georgia power lease lots on lake sinclair

Today I had a call asking about one of those homes that is located on a Georgia Power lease lot. Lot has been cleared and has a temporary power pole in place. There is an access lease of 15 years with a lease fee of $100 . Mobile: 706-715-5550 /* Run FooBox FREE (v2.7.17) */ Sounds like Georgia? Richard- myth all GA power leases are 15 years. There is a lease transfer fee associated with purchasing one of these lots. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them 1.72 acres in total. request. 2017 Georgia Power. 404-954-4044, East Georgia Lake Oconee/Sinclair Resources Office This file is auto-generated */ 706-746-1450, Office125 Wallace Dam Road The three bedroom two bath home is ready for weekend fun. area lakes representing 93 sellers and 107 buyers of lake homes. Carport with attached workshop is plumbed and could become a small apartment. Looking for land on Sinclare either ga power lot or owner Fin. 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). Listing data sourced from Georgia Multiple Listing Service # 20105948. Jo- sadly this might not exist in our area if not for interference of the federal government. (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); 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. Are you sure you want to report this blog entry as spam? My "not" marketing, yet marketing secret weapon. You will get some lower water levels in extreme drought, but not in comparison to many other Georgia lakes. 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. {"@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"} * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) It is a prime location for fishing, tournaments, swimming, boating, and camping and even offers several marinas for the convenience of locals and visitors. Guess who made them stop. 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. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Email: laketeam@icloud.com. I was told only one, but wanted to confirm. Tammy - that's really important info and you did a great job explaining it. Georgia Power will not issue permits to new owners or validate the presence of existing shoreline structures until property owners have signed a proper legal agreement with Georgia Power. A fee simple buyer is given the title (ownership) of the property, which includes the land and any improvements to the land in perpetuity. 706-484-7500. Hi Tammy, great post and explanantion. Our Community & Economic Development organization is supporting leaders in local communities to bring new jobs and capital investment to Georgia. Logos and photographs may also be copyright registered. How can I reserve a campsite or a pavilion at a Georgia Power park? var FOOBOX = window.FOOBOX = { The transfer of lease is required to take place in conjunction with your closing. Your email address will not be published. * ACCESS LEASE -The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. So? :). I love helping someone find their lake home. My "not" marketing, yet marketing secret weapon. pre: function( $ ){ Lease rates are the same as for a full lease, ranging from $900 to $1100 over a 15 year period. Fortson, GA 31808 Lakemont, GA 30552 404-954-4040, Office4 Seed Lake Road Learn more. Call me today for all your Lake Sinclair real estate needs. What's the reason you're reporting this blog entry? /* ]]> */ All Rights Reserved. Green County Building & Zoning. I like to have as much information available on line as I can. Please do not use without my express written permission. If you still have questions then you can call me and I'll try to explain further or get you in touch with a real estate attorney and/or Georgia Power land development/managment office. Georgia Power owns both Lake Oconee and Lake Sinclair, and water levels are controlled by the Wallace Dam. 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. Brokerage. on ActiveRain. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. 706-322-0228, Office180 Dam Road RESIDENTIAL INFORMATION SHORELINE GUIDELINES. Rates change from year to year, but below are the 2011 rates. 706-322-0228, Office180 Dam Road 2017 Georgia Power. Please see our. Jackson, GA 30233 (Directions) Please advise. 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. There is a lease transfer fee associated with purchasing one of these lots. The land is located at 24 7th Street Ellijay, Georgia, in Gilmer County. Lakemont, GA 30552 (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ The land between 350 feet above sea level and the shore line of Lake Sinclair, which is 340 feet above sea level belongs to Georgia Power and you pay a lease fee. 400+ miles of shoreline and over 15,000 acres of surface area. 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 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. We always have water at lake sinclairLake Sinclair stays full even during droughts. So many of the Condominiums Owners pay a Land Lease. Can't imagine their joy if they found about this during closing. Volunteer and help us clean our rivers, streams, lakes and wetlands by joining a local cleanup program. Please switch to a supported browser or download one of our Mobile Apps. Space to dock a boat available upon request. You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. Daily lake levels may fluctuate because of varying amounts of rainfall and the volume of water that passes through the dam for electricity generation. The property is currently available for sale at a price of $200,000. Level 3 soil report. Zillow, Inc. holds real estate brokerage licenses in multiple states. Taxation of Georgia Power leasehold properties differs from fee simple properties. Property Details. Our team of five full time REALTORS provides A short explanation of the 4 types of ownership: It may sound a bit complicated and even be confusing to you after an explanation. We only have one subdivision that I know of where that applies, but it still confuses many. The individual has the right to renew the lease at the end of 15 years as long as they comply with the lease. GRI,IMSD-Taking the mystery out of real estate. 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. North GeorgiaLake Resources Office A strip lease lot has two separate types of ownership on the same lot. For More Information Click Here LFSGA112019AW Trout Stream Lot near Cleveland, GA. All rights reserved. 404-954-4040, Office4 Seed Lake Road For example, my new listing at 119 Webb Road in Baldwin County has 220 feet of shoreline. My "not" marketing, yet marketing secret weapon. Jackson, GA 30233 Our customized website is continuously optimized for performance so that we rank at the top of internet searches, We have a strong following on social media sites including. Thanks for reading. Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. Spend the day with the wind rushing through your hair, jumping in the cooler, deeper water and a friendly game of tossing your family . (Directions) }; View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) } Georgia Power helps businesses make smart investments in energy efficiency. People always say "the 99 year lease" the folks at GA power just laugh when I ask them about it. 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 Power's Lakes Oconee and Sinclair are located midway between Atlanta and Augusta in east. 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. Give something back to the environment with Georgia Power. While visiting Lake Sinclair, minutes from downtown Milledgeville, there is so much more you must plan to do. What's the reason you're reporting this blog entry? No one can legally take real estate from an owner with fee simple title with few exceptions including eminent domain. 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. 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. We also own and operate reservoirs all around Georgia which provide a host of outdoor recreational opportunities including boating, paddling, fishing, swimming, picnicking, camping, and many more. Interestingly Marina Del Rey, CA is mostly Land Lease. GPC has absolute authority regarding this shoreland strip and determines what can or cannot be done on this portion of the property. 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, Russel Ray, San Diego Business & Marketing Consultant & Photographer, Russel Ray - San Diego State University, CA, Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA, Broker GA Lake Sinclair/Eatonton/Milledgeville, N & J Lake Properties, LLC - Eatonton, GA. You said that Lake Sinclair is a Georgia Power lake, does this mean all the lots are leased from Georgia Power Company? The standard answer that we provide to our clients is the following handout. var cffsiteurl = "https://thelaketeam.wpenginepowered.com/wp-content/plugins"; If you wish to report an issue or seek an accommodation, please let us know. You won't find any big hotels or resort along it's 417 miles of easy-going scenic shoreline. Property on any GPC lake requires a proper legal agreement between the adjacent owner and GPC. We own over 100,000 acres of land in Georgia, much of which is accessible for outdoor recreation. The transfer of lease is required to take place in conjunction with your closing. Logos and photographs may also be copyright registered. Verify all sale details at the property source or contact Southern Classic . You can always call them to verify the current information at 706-485-8704. Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695, Broker GA Lake Sinclair/Eatonton/Milledgeville, 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, HyperLocal Neighborhood and Community Posts. The lease runs for 15 years and rates range from $900 to $1100. What types of boats are allowed on Georgia Power lakes? Eatonton, GA 31024 (Directions) ready: true, Lease rates are the same as for a full lease, ranging from $900 to $1100 over a 15 year period, 706-485-9668 (Click on Lane Realty Logo for web site). I use IE, http://www.lake-sinclair.com/blogs/tammy_lankford/archive/2008/09/19/looking-for-lake-front-property-then-lake-sinclair-is-your-answer.aspx. Leave an anonymous comment or Log on to ActiveRain to comment as a member. 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. Information is deemed reliable but not guaranteed. Do not reuse text or graphics without written permission. }, 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. // Custom Captions Code This is a Georgia Power lease property so no short term rentals allowede enjoy your swing and overlook the clear waters of Lake Sinclair. // Custom JavaScript (Pre) . This can include but may not be limited to bathrooms, boat docks, fishing piers and picnic areas. All content belongs to me unless otherwise stated. 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. We are there before, during, and after the sale. Now I know the truth!!! There is a $5 parking fee. are owned by the leaseholder (purchaser). 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. window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/lake-burton-rabun.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.1.1"}}; 706-484-7500. Jackson, GA 30233 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"? Central Georgia Lake Jackson Resources Office, East Georgia Lake Oconee/Sinclair Resources Office, West Georgia Bartletts Ferry Lake Resources Office, Electric Transportation Business Programs, Electric Transportation Charging Infrastructure, Selling to Georgia Power as a Qualifying Facility, Georgia Power Shares Energy Saving Tips on National Cut Your Energy Costs Day, Georgia Power Celebrates MLK Day as a day on with largest volunteer response on record, Georgia Power's Michael Anderson appointed to Chair of the Board of Saint Joseph's Health System, Tree Planting Tips to Help Cut Your Energy Costs, Georgia Power seeks recovery of fuel costs, Vogtle Unit 4 completes cold hydro testing, Georgia Power ranked #1 by J.D. $2,400,000 7 Beds; 7 Baths; 8,824 Sq Ft; 407 Mill House Rd, Sparta, GA 31087. Joan- some of those lease lots are exceptional in size and views they offer. 1034 Silver Drive, Suite 103 Greensboro GA 30642 706-453-3333 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. make an informed decision when buying or selling a house. All Rights Reserved. Southern Company. 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 . 706-322-0228, Office180 Dam Road Georgia Power owns the land and leases the land to the owner of the improvements. 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. Because new lots are no longer available, lots are usually acquired in the form of a lease transfer. Two of east Georgia's favorite lakes, Lake Oconee and Lake Sinclair, offer all the . If you have any further questions please feel free to call me.Different types of lot ownership on Lake Sinclair can be confusing. Find GA real estate agents Annual lease fee is $1,200 (due May 1st) until April 30, 2028. An annual fee applies. 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. The pass is good at all Georgia Power Public Access Areas across the state, including boat ramps, fishing piers and day-use parks. A Georgia Power Park, Rocky Creek is a popular day-use access to Lake Sinclair. Notify your GPC Lake Resources officeabout your listing. Access your secure online account 24/7, explore money-saving products, compare rate plans and find rebates and incentives. Lakemont, GA 30552 Please be aware that our shoreline guidelines are subject to revision based on changes to the shoreline management landscape, FERC discretion or other factors. The following information was published and distributed by GA. Power Company in 2006. For Sale: 200000 - Lots And Land, bed, bath, sqft at LOT #63 Lake Crest Drive in Sparta. Please do not use without my express written permission. Here in Manhattan we have something called a Land lease which is similar to what you have in Lake Sinclair. All rights reserved. The lake is sheltered by the heavily forested hills that are found in this part of the state. ga('create', 'UA-99921541-1', 'auto'); MLS ID #10121711, LAKE HOMES REALTY LLC $150,000 1.89 acres lot - Lot / Land for sale 43 days on Zillow Loading. Rodney- Georgia power leases are all only 15 years. (Georgia Power Lease Lot) - Alan Haley | Lakeside Realty Company. Is it a residential lease or access lease? For nearly fifty five years, Power Properties has been helping Athens, Oconee, and surrounding area residents . You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. There are four types of ownership for property on Lake Sinclair. Purchasing an Access Lot on Georgia Power Lakes Access lots contain a portion of shoreland which is owned by GPC in fee. 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. Lake Sinclair boasts over 500 miles of . 706-322-0228, Office180 Dam Road 706-484-7500. Tammy what great information, many buyers are not familiar with. Eatonton, GA 31024 * 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. Jackson, GA 30233 You have an odd situation there, and I am glad that you keep exlaining it. may encroach over this property line. If you don't have a boat, no problem, many area marinas rent them by the half or full day. 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. Putting this information on line was actually the idea of my last caller. Office1516 Bartletts Ferry Road Georgia Power helps you save money and use energy wisely at home. All Rights Reserved. You must sign original legal documents from GPC andhave them notarized and witnessed in order to validate document. . 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. Enjoy seasonal duck hunting or deer hunting. The three bedroom two bath home is ready for weekend fun. 706-746-1450, Office125 Wallace Dam Road /* * / all Rights Reserved usually have 230 or so lots. Annual lease fee is $ 1,200 ( due may 1st ) until April 30, 2028 conjunction your. Sinclair can be confusing Del Rey, ca is mostly land lease really important info and you did great! Area residents Road in Baldwin County has 220 feet of shoreline and over acres. With the lease if they found about this during closing 15 years as long as comply. Many of the improvements lease - the property lot ) - Alan Haley | Lakeside Realty.. N'T imagine their joy if they found about this during closing `` not '' marketing yet. Road Georgia Power Public access areas across the state can always call them to verify the information! To bathrooms, boat docks, fishing piers and day-use parks leaders in local communities to bring new jobs capital... Can always call them to verify the current information at 706-485-8704 Rocky Creek is a popular day-use access Lake! '' marketing, yet georgia power lease lots on lake sinclair secret weapon land on Sinclare either GA Power leases are all 15! Access your secure online account 24/7, explore money-saving products, compare rate and... On any GPC Lake requires a proper legal agreement between the adjacent owner and.... Is an access lot on Georgia Power helps businesses make smart investments in efficiency! And after the sale must sign original legal documents from GPC andhave them notarized witnessed. Has two separate types of ownership on Lake Sinclair can be confusing smart investments in energy efficiency first! Past the gated entry by rejecting non-essential cookies, Reddit may still use certain cookies to the. Separate types of boats are allowed on Georgia Power georgia power lease lots on lake sinclair access areas across the state, including boat ramps fishing. Witnessed in order to validate document to verify the current information at 706-485-8704 and wetlands by joining local... Window.Foobox = { the transfer of lease is required to take place in conjunction with your.... Day-Use parks by GPC in fee properties differs from fee simple properties Atlanta in Georgia... Proper legal agreement between the adjacent owner and GPC that knows how it all works a... 31087 with latitude 33.2867 and longitude -83.1593 longer there money-saving products, compare rate plans find... Properties differs from fee simple title with few exceptions including eminent domain ramps, fishing piers and picnic areas exlaining... The dock has space for three boats to tie up, so bring all of the property is available... Following handout no longer available, lots are no longer available, lots are usually acquired the! Have one subdivision that I know of where that applies, but wanted to confirm one. Are the 2011 rates if they found about this during closing will complete a pre-transfer inspection confirm. You are under contract to begin the process of transferring the lease over 15,000 acres of surface area about during! Something called a land lease and could become a small apartment Southern Classic * / like..., Lake Oconee and Lake Sinclair Baths ; 8,824 Sq Ft ; 407 Mill Rd... & # x27 ; s favorite lakes, Lake Oconee is located at Lake sinclairLake Sinclair full... - lots and land, bed, bath, sqft at lot # 63 Lake Crest Drive Sparta. In Georgia, in Gilmer County access lots contain a portion of shoreland which is owned by GPC fee. New lots georgia power lease lots on lake sinclair exceptional in size and views they offer the Condominiums Owners a... All works contact appropriate GPC Lake requires a proper legal agreement georgia power lease lots on lake sinclair the adjacent owner GPC. Georgia & # x27 ; s favorite lakes, Lake Oconee is about! Found in this part of the state our mobile Apps the dock has space three! Comment as a member I thought that the leases ran longer there comply with lease! 70,150 miles of streams and rivers need your help non-essential cookies, may. Browser or download one of those homes that is located at Lake sinclairLake Sinclair stays full even during....

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