Seven Hills Auctions, LLC

Single Family Residential: Woodstock, GA

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Property No.: 5930
Auction No.: 240604
Start Time:6/5/2024 4:00:00 PM
End Time:6/25/2024 4:00:00 PM
Bid Count:11
Winning User:3019
Starting Bid:$50,000.00
Bid Increment:$2,500.00
Current Bid:$112,500.00

Property Details

Property Type:Residential
Seller Type:Individual
Auction Type:Reserve
Total Land Area:1.03 ± Acres
Square Feet:1456
Year Built:1980
Subdivision Name:Air Acres Estates
Lot Numbers:6
Tax Identification Number: 015N29-00000-007-000-0000
Address:463 Air Acres LnWoodstock, Georgia 30188
Lat/Lon:34.10557, -84.44896

Agent Details

Listing Agent Information:Mike LoftinSeven Hills
Buyer Agent Commission:For Registered Buyer Agents, 2% of High Bid. Must Complete the Broker Registration

Closing Details

Closing Agent:William PhalenSherman & Phalen, LLC1165 Northchase Parkway SE, Suite 450, Marietta, GA 30067770-579-0109
Closing Date:30 Days From Binding Agreement Date
Deed Type:Warranty Deed
Buyer's Premium:10% Added to the High Bid Price

Unique 3 Bedroom/ 2 Bath Home & Hangar

463 Air Acres Ln in Air Acres Estates Airpark

Woodstock (Cherokee County), Georgia 30188 

Air Acres - Where Your Dreams Take Off”


The Home: 1.03+/- acres. 1,456+/- sq. ft. Runway frontage.  Zoned R-40. This passive solar, earth berm ranch residence was built in 1980. Central heating and cooling. Wood stove. Cobb EMC. Propane (tank included) for heating, cooking and hot water.  Utilities less than $200/month. Cherokee County water. Septic system. Stone floors. 18 in. Heatsink. Wonderful wall of SE facing windows, and far too many updates to list.  Attached garage 528+/- sq. ft. Hangar  2,501 sq. ft. with  861+/- sq. ft. adjacent concrete apron. (2) Shop areas for additional storage or could be added to the open hangar. The homeowner also collectively owns 1/13 of the runway. Great garden spot and thousands of perennial flowers and herbs attract hummingbirds and butterflies. Ideal for family adventures or your personal retirement. Attend an open house and see it in person to visualize your new lifestyle.

The Community: (20) Residential lots comprise this incredible private fly-in community of aviation enthusiasts. 2,000 x 100 ft. Turf runway. Runway overrun 900 x 89 ft. Annual property owners dues are approximately $1,775. FAA Identifier 5GA4. Ground access to ATL Approach and ATL Radio via VHF repeater. (24) Single engine planes, (1) multi-engine and (1) balloon already live here. Fantastic South Cherokee County location just 3 miles east of downtown Woodstock. The neighborhood is bounded on the south side by Little River and is so convenient between Mountain Park, Crabapple, Alpharetta, Roswell, Milton, Holly Springs, Hickory Flat and Canton. Easy access to GA 92, GA 140, US 19, GA 400 and I-575. Just minutes away from great restaurants, a variety of malls and shopping venues, award winning schools, entertainment and recreation of your choice, cultural activities and all essential services. A short flight to North Georgia mountains, lakes, and state and national parks in every direction. Who should consider living here? All aviation lovers, airplane builders, experimental aircraft designers, vintage plane enthusiasts, remote control hobbyists, gliders, balloonists, even antique automobile collectors and restorers, Airbnb hosts, as well as investors looking for unusual and substantial upside income potential. If you’ve ever thought about living your dream…it could be yours here at Air Acres. Don’t wait; make this lifestyle dream a realty and take advantage of this extraordinary auction opportunity!


Saturday, June 15 & 22, 10 am to 12 noon and

Thursday, June 20, 4 to 6 pm.

JUNE AUCTION SHOWCASE: Seven Hills Auctions is proud to announce we have an Auction Showcase event featuring properties across Alabama, Georgia, Louisiana, and Mississippi. Our Showcase events are a great opportunity to buy residential and commercial properties directly from Banks, Private Equity Groups, Hedge Funds, and other highly motivated sellers. Get in the Auction Today!


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Terms and Conditions 

Auction Ending: June 25th, 2024


The following Terms and Conditions apply to all properties offered in this auction. Seven Hills Auctions, LLC hereinafter “Auctioneer”, shall be construed to apply to all officers, principals, employees, agents and/or any other representatives hired or contracted with the Auctioneer. Anyone participating in the auction by registering for the auction, placing a bid or bidding on behalf of another person or entity with a Power of Attorney shall hereafter be referred to as a “Bidder”.

All Bidders are required at the time of registration to acknowledge that they have reviewed and accepted the Terms and Conditions. Additionally, by placing a bid the bidder is specifically acknowledging and accepting the conditions stated in these Terms and Conditions as well as the provisions in the Purchase and Sale Agreement.

Agency:  The Auctioneer is acting as an exclusive agent for the Seller in this transaction. The Auctioneer does not represent the Bidder.

Due Diligence: All information provided by the Auctioneer is deemed to have been obtained from reliable sources; however, the Auctioneer makes no representations or warranties to its accuracy. It is the Bidder’s responsibility to conduct his/her own due diligence, inspect, review and/or analyze each property prior to placing a bid. All sales are pursuant to the property being sold on an “as-is, where-is” basis, with no representations or warranties of any kind, expressed or implied by the Seller and/or Auctioneer.

Inspection: Each Bidder is encouraged to inspect the property prior to Bidding. When shown, contact the listing agent for scheduled inspection times or for an appointment. Where no listing agent is identified, contact the auctioneer for information on how to obtain access to a property. If a property is identified as “Occupied” contact the auctioneer or listing agent to see if times are available for inspection and do not disturb the tenant.   

Buyer’s Premium: The successful bidder will be required to pay a buyer’s premium of 10% of the final accepted bid price or $250.00 whichever is greater. The buyer’s premium shall become part of the total purchase price in the Purchase and Sale Agreement.

Escrow Deposit & Contract Execution: The Purchase and Sale Agreement, wiring instructions and closing information will be emailed to the successful Bidder immediately following the ending of the auction or upon bid acceptance by the seller.  The successful bidder must execute the Purchase and Sale Agreement and remit an earnest deposit within 24 hours. The earnest deposit is calculated from the total purchase price (i.e. high bid amount plus the buyer’s premium). For properties with a total purchase price of $2,499 or less the full purchase price is due, for properties selling for $2,500 to $100,000 the greater of $2,500 or 20% is due, for properties selling for $100,001 to $200,000 15% is due and for properties selling from $200,001 or greater 10% is due.

Closing: All properties must close within thirty (30) days of the “binding agreement date”, unless otherwise stated in the Purchase and Sale Agreement. The “binding agreement date” is the date in which the last signatory party executes the Purchase and Sale Agreement. The closing will be conducted by the firm shown on the individual property specific web page at All closing cost will be paid by the successful Bidder including, but not limited to, attorneys’ fees to prepare the closing documents and deed, closing coordination fee, title examination, transfer tax and purchaser’s legal fees. Taxes and property owner association dues will be prorated as of the date of closing.  Title Insurance will be available for purchase.

Broker Participation: Broker Participation is encouraged by the Auctioneer. A commission of 2% of the highest accepted bid (before adding a buyer’s premium) will be paid to any qualified licensed real estate broker that holds a current and valid license in the state where the property is located. Commissions will only be paid at closing. In order to qualify the broker must submit the Broker/Bidder Participation Form, prior to the bidder placing a bid or by 3:00 P.M. eastern time on the day preceding the auction, whichever comes first. UNDER NO CIRCUMSTANCE WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION.  A bidder is only allowed to be registered by one broker.

Non-Compliance: If a participant is the successful high bidder and fails to execute the Purchase and Sale Agreement and/or remit the earnest deposit with 3 days of the Purchase and Sale Agreement being delivered, the participant will be responsible for a Non-Compliance Fee of $5,000. This Non-Compliance Fee is a penalty for failing to abide by the Terms and Conditions of the auction. Auctioneer at its discretion shall charge the credit card on file or use any other means necessary to collect such fees. Any bidder that fails to execute a Purchase and Sale Agreement and/or remit an earnest deposit may also be prohibited from bidding on future auctions conducted by the Auctioneer. The Seller and Auctioneer, upon Non-Compliance by a bidder, reserves the right to immediately offer the property for sale.

Successful Bidder Default: A successful bidder that fails to close per the specific terms of the Purchase and Sale Agreement for any reason shall be required to release their earnest deposit to the Seller as nonexclusive liquidated damages as fully outlined in the Purchase and Sale Agreement.

Extended Bidding:  All online auctions include an EXTENDED BIDDING feature. If a bid is placed on any property within the last three (3) minutes of the auction the ending time of the auction for ALL properties will be extended for three (3) minutes. The bidding on ALL properties will remain open until no further bids have been placed on ALL properties for three (3) minutes.

Bid Increments: The bidding increments for all properties will be as follows:

Amount Up To                     Bid Increments

$2,500                                        $100

$10,000                            $250

$50,000                            $500

$100,000                          $1,000

$250,000                          $2,500

$500,000                          $5,000

$1,000,000                       $10,000                

$1,000,000+                     $25,000           


Technical Problems: The auction will be conducted using online bidding. Any technical problem that may arise from internet connectivity, hardware, software, human error, or any other such issue whether on behalf of the Bidder or Auctioneer may arise at any time without notice. In the event such technical problems arise, neither Auctioneer nor the Seller shall be responsible. Auctioneer, reserves the right to cancel, postpone and/or extend the bidding time in the event of such technical problems. Any actions the Auctioneer takes shall be final.

Additional Terms: All property is being sold “As-Is, Where-Is” with all faults and is selling subject to any existing restrictions, conditions, easements, zoning, property owners associations fees and all matters that may be reveled in a current survey, inspection and/or title examination. No warranty is expressed or implied as to the improvements, soil, environmental, wetlands, zoning or any other matters. The Auctioneer reserves the right to cancel the auction at any time, add properties or delete properties without notice. The seller reserves the right to reject any bid unless the property is selling “Absolute”. The Seller and their agents reserve the right to place bids on the property up to the Seller’s reserve. Any acceptance of a winning bid maybe rescinded by the Seller, in the seller’s sole discretion, for any reason prior to the Purchase and Sale Agreement being executed by the Seller, unless selling “Absolute”. Neither the Auctioneer nor Seller will be responsible for any omissions or errors related to this auction, these terms and conditions, the Purchase and Sale Agreement and/or the closing documents. All bidders shall carefully review, inspect, analyze, perform any test or other necessary due diligence prior to bidding. Bidders shall make their own determination as to the accuracy of any due diligence or information provided by the Auctioneer or Seller. No personal property will be conveyed unless specifically denoted in the Purchase and Sale Agreement. Auctioneer cannot guarantee the performance of the seller or seller obligations on any transaction. The terms of the Purchase and Sale Agreement shall prevail in the event of any inconsistencies between the terms and conditions of the auction, announcements, communications by the Auctioneer and/or the Purchase and Sale Agreement. The Auctioneer is not responsible for any technical issues, missed bids or bids placed after the closing of the auction. The Auctioneer reserves the right, in its sole discretion, to revoke the bidding privileges of any bidder at any time for any reason. 

Seven Hills Auctions, LLC:

Auction License: TN: 7182, GA: AU-C003134, FL: AB3765, AL:C-253, A5495, MS: 23814;

William C. Lee III, Broker, Firm GA-77326. FL-CQ1057830. AL-000147503-0. MS-24292.

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South Carolina Properties Selling in Conjunction with Meares Property Advisors, Inc:

Auction Lic. SC:4109, Darren Meares Broker in Charge



463 Air Acres Ln
Woodstock, Georgia 30188
United States
Contact: Seven Hills Auctions
Phone: (800) 742-9165