of diversity and inclusion and find data on our companys performance. A fee simple buyer is given the title (ownership) of the property, which includes the land and any improvements to the land in perpetuity. Thanks for reading. * ACCESS LEASE - The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. Carport with attached workshop is plumbed and could become a small apartment. 1034 Silver Drive, Suite 103 Greensboro GA 30642 706-453-3333 All rights reserved. We are proud of our reputation with both sellers and buyers and would be happy to provide recent references. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. Lakemont, GA 30552 Statewide Shoreline Guidelines Georgia Power is committed to preserving the scenic, environmental and recreational value of the lakes while complying with our Federal Energy Regulatory Commission (FERC) license and all federal, state and local laws and regulations. Check with the applicable school district prior to making a decision based on these boundaries. (Directions) Click to read why and how. Now let's talk about the 2nd lot with an RV canopy. GRI,IMSD-Taking the mystery out of real estate. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. She who controls the land ultimately wins. All content belongs to me unless otherwise stated. 706-746-1450, Office125 Wallace Dam Road Is it a residential lease or access lease? Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. So? (Directions) var cfflinkhashtags = "false"; More proof of why you need a local broker to assist with your lake purchase. Southern Company. 30650, Madison, Morgan County, GA . (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), 20+ Years Selling Homes in New Port Richey, FL, Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668, Tammy@lake-sinclair.com126 PEA RIDGE ROAD, Lake Sinclair: we love it, we know it, & we sell it. If you have any further questions please feel free to call me.Different types of lot ownership on Lake Sinclair can be confusing. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. This 1.1 acre property is located at Lake Crest Dr Lot 63 in Sparta, GA 31087 with latitude 33.2867 and longitude -83.1593. Georgia Power maintains flood rights to the 350 elevation on this property and residents need a license agreement with Georgia Power for building or maintaining any seawalls or docks on the lake. (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ We are there before, during, and after the sale. This is a great explanation.. and it is important for buyers to know the difference and what the pros and cons may be so they can make an informed decision. The information below was provided from the Georgia Land Managment office and subject to change. Georgia Power has a standardized 15-year lease agreement (with a guaranteed 15-year renewal) on the property. Stay safe on the water during all seasons. Perfect site for a walk out basement home on this large over an acre lot. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. All Rights Reserved. This is an example of why a LOCAL agent is so important. Tammy - that's really important info and you did a great job explaining it. Eatonton, GA 31024 This portion of the property will not be described in a legal warranty deed as its separate and apart from the fee simple property the owner is purchasing. .wpb_animate_when_almost_visible { opacity: 1; } Tammy The lake property queen speaketh.those that need to know are pleasedToday's headlines. Please see the descriptions of each lot type below: Fee Simple: Fee simple ownership is probably the most familiar form of ownership to buyers of residential real estate. It is a prime location for fishing, tournaments, swimming, boating, and camping and even offers several marinas for the convenience of locals and visitors. 2023 ActiveRain, Inc. All Rights Reserved :) homeFair Housing: Fair Housing and Equal Opportunity, Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695, RETIRED / State License is Inactive - Portland, OR, Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA, Broker GA Lake Sinclair/Eatonton/Milledgeville, VP of Mortgage Lending - AL, FL, GA, SC, & TN, MoonDancer Realty, Dillsboro,NC - Sylva, NC. How can I reserve a campsite or a pavilion at a Georgia Power park? The lease runs for 15 years and rates range from $900 to $1100. Check out these frequently asked questions to find answers before contacting the local land management office. GPC at minimum will maintain Project Boundary rights, regardless of lake, and may have flood rights or a flood easement on the private-owned lot, which allows us to potentially limit or restrict structures in these areas. * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) Yet another reason to hire me with myh 45 year local history and 20 years in real estate. Please choose the applicable permit form(s) below. 404-954-4040, Office4 Seed Lake Road If the subject property is adjacent to land owned by you, you must also include a copy of the deed evidencing your ownership of the adjacent land. I would think any caller phoning in and being able to get this kind of info would have been super impressed and hired you on the spot! 706-322-0228. For readers who are not members of ActiveRain feel free to also add your comments or you can click on the EMAIL me link to the right of this blog and email me. Our team of five full time REALTORS provides Very common in England but not in the US. gtag('config', 'AW-1033187946/ERJ7CJiyw8QBEOrk1OwD', { To help you determine the value of leased lot properties, below are some links to listings in Georgia Power Lease Areas: Georgia Power Area 2 . Georgia Power media spokesman Do not use without permission. Call me today for all your Lake Sinclair real estate needs. For additional information regarding Georgia Power leasehold ownership, we encourage you to visit the Georgia Power Shoreline Management Guide. var PhoenixTeam = {"THEME_SLUG":"xenia","ajaxUrl":"https:\/\/lake-burton-rabun.com\/wp-admin\/admin-ajax.php","nonce":"2b643dfc6e"}; 1,523 were here. Tammy what great information, many buyers are not familiar with. RESIDENTIAL INFORMATION SHORELINE GUIDELINES. Are you sure you want to report this blog entry as spam? View this data to determine the current lake level based on rain fall. Georgia Power is committed to preserving the scenic, environmental and recreational value of the lakes while complying with our Federal Energy Regulatory Commission (FERC) license and all federal, state and local laws and regulations. ActiveRain, Inc. takes no responsibility for the content in these profiles, But sometimes power is overshadowed by control. but none of the land. Georgia Power . New Created Listings. Great information for your lake buyers! Lake Oconee is located about an hour from Atlanta in central Georgia's lake country. I'd like to ask someone I know is using the same one to check it out. You might be surprised to learn that were the largest non-governmental provider of recreational facilities in Georgia. She asked "Do you have it on line?" Find GA real estate agents We only have one subdivision that I know of where that applies, but it still confuses many. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. /*! Requirements to transfer a GA. Power fully . West Georgia Bartletts Ferry Lake Resources Office 1516 Bartletts Ferry Road Fortson, GA 31808 706-322-0228 Monday - Friday 8 a.m. - 5 p.m. (EST) Get an annual pass The pass is good at all Georgia Power Public Access Areas across the state, including boat ramps, fishing piers and day-use parks. Access leases run for 15 years with a current rate of $100 per year. Georgia Power owns the land and leases the land to the owner of the improvements. that are written by the members of this community. Lake Sinclair is a man-made lake that was created when the Oconee River was dammed by Georgia Power. Please allow three to four weeks for lease transfer. Email: laketeam@icloud.com. The three bedroom two bath home is ready for weekend fun. (Directions) Previously I laid out the 4 different types of property ownership on Lake Sinclair. // Custom JavaScript (Pre) We offer buyer agency, so you can be represented and aided in negotiations and guided to lenders that handle the unique lending process that lease properties present. ready: true, This file is auto-generated */ This can include but may not be limited to bathrooms, boat docks, fishing piers and picnic areas. Bob- in our area only certain local lenders will do some of these. Deeded property homes: With deeded property, Georgia Power owns a strip of and along the waters edge. This portion of the property will not be described in a legal warranty deed as its separate and apart from the fee simple property the owner is purchasing. Claim this listing and start receiving real-time leads today! Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. If property line is not clearly identified, we recommend the line be marked on the ground by a licensed surveyor. Homeowner's also are responsible for their specific county's property tax. Brokerage. Georgia 238 Listings $5K-$1.4M $66.7M Total Value Lake Sinclair real estate is considered the fourth largest market for lake homes and lake lots in Georgia. Rates change from year to year, but below are the 2011 rates. var FOOBOX = window.FOOBOX = { There is a lease transfer fee associated with purchasing one of these lots. (Directions) 706-484-7500. Office: 404-408-HOME The great part about Georgia Power lease lots is size, many of them are larger and with lots more shorline than your average fee simple lot. The lease runs for 15 years and rates range from $900 to $1100. Dear Tammy,You said that Lake Sinclair is a Georgia Power lake, does this mean all the lots are leased from Georgia Power Company?The answer can sometimes be confusing as there are 4 different types on ownership on Lake Sinclair. Lake elevations are always subject to change, depending on river conditions. Access your secure online account 24/7, explore money-saving products, compare rate plans and find rebates and incentives. 706-322-0228, Office180 Dam Road It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Operated by Georgia Power, Lake Sinclair came to life in 1953. This browser is no longer supported. Quick Search: Our office's listings. Georgia Power owns both Lake Oconee and Lake Sinclair, and water levels are controlled by the Wallace Dam. What kind of Lease? Now let's talk about the 2nd lot with an RV canopy. Power for Residential Customer Satisfaction in Segment, Georgia Public Service Commission approves Georgia Powers amended 2022 rate request, Georgia Power prepared for winter freeze this week, Georgia Power working to repair damage caused by severe, high winds and extremely low temperatures, Call Before You Dig or Work | Electrical Safety. Lake level based on these boundaries for more information contact the Lake Sinclair came to in. Term rentals allowede enjoy your swing and overlook the clear waters of Lake is... Depending on River conditions in Georgia home on this web site comes in part from the Reciprocity... Diversity and inclusion and find data on our companys performance carport with attached workshop is plumbed and become. Surprised to learn that were the largest non-governmental provider of recreational facilities in Georgia 2011! On where you are from, you may not be familiar with any other form of real agents. 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Not necessarily endorse the real estate ownership the members of this community you in simple! Of and along the waters edge listing and start receiving real-time leads today data determine... Improvements ( house, dock, etc. property is located at Lake Crest Dr 63... Listing photos, review sales history, and water levels are controlled by the members this! Clearly identified, we encourage you to visit the Georgia land Managment office and subject to change, on! Year local history and 20 years in real estate filters to find answers before contacting local. Lake just outside of Milledgeville is known for having some of these lots clear waters of Lake,. Property so no short term rentals allowede enjoy your swing and overlook the clear waters of Lake Sinclair offer! I reserve a campsite or a pavilion at a Georgia Power leasehold ownership, we encourage you to visit Georgia. Subject to change, depending on River conditions below are the 2011 rates for the water and the outdoors. Dock has space for three boats to tie up, so bring of... Are you sure you want to report this blog entry as spam the three bedroom two bath is. An RV canopy the owner of the cleanest, most crystal-clear waters in all of your friends real-time. & # x27 ; s Lake country owner of the Condominiums owners pay a lease!
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