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Not all properties are available online. For a complete list, call (404) 876-1640 or contact us now.
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Tract of Land
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
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| Lender Owned Development Land In Arizona (5,690 Acres) Land Sold for $36 million, $7 million over foreclosure deed |
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| N Felix Road & Hunt Highway, Florence, Arizona |
The Assignment
“Sold & Closed” Bull Realty, in association with an Arizona licensee, marketed and sold Merrill Ranch, a 5,690 acre mixed-use development site outside Phoenix Arizona. The property was initially foreclosed by a consortium of 62 banks and the FDIC, led by Peoples Bank in February 2009. After offers from national brokerages with Arizona offices were deemed unacceptable, Bull Realty was chosen to market the property.
With more than 60 banks participating, the FDIC had arranged a special meeting to update the participating banks. During this meeting Bull Realty presented their marketing platform to the banks. In the July 9, 2009 meeting, the lead bank CEO, Chris Maddox of Peoples Bank, was asked by some of the participating banks why Bull Realty in Atlanta was chosen to market property the Arizona property. Maddox stated that the property needed better market exposure than the national firms would provide.
In the first two months of the assignment, Bull Realty produced 12 all cash offers from buyers all over North America. After the initial marketing blitz, additional offers were optimized by offering the project in multiple tracts. The property ultimately sold in two tracts to two separate buyers. The first tract of 1,182 acres closed in December 2009 and the remaining 4,508 acres was closed in March 2010. The county records indicate the lenders bid at foreclosure was $29 million. The total sales price achieved by Bull Realty was just over $36 million, $7 million over the foreclosed price.
The Property
Merrill Ranch, a master planned community in Florence, Arizona, is zoned as a Planned Urban Development (PUD) with residential, commercial, and high-density mixed-use components. On average, the allowable residential density is 4.5 units per acre equating to a potential of over 26,600 total units possible within the Community Facilities District. With abundant highway frontage, the property offers a destination development in this southeastern suburb of Phoenix. The acreage is located on the north and south sides of Hunt Highway, near the intersection of Felix Road. The site terrain is mainly natural desert with varying topography and a general slope toward the southwest.
The property is well located in the path of growth between Phoenix and Tucson. The city of Phoenix predicts the Greater Phoenix region to grow by nearly 60 percent by 2030, bringing the population to more than six million people. The property is in Community Facilities District (CFD) No. 1 which was formed to provide a mechanism for financing and constructing public infrastructure for the Merrill Ranch project including the subject property and Pulte’s neighboring Anthem development. The CFD has the authority to issue special assessment bonds secured by placing assessments specifically for benefiting properties.
The expected future plans for the property are to hold for investment and future development. |
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend |  PDF
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| Bank Owned: 100 Developed Lots plus 375 Acres Raw Land |
Price:
$12,635,600.00
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| 300 Lester Mill Road, Locust Grove, Georgia |
| Located in Locust Grove, a thriving suburb southeast of Atlanta, Georgia, the Eagle’s Brooke Community expands approximately 1,200 acres and offers residents and visitors a remarkable neighborhood experience. With one of the state’s best golf courses, a million dollar aquatic center, and a tennis facility already in place, this development is well positioned for continued growth for many years to come. This offering includes 100 developed residential lots, four commercial corner lots, one 7-acre multi-purpose lot, and over 350 acres of undeveloped land. Call John or Rob today to find out more. |
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| Bankruptcy Sale - Le Jardin Subdivision - Metro Atlanta: 800 +/- Acres Partially Developed Land |
Price:
$6,000,000.00
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| Campbellton-Fairburn Road & Ridge Road, Fairburn, Georgia |
| Located in Fairburn, a thriving suburb less than 20 minutes south of downtown Atlanta, the Le Jardin development expands approximately 1,120 acres and is currently approved for over 1,650 lots. The MIX (Mixed Use) zoning allows for a combination of SFR, townhomes, cottages, and commercial areas to boost density and encourage a community atmosphere. This offering includes approximately 800 acres of raw and undeveloped land currently planned for single family housing. Priced at $7,500 per acre, this is a great opportunity to acquire a large developable land tract in the Atlanta MSA. Call John or Rob today to find out more.r |
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| Bank Owned: 100 Developed Lots - Eagle's Brooke Planned Community |
Price:
$3,564,000.00
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| Lester Mill Road, Locust Grove, Georgia |
| Located in Locust Grove, a thriving suburb southeast of Atlanta, Georgia, the Eagle’s Brooke Community expands approximately 1,200 acres and offers residents and visitors a remarkable neighborhood experience. With one of the state’s best golf courses, a million dollar aquatic center, and a tennis facility already in place, this development is well positioned for continued growth for many years to come. This 100 developed lot offering includes a mixture of Phase 6 & 7 golf course and interior lots within the gated club and interior lots in the Laurel Creek Phase. Call John or Rob today to find out more. |
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| Bank Owned: 40 Developed Residential Lots - Price's Creek Subdivision |
Price:
$2,500,000.00
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| Jabbertown Road & Leonard Street, Southport, North Carolina |
- Offering includes 40 “builder ready” lots in Price’s Creek subdivision
- Completed amenities include clubhouse, pool, park, and post office
- Located in Southport, a historic city in Brunswick County, North Carolina and within the greater Wilmington metropolitan area
- Less than a mile from ICWW and island ferry transportation hub to Bald Head Island, Fort Fisher & Carolina Beach
- Existing homes were originally priced from $389,000 to $489,000
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Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| Bank Owned: Multifamily Development Site (13 Acres Approved for 137 Units) |
Price:
$1,040,000.00
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| Highway 154 & US Highway 29, Palmetto, Georgia |
- Bank owned property approved for 137 units
- Situated on 13 prime acres
- Excellent location near downtown Palmetto
- Zoned Multifamily—Ideal for a small rental community
- Seller is motivated to move this property quickly
- All offers will be seriously considered
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| Bank Owned - 37 Developed Lots plus 55 Acres Raw Land (Jackson Glenn Subdivision) |
Price:
$640,000.00
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| Highway 36 & I-75, Jackson, Georgia |
| Located in Butts County, a southern suburb of Atlanta, Georgia, the Jackson Glenn Community offers residents a great neighborhood experience including swim and tennis facilities, which are already in place. Jackson Glenn is conveniently located less than a mile from I75 for easy access and is well positioned for continued growth in the years to come. This offering includes 37 developed residential lots, 12 acres zoned commercial and 43 acres zoned for residential expansion. The property may be purchased in whole or in parts. Call John or Rob today to find out more. |
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| Bank Owned - Bowman Meadows Subdivision (30 Lots Available) "Back-up Contract Available" |
Price:
$510,000.00
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| Thomas Daniel Way & Amanda Jill Court, Lawrenceville, Georgia |
BANK OWNED PROPERTY
- Offering includes 30 single family lots in Bowman Meadows subdivision
- Lots that originally sold in the low $60K’s can now be purchased for $17K
- Homes in Bowman Meadows have sold for $199,500 - $289,000
Call John or Rob today to find out more |
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Email: Rob Whitmire, MBA, ePro
(404) 876-1640 ext. 128
Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| Bank Owned - Legends at Faron Cove Subdivision (23 Residential Lots on 9.86 +/- Acres) |
Price:
$270,000.00
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| Faron Drive, Atlanta, Georgia |
Bank owned offering includes 23 residential lots plus detention pond on approximately 9.86 acres.
Located in southwest unincorporated Fulton County convenient to Camp Creek Parkway retail corridor, Fulton Industrial corridor and Hartsfield-Jackson Atlanta International Airport.
All utilities and road completed. Final Plat recorded with Fulton County.
Call John or Rob today to find out more. |
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Email: John DeYonker
(404) 876-1640 ext. 142
Email a Friend | PDF
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| I-1 Zoned Commercial Site near I-85 (10,149 sq ft) |
Price:
$249,000.00
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| 2125 Piedmont Road, Atlanta, Georgia |
| This is your opportunity to purchase a piece of property inside the city limits of Atlanta. The 0.233 acre
commercial lot is located on Piedmont Road adjacent to Interstate 85. This highly visible site is zoned I1 and is suited for a multitude of uses.
Please call agent, John DeYonker, for further details. |
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Not all properties are available online. For a complete list, call (404) 876-1640 or contact us now.
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