ready: true, Eatonton, GA 31024 Check out these frequently asked questions to find answers before contacting the local land management office. {"@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"} If you have questions about something on Lake Sinclair call me or email me. The lake is large enough to enjoy all types of on-water recreation. Back in late 50s and early 60s the power company was selling this land. that are written by the members of this community. Lakemont, GA 30552 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. Carla- they would likely find out when the lender kicked the loan only local banks will lend on these lease lots. Created by Georgia Power in 1953, Lake Sinclair is two hours southeast of Atlanta making it easy access for fishing, tournaments, swimming, boating, camping, and has several marinas for the convenience of visitors. This can include but may not be limited to bathrooms, boat docks, fishing piers and picnic areas. Fortson, GA 31808 The lake was formed by damming the Oconee River. If you don't have a boat, no problem, many area marinas rent them by the half or full day. var easy_testimonials_reveal = {"show_less_text":"Show Less"}; ".gallery", ".wp-block-gallery", ".wp-caption", ".wp-block-image", "a:has(img[class*=wp-image-])", ".foobox" (Directions) The lease runs for 15 years and rates range from $900 to $1100. 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. The proper management of shoreline development must balance the interests of a number of stakeholders and is vital to the life of the lake. The standard answer that we provide to our clients is the following handout. var cffajaxurl = "https://lake-burton-rabun.com/wp-admin/admin-ajax.php"; the highest level of service for buyers and Property For Rent In Madison, Georgia. 404-954-4040, Office4 Seed Lake Road Yet another reason to hire me with myh 45 year local history and 20 years in real estate. There is a lease transfer fee associated with purchasing one of these lots. Richard- myth all GA power leases are 15 years. (Directions) * ACCESS LEASE -The property owners owns the land and improvements above Georgia Power Company which he may have access for use of the lake. All content belongs to me unless otherwise stated. 706-322-0228. Georgia Power owns the land and leases the land to the owner of the improvements. Listing data sourced from Georgia Multiple Listing Service # 20105948. Beds: 3; [CDATA[ */ 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. Southern Company. 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. Access leases run for 15 years with a current rate of $100 per year. Beautiful Lake Sinclair waterfront lot with panoramic main lake views. Each year from Memorial Day through Labor Day, a larger section of the park opens . All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Our team of five full time REALTORS provides Lake Sinclair is located about 90 drive southeast of Atlanta. A new as-built survey may be required to transfer lease. Property Details. (Directions) 706-746-1450, Office125 Wallace Dam Road Please allow three to four weeks for lease transfer. Georgia Power Lakes (in North Georgia): No hunting allowed within 300 feet of any dock, house, boat ramp, marina or open recreation area without permission from the lease or property owner. Hopefully that will work. The property is currently available for sale at a price of $200,000. The lease runs for 15 years and rates range from $900 to $1100. GRI,IMSD-Taking the mystery out of real estate. and Eatonton real estate Perfect site for a walk out basement home on this large over an acre lot. Our lakes, rivers and parks are perfect for indulging in your passion for the water and the great outdoors. Lake Oconee/Lake Sinclair | Eatonton GA 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. })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); And having been born and raised in this area, I can also tell you where the best coves are for skiing and fishing. Georgia Power has established a lease transfer fee that is relevant solely to leasehold properties. Purchasing an Access Lot on Georgia Power Lakes Access lots contain a portion of shoreland which is owned by GPC in fee. Brokerage. emPowering Environment Lakes and Rivers East Georgia Lakes Lake Sinclair FAQs Aquatic Weeds Get answers to the most frequently asked questions about aquatic weeds, how Georgia Power is treating them, and their potential impact on Lake Sinclair. So they really should work with someone who knows the ins and outs of what the lease can mean. 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. For Sale: 200000 - Lots And Land, bed, bath, sqft at LOT #63 Lake Crest Drive in Sparta. Georgia Power is committed to the communities where we live and work. Rates change from year to year, but below are the 2011 rates. This property allows year-round RV only access for only $699 yearly which includes HOA and taxes. Access your secure online account 24/7, explore money-saving products, compare rate plans and find rebates and incentives. Please do not use without my express written permission. 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. but none of the land. '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. This permit requirement applies to Georgia Power leases and deeded properties. * FULLY OWNED - (Also known as fee or fee simple) The property owner owns all of the land down to the lake. 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. All rights reserved. Buyers need to work with someone that knows how it all works. Bob- in our area only certain local lenders will do some of these. 706-746-1450, Office125 Wallace Dam Road Jackson, GA 30233 The property lease then renews every 15 years. Interesting same sort of thing on Lkae Jackson but I thought that the leases ran longer there. Call me today for all your Lake Sinclair real estate needs. Tammy The lake property queen speaketh.those that need to know are pleasedToday's headlines. Email: laketeam@icloud.com. custom: function( $ ){ Call me today for all your Lake Sinclair real estate needs. Lake Sinclair and Milledgeville and Eatonton have a lot to offer. Leave an anonymous comment or Log on to ActiveRain to comment as a member. An annual fee applies. Plus, Old Salem is just a couple of miles away from a major grocery store, the area's . Tammy - that's really important info and you did a great job explaining it. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. GPC owns a strip of land between the lake and the privately owned property. Please see our. Now let's talk about the 2nd lot with an RV canopy. For example, my new listing at 119 Webb Road in Baldwin County has 220 feet of shoreline. 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. var cfflinkhashtags = "false"; make an informed decision when buying or selling a house. area lakes representing 93 sellers and 107 buyers of lake homes. For 2018, most Georgia Power leasehold lots have a standard transfer fee of $20,000. Lot has been cleared and has a temporary power pole in place. 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 . 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. 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. Georgia Power (Southern Company) owns 15 lakes in Georgia and Lake Sinclair has some very unique ownership types that are not found at all Georgia Power lakes and none of the core of engineer lakes in our state. Mobile: 706-715-5550 Annual lease fee is $1,200 (due May 1st) until April 30, 2028. The three bedroom two bath home is ready for weekend fun. house for rent in suffolk county, ny by owner. The lease runs for 15 years and rates range from $900 to $1100. You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. For more information contact the Lake Sinclair Land Management Office of Georgia Power. 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. Logos and photographs may also be copyright registered. Fortson, GA 31808 Operated by Georgia Power, Lake Sinclair came to life in 1953. 2017 Georgia Power. And you just might find your question on my blog in the future. The lake is sheltered by the heavily forested hills that are found in this part of the state. For conventional mortgages. All Rights Reserved. Thanks. Now I know the truth!!! (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); Please do not use without my express written permission. Eatonton, GA 31024 // Custom JavaScript (Post) * FULL LEASE - The property owner actually owns all of the improvements (house, dock, etc.) Find GA real estate agents You may often hear us refer to this as "down to the 340", with the 340 foot elevation being full elevation of Lake Sinclair. Are you sure you want to report this blog entry as spam? We will request a copy of your Warranty Deed and Plat/Survey once you have closed so that a new Access Lease can be prepared. Do not use without permission. 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. 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. 706-484-7500. Rip Rap seawall with over 130 feet of water frontage. Notify your GPC Lake Resources officeabout your listing. My "not" marketing, yet marketing secret weapon. If you have any further questions please feel free to call me.Different types of lot ownership on Lake Sinclair can be confusing. Carport with attached workshop is plumbed and could become a small apartment. Contact appropriate GPC lake office as soon as you are under contract to begin the process of transferring the lease. Don't pass on this opportunity to own a Lake Sinclair home. (Directions) 30650, Madison, Morgan County, GA . Now let's talk about the 2nd lot with an RV canopy. 706-484-7500, West Georgia Bartletts Ferry Lake Resources Office Call 1-855-607-6462 or visit our reservations website to obtain one. but none of the land. :). Search databases, industry studies and information regarding infrastructure. Click to read why and how. Since the lease is for 15 years, if you are seeking a mortgage, it will probably be limited to a 15 year term. 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. Copyright 2023 GAMLS. If a buyer wanted their Aunt Sally Agent to help and they're not familiar, it might come as a suprise, no?? Georgia Power owns both Lake Oconee and Lake Sinclair, and water levels are controlled by the Wallace Dam. The information below was provided from the Georgia Land Managment office and subject to change. The lake will usually have 230 or so lake lots and land for sale. 706-746-1450, Central Georgia Lake Jackson Resources Office (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. Carport with attached workshop is plumbed and could become a small apartment. /* ]]> */ 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. Meet our leadership team, learn how we create a culture of diversity and inclusion and find data on our companys performance. Do not use without permission. Because new lots are no longer available, lots are usually acquired in the form of a lease transfer. var FOOBOX = window.FOOBOX = { Lake lot leases are currently fifteen year leases with rates established by Georgia Power Company. It is a prime location for fishing, tournaments, swimming, boating, and camping and even offers several marinas for the convenience of locals and visitors. Stay safe on the water during all seasons. 404-954-4040, Office4 Seed Lake Road While visiting Lake Sinclair, minutes from downtown Milledgeville, there is so much more you must plan to do. She asked "Do you have it on line?" There is no application until you have closed on the home. (Directions) Georgia Power helps businesses make smart investments in energy efficiency. !function(e,a,t){var n,r,o,i=a.createElement("canvas"),p=i.getContext&&i.getContext("2d");function s(e,t){var a=String.fromCharCode,e=(p.clearRect(0,0,i.width,i.height),p.fillText(a.apply(this,e),0,0),i.toDataURL());return p.clearRect(0,0,i.width,i.height),p.fillText(a.apply(this,t),0,0),e===i.toDataURL()}function c(e){var t=a.createElement("script");t.src=e,t.defer=t.type="text/javascript",a.getElementsByTagName("head")[0].appendChild(t)}for(o=Array("flag","emoji"),t.supports={everything:!0,everythingExceptFlag:!0},r=0;r
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