You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. on ActiveRain. GPC has absolute authority regarding this shoreland strip and determines what can or cannot be done on this portion of the property. 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. Show only listings with virtual tours. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. Volunteer and help us clean our rivers, streams, lakes and wetlands by joining a local cleanup program. The land is located at 24 7th Street Ellijay, Georgia, in Gilmer County. 404-954-4040, Office4 Seed Lake Road
Thanks for reading. 1,456 sqft (on 0.48 acres) 944 Lakeview Cir, Sparta, GA 31087 0.5 ACRES $460,000 3bd 2ba 1,768 sqft (on 0.50 acres) 570 River Ridge Trl, Sparta, GA 31087 0.51 ACRES $349,900 3bd 2ba 578 Gardenia Rd, Sparta, GA 31087 2.42 ACRES $384,900 3bd 3ba 2,200 sqft (on 2.42 acres) 106/108 Brenda Ln #2/3, Sparta, GA 31087 0.5 ACRES $424,000 2bd 2ba (Directions)
You can always call them to verify the current information at 706-485-8704. I'll be happy to tell you or find out if I don't already know. 706-746-1450, Office125 Wallace Dam Road
Lake Sinclair and Milledgeville and Eatonton have a lot to offer. Lakemont, GA 30552
There are four types of ownership for property on Lake Sinclair. Used under license. (Directions)
Copyright 2023 GAMLS. may encroach over this property line. If property line is not clearly identified, we recommend the line be marked on the ground by a licensed surveyor. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. 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. MLS Number Property Type List Price Waterfront Location County Site Built Area Only Subdivision Apx SqFt Bedrooms Full Baths Half Baths City Street Name Year Built Construction Ownership. },
More proof of why you need a local broker to assist with your lake purchase. GPC owns the land/lot and lessee owns the improvements (dwelling, shoreline structures). * RESIDENTIAL ACCESS - The property owner owns the land above the Georgia Power Company property, but the home site is partially or totally on the Georgia Power land. Our proprietary database allows us to track current and historic trends such as values, marketing times, and inventory. 1034 Silver Drive, Suite 103 Greensboro GA 30642 706-453-3333 So yes, there are pros to them too. Are you sure you want to report this blog entry as spam? Of that, 30,000 acres is being used for wildlife management areas operated by the Wildlife Resources Division of the Georgia Department of Natural Resources. Georgia's 70,150 miles of streams and rivers need your help. (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. She who controls the land ultimately wins. Carport with attached workshop is plumbed and could become a small apartment. A "strip lease" has no part . North GeorgiaLake Resources Office Cruise the waves. * RESIDENTIAL ACCESS - The property owner owns the land above the Georgia Power Company property, but the home site is partially or totally on the Georgia Power land. Rip Rap seawall with over 130 feet of water frontage. There are typically 190 lake homes for sale on Lake Sinclair at any given time. Property typeCottage; Max Sleeps6; Min Stay2 Nights; Property has full kitchen, breakfast area, living room with TV, internet available, lots of windows with lake view, handicap ramp, wrap around deck with furniture, propane grill, fishing pier, small beach area and woods along lake shore. Because new lots are no longer available, lots are usually acquired in the form of a lease transfer. 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. What kind of Lease?
Access leases run for 15 years with a current rate of $100 per year. Are you sure you want to report this blog entry as spam? What's the reason you're reporting this blog entry? Buyers need to work with someone that knows how it all works. Lakemont, GA 30552
Fee Simple lot owners receive one annual tax bill from Rabun County that includes tax for both the land lot and improvements. Access lots contain a portion of shoreland which is owned by GPC in fee. Save your search and be the first to know. Now let's talk about the 2nd lot with an RV canopy. A strip lease lot has two separate types of ownership on the same lot. ActiveRain, Inc. takes no responsibility for the content in these profiles, For 2018, the payment structure for a new lease is structured as follows: $1100 a year for the first 5 years, $1200 a year for the next 5 years and $1300 for the final 5 years. Annual lease fee is $1,200 (due May 1st) until April 30, 2028. I like to have as much information available on line as I can. The utility company will continue to pay annual property taxes of about $1.5 million dollars to Putnam County, down from $4.5 million in 2013 before closure plans were announced. Thanks for reading. (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){
Before a lease is issued, the lessee will be responsible for meeting certain requirements. The dock has space for three boats to tie up, so bring all of your friends. Each year from Memorial Day through Labor Day, a larger section of the park opens . With a combined 48 years of real estate sales experience we understand and share our vast knowledge of the lake market so you can make
This 3-bedroom, 2-bathroom vacation rental has everything you'll need to simply sit back, relax, and enjoy a day on the lake. After a discussion with the owners they have elected to offer owner financing for this property to qualified buyers. Mail to: Fax: Email: Georgia Power Company Attn: Brenda Westbrook 241 Ralph McGill Blvd NE BIN 10151 Atlanta, Georgia 30308 (404) 506-4132 bcwestbr@southernco.com Do not use without permission. Eatonton, GA 31024
Jackson, GA 30233
People always say "the 99 year lease" the folks at GA power just laugh when I ask them about it. :). (a.addEventListener("DOMContentLoaded",n,!1),e.addEventListener("load",n,!1)):(e.attachEvent("onload",n),a.attachEvent("onreadystatechange",function(){"complete"===a.readyState&&t.readyCallback()})),(e=t.source||{}).concatemoji?c(e.concatemoji):e.wpemoji&&e.twemoji&&(c(e.twemoji),c(e.wpemoji)))}(window,document,window._wpemojiSettings); Bedroom3; Baths2; Property typePrivate Vacation Home; Max Sleeps7; Min Stay2 Nights; Milledgeville may be small, but it's packed with history and entertainment! How many names (lessee's) are allowed to be on a Lake Sinclair lot lease? 706-322-0228, Office180 Dam Road
An annual fee applies. // Custom JavaScript (Pre)
All content belongs to me unless otherwise stated. 1.72 acres in total. 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, http://www.lake-sinclair.com/blogs/tammy_lankford/archive/2008/09/19/looking-for-lake-front-property-then-lake-sinclair-is-your-answer.aspx. 1,523 were here. Community emPowering Environment Lakes and Rivers Lakes FAQs Our Lakes Daily Lake Levels River Levels Water Safety Volunteer Programs FAQs Get the answers to some frequently asked questions regarding Georgia Power lakes. Private owner has ownership rights down to the high-water mark of the lake. Georgia Power . %PDF-1.6 % Todays Housing Supply Gives You Two Opportunities. Hi Tammy, you truly sound like the expert in this bit of localism for your area. Broker License # 169695 Lane Realty License # H-11420. I was told only one, but wanted to confirm. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Good luck with the buyer! Rates change from year to year, but below are the 2011 rates. This file is auto-generated */ Georgia Power does own some of the land and lease it. that are written by the members of this community. This property allows year-round RV only access for only $699 yearly which includes HOA and taxes. 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. Back in late 50s and early 60s the power company was selling this land. Search databases, industry studies and information regarding infrastructure. 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. HyperLocal Neighborhood and Community Posts, georgia power lease property at lake sinclair. I'd like to ask someone I know is using the same one to check it out. 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. Georgia Power is known for Value, Reliability, Service and Stewardship. gtag('config', 'AW-1033187946'); The transfer of lease is required to take place in conjunction with your closing. Before starting any of the activities listed below, a valid Georgia Power permit must be obtained by every homeowner for any activity on Georgia Power land. There is a lease transfer fee associated with purchasing one of these lots. 706-746-1450, Office125 Wallace Dam Road
706-484-7500. (Directions)
You can always call them to verify the current information at 706-485-8704. Mobile: 706-715-5550 Do you ever have buyers who say, "I'm not familiar with any of this, just let me see houseswith the best type of ownership I can have"? Do not reuse text or graphics without written permission. It's shadier, the forested coves calmer and more waterfront campsites are available. Over the last 11 years The Lake Team has been involved in over $270,000,000 in sales on
Georgia Power owns the land and leases the land to the owner of the improvements. All Rights Reserved. Email: laketeam@icloud.com. Eatonton, GA 31024
This leads to stable water levels year-round, even in the case of drought. 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. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Joan- some of those lease lots are exceptional in size and views they offer. Write posts that last forever aka evergreen, Avoid the rant, blogging and on social media. There is a lease transfer fee associated with purchasing one of these lots. 2017 Georgia Power. Russel- the link worked for me. It looks like Georgia Power has all of the power at Lake Sinclair. Deeded property homes: With deeded property, Georgia Power owns a strip of and along the waters edge. Hi Tammy, great post and explanantion. Depending on where you are from, you may not be familiar with any other form of real estate ownership. A short explanation of the 4 types of ownership: It may sound a bit complicated and even be confusing to you after an explanation. Georgia Power helps businesses make smart investments in energy efficiency. Make 2022 your most efficient year yet. {"@context":"https:\/\/schema.org","@type":"Organization","url":"https:\/\/lake-burton-rabun.com\/","sameAs":[],"@id":"https:\/\/lake-burton-rabun.com\/#organization","name":"The Lake Team","logo":"http:\/\/lake-burton-rabun.com\/wp-content\/uploads\/2018\/05\/header2018.jpg"}
Meet our leadership team, learn how we create a culture of diversity and inclusion and find data on our companys performance. informed decisions when buying and selling. 400+ miles of shoreline and over 15,000 acres of surface area. All rights reserved. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. var PhoenixTeam = {"THEME_SLUG":"xenia","ajaxUrl":"https:\/\/lake-burton-rabun.com\/wp-admin\/admin-ajax.php","nonce":"2b643dfc6e"}; 1516 Bartletts Ferry Road Our lakes, rivers and parks are perfect for indulging in your passion for the water and the great outdoors. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Learn how we are A Citizen Wherever We Serve plus tips to prevent fraud and stay safe around water or electricity. Lake Sinclair boasts over 500 miles of . Now let's talk about the 2nd lot with an RV canopy. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. /* Run FooBox FREE (v2.7.17) */
I was really interested in the why and how Lake Sinclair stays full, but there's no link, and where I did wind up didn't seem to have any information about that interesting fact. 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. Georgia; Lake Sinclair; Enjoy Lake Living with Open Lake Views $399,000. Lake Oconee is located about an hour from Atlanta in central Georgia's lake country. And having been born and raised in this area, I can also tell you where the best coves are for skiing and fishing. Some of those lease lots have homes for sale. Logos and photographs may also be copyright registered. While visiting Lake Sinclair, minutes from downtown Milledgeville, there is so much more you must plan to do. Sinclair Lake has the distinguished honor of not only being one of the best lakes in Georgia (see more of our top picks above), but also the clearest lake in Georgia. She asked "Do you have it on line?" 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 standard answer that we provide to our clients is the following handout. Many times we get that question when people begin their Lake Sinclair property search and explain there are different types of overship found around our lake. The "99" number is what I heard for years. 404-954-4044, East Georgia Lake Oconee/Sinclair Resources Office Please do not use without my express written permission. Lake Sinclair is a man-made lake that was created when the Oconee River was dammed by Georgia Power. Looking for land on Sinclare either ga power lot or owner Fin. Learn more about water and boating safety rules, and licensing information. (Georgia Power Lease Lot) - Alan Haley | Lakeside Realty Company. License agreements are free and simply give us the necessary control of issues as aesthetics and the environment. The fee simple owner has the right to possess, use the land and dispose of the land as he wishes sell it, give it away, trade it for other things, lease it to others, or pass it to others upon death. Property Details. Lake Oconee/Lake Sinclair | Eatonton GA Check with the applicable school district prior to making a decision based on these boundaries. All content belongs to me unless otherwise stated. Please choose the applicable permit form(s) below. Bob- in our area only certain local lenders will do some of these. Carla- they would likely find out when the lender kicked the loan only local banks will lend on these lease lots. Please allow three to four weeks for lease transfer. Since the lease is for 15 years, if you are seeking a mortgage, it will probably be limited to a 15 year term. // Custom Extra JS
About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Manage your commercial account, access billing and payments, find commercial rebates and savings specific to your industry. We only have one subdivision that I know of where that applies, but it still confuses many. Great information for your lake buyers! Georgia Power is committed to the communities where we live and work. council tax wolverhampton; gate: weigh anchor light novel read; road trip from albuquerque to white sands; worst neighborhoods in delaware county; david seguin and maangchi; nancy morgan obituary; kings creek country club membership cost 0 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. So? Georgia Power owns the land and leases the land to the owner of the improvements. Endre- that's my in laws favorite anniversary destination they should visit again soon. For 2018, most Georgia Power leasehold lots have a standard transfer fee of $20,000. 125 Wallace Dam Road /*! function gtag(){dataLayer.push(arguments);} Logos and photographs may also be copyright registered. Zillow, Inc. holds real estate brokerage licenses in multiple states. Fortson, GA 31808
but none of the land. All Rights Reserved. Toni- Thanks. Georgia Power has established a lease transfer fee that is relevant solely to leasehold properties. Office: 404-408-HOME RESIDENTIAL INFORMATION SHORELINE GUIDELINES. Broker License # 169695 Lane Realty License # H-11420. Office1516 Bartletts Ferry Road
There is a $5 parking fee. Now let's talk about the 2nd lot with an RV canopy. Carport with attached workshop is plumbed and could become a small apartment. GPC Residential Lease Lot GPC owns the land/lot and lessee owns the improvements (dwelling, shoreline structures). How can I reserve a campsite or a pavilion at a Georgia Power park? Broker License # 169695 Lane Realty License # H-11420. * ACCESS LEASE - The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. . * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. View this data to determine the current lake level based on rain fall. Tammy what great information, many buyers are not familiar with. Contact appropriate GPC lake office to begin early renewal process. Eatonton, GA 31024
Georgia Power media spokesman All rights reserved. Plus, Old Salem is just a couple of miles away from a major grocery store, the area's . 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. 'Cause if I was in your area, that would be me, LOL, Carla- actually I'm surprised by the number of folks chiming in who also have lease property. You won't find any big hotels or resort along it's 417 miles of easy-going scenic shoreline. 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. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them Georgia Power Leasehold Vs. Fee Simple Ownership: Georgia Power Leasehold Vs. Fee Simple Ownership. /*
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