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. Mobile: 706-715-5550 All Rights Reserved. var easy_testimonials_reveal = {"show_less_text":"Show Less"}; Property For Rent In Madison, Georgia. Space to dock a boat available upon request. Thats one of the best reasons to choose an agent familiar with Lake Sinclair who specializes in this area and is a member of the Lake Sinclair area MLS (Baldwin Multi-List) when shopping for aLake Sinclair home. 305 Burtom Rd, Eatonton, GA 31024 MLS ID #20093742, SINCLAIR RESERVE REALTY LLC $459,000 3 bds 2 ba 1,380 sqft - Home for sale 57 days on Zillow 108 Bobcat Trl, Eatonton, GA 31024 MLS ID #20104757, KELLER WILLIAMS RLTY ATL PART $99,900 (Georgia Power Lease Lot) - Alan Haley | Lakeside Realty Company. 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 The lake was formed by damming the Oconee River. Zillow, Inc. holds real estate brokerage licenses in multiple states. So many of the Condominiums Owners pay a Land Lease. An annual fee applies. 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. function gtag(){dataLayer.push(arguments);} /* */ Jackson, GA 30233 So, owners of leasehold properties on our area lakes receive a property tax bill from Rabun County that taxes various property improvements (house, boathouse, etc). 3 Bedroom Condo for Rent at 125 Wood Lake Dr #201, Athens, GA 30606. Thanks for reading. You must sign original legal documents from GPC andhave them notarized and witnessed in order to validate document. and Eatonton real estate Private owner has ownership rights down to the high-water mark of the lake. You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. Contact appropriate GPC lake office as soon as you are under contract to begin the process of transferring the lease. ], Bob- in our area only certain local lenders will do some of these. may encroach over this property line. The yearly lease fee is $900 at this time. Thanks for reading. 706-484-7500. You will get some lower water levels in extreme drought, but not in comparison to many other Georgia lakes. Contact appropriate GPC lake office to begin early renewal process. Lakemont, GA 30552 Asking: $39,000 The lot is for sale$39,000. Fannie Mae requires that the term of the leasehold estate must run for at least 5 years beyond the maturity date ofthe mortgage unless fee simple title will vest at an earlier date in the borrower, a homeowner's association, or a co-op cooperation. You have an odd situation there, and I am glad that you keep exlaining it. This comes from a commitment to the highest level of quality service to our buyers and sellers. A short explanation of the 4 types of ownership: It may sound a bit complicated and even be confusing to you after an explanation. There is a lease transfer fee associated with purchasing one of these lots. Make 2022 your most efficient year yet. GRI,IMSD-Taking the mystery out of real estate. Call me today for all your Lake Sinclair real estate needs. (Directions) Georgia Power media spokesman Purchasing an Access Lot on Georgia Power Lakes Access lots contain a portion of shoreland which is owned by GPC in fee. 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. Because new lots are no longer available, lots are usually acquired in the form of a lease transfer. 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. (Directions) }; Please call the local land management office to confirm whether your needs can be met at the facility you are planning to visit. Email: laketeam@icloud.com. 706-484-7500. * ACCESS LEASE - The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. What types of boats are allowed on Georgia Power lakes? Georgia Power owns the land and leases the land to the owner of the improvements. 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. 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. Please allow three to four weeks for lease transfer. Rates change from year to year, but below are the 2011 rates. Georgia Lake Sinclair Two water front lots on Lake Sinclair that are friendly due to $345,000 105 Rock Lake Drive, Eatonton, GA 31024 3 br, 2.0 ba, 2004 1323 sf Putnam County Ad #: 3091819 Lake Home For Sale Two water front lots on Lake Sinclair that are friendly due to not being Georgia Power lease lots. Looking for land on Sinclare either ga power lot or owner Fin. Our lakes, rivers and parks are perfect for indulging in your passion for the water and the great outdoors. So they really should work with someone who knows the ins and outs of what the lease can mean. ActiveRain, Inc. takes no responsibility for the content in these profiles, For leasehold properties, the Georgia Department of Revenue taxes Georgia Power for their land holdings. Logos and photographs may also be copyright registered. Is this your business? Access Lot GPC owns a strip of land between the lake and the privately owned property. Lakes open for duck and goose hunting: Lake Burton, Lake Seed, Lake Rabun, Tallulah Falls Lake, Lake Tugalo and Lake Yonah. Office1516 Bartletts Ferry Road All of our contractors are fully licensed and insured and have years of experience to provide you with the best end result. 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. How many names (lessee's) are allowed to be on a Lake Sinclair lot lease? A new as-built survey may be required at time of transfer. // Custom Extra JS Eatonton, GA 31024 Fortson, GA 31808 706-746-1450, Office125 Wallace Dam Road If you are looking for Lake Sinclair property Lane Realty has a staff of full time agents that bring a combined 100+ years of experience to the table to help you. GPC has absolute authority regarding this shoreland strip and determines what can or cannot be done on this portion of the property. Georgia Power outdoor recreation facilities offer areas accessible to people who use wheelchairs or have special physical limitations. 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. /* ]]> */ 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. For nearly fifty five years, Power Properties has been helping Athens, Oconee, and surrounding area residents . Eatonton, GA 31024 }); Many potential buyers of Lake Burton, Seed Lake, and Lake Rabun properties ask us: What is the difference between a fee simple lot and a Georgia Power lease lot?. 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. Rip Rap seawall with over 130 feet of water frontage. Leave an anonymous comment or Log on to ActiveRain to comment as a member. Please allow three to four weeks for lease transfer. 7.11 Acres in Hancock County - Country Acreage on Lake Sinclair - 2-3 Potential Homesites - Located at Back End of Cove - Cove is Directly off Main Channel - Easily Launch a Kayak, Canoe, or Jon Boat - Part of Sinclair Bluffs Community - No HOA or Community Restrictions - Mobile/Modular Homes Allowed - Power & Water Available at Road - Surveyed . Learn more. You may select a form(s) to submit online, or select each applicable PDF to print, fill out, then mail or fax to your Land Management Office. 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