22 Townhomes, 10 Selling Absolute, Complete Sellout of Graystone Townhomes, Statesboro, GA

After many years and many successful development projects, Lotts Creek Developers LLC decided to liquidate 100% of their interest in Graystone Townhomes to pursue other interests. The owners agree that an auction would be the most effective method of eliminating their financial obligations before pursuing other interest. What this means for you is an excellent opportunity to buy one or more of these deluxe townhomes at the price you set. If you have been looking for an investment in real estate, have students at Georgia Southern University or searching for the perfect home for your family without the burdens of yard work and home maintenance, don’t miss this auction.

Property Information Package

Also Selling Absolute at Graystone
Additional 10 building pads that have
been poured and stubbed for water and
plumbing along with enough open
land to build additional 4 units.

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105 Springhill Drive
Statesboro, GA 30458
Corner of Highways 67 & 301
(Statesboro Bypass)


Directions to Graystone Townhomes

From Highway 67:Take Burkhalter Road
approximately two miles to entrance on right.

From Highway 80:
Take Burkhalter Road
approximately 1.5 miles to entrance on left.
  • 22 two-story townhomes
  • 3 bedrooms/2.5 baths
  • Single car garage
  • Brick & vinyl exteriors, deluxe upgrades
  • Community pool
  • Homeowners Association
  • Each townhome sells individually
  • 10 townhomes sell at absolute auction
  • Convenient location
  • Bank financing available to qualified purchasers
  • Brooklet School District
  • 10 units currently leased for $950 per month
Online Bidding Available

Convenient Location

Graystone Townhomes are ideally located on Burkhalter Road, only minutes to Highway 67 or Highway 80 and less than five miles to Georgia Southern University, Statesboro Mall and hundreds of restaurants and shopping attractions. These homes adjoin the scenic greenway trail which is used for biking and walking and connects Statesboro to Brooklet. Graystone Townhomes

Graystone Townhomes

Built in 2008, each townhome features 1,650± square feet, 3 bedrooms, 2.5 baths and a single car garage. Many of the units include appliances while all 22 units have Jacuzzi tubs in the downstairs master bathroom, electric fireplaces, dishwashers and microwaves. Each home is constructed with brick and vinyl siding. The property is a gated community complete with a homeowners association, community swimming pool and club house exclusively for the use of the residents. Eight of these homes are currently leased for $950 per month. Ten units of your choice will be sold at absolute auction, no minimums, no reserves…highest dollar buys, regardless of price.

Open House at Graystone

John Dixon & Associates' representatives will be on duty at the property at the following times:


October 28

1:00 p.m. until 6:00 p.m.


November 4

1:00 p.m. until 6:00 p.m.


November 6

9:00 a.m. until 12:00 p.m.


November 11

9:00 a.m. until 5:00 p.m.

The townhomes can also be inspected anytime by appointment by contacting the sale manager, Rusty Lane, at 478.455.1861


TERMS FOR LIVE BIDDING: Pay 10% down of the purchase price at the auction. Balance will be paid in full at closing to be held within 30 days. A copy of the sale contract may be reviewed prior to the auction by contacting the auctioneer.

TERMS FOR ONLINE BIDDING: The online registration will need to be completed, including credit card information which will be verified and approved, and the credit card will be charged $1.00 for this process. If you are the successful bidder and do not deliver the earnest money which must be certified funds or wire transfer within 24 hours from receipt of the contract, a charge of $5,000 will be placed on the account. The card is for verification purposes to ensure we have serious bidders. Balance will be paid in full at closing to be held on or before Monday, December 20, 2010. The successful online bidder will be notified immediately following the closing of the auction and emailed the purchase contract. The executed contract shall be emailed to K.J. Otis (kj@johndixon.com) or faxed to 770.425.4413. If you have any questions, you may contact our controller, K.J. Otis, or our online auction manager, Brad Davis (brad@johndixon.com) or call 800.479.1763.

SUCCESSFUL ONLINE BIDDER: The successful online bidder will be notified immediately following the closing of the auction and issued the purchase contract. The executed contract shall be emailed to K.J. Otis (kj@johndixon.com) or faxed to 770.425.4413. The earnest money deposit (10% down of the purchase price) must be in the form of a certified funds or by wire transfer, along with the original executed purchase contract to be received by John Dixon & Associates no later than 24 hours following receipt of the contract.

CLOSING: Balance of the purchase price is due in 30 days, on or before Monday, December 20, 2010.

BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For each $10,000, a 10% buyer’s premium of $1,000 will be added to arrive at a purchase price of $11,000.

BROKER PARTICIPATION: A 2% commission of the high bid, before adding buyer’s premium, will be paid to any qualified Georgia licensed real estate broker whose prospect is the successful bidder at the auction and closes on the property. To qualify for a commission, the broker must first register the prospect by mail, deliver by hand or fax the prospect’s name and address on John Dixon & Associates’ broker registration form. The registration must include the signature of the prospective purchaser, the signature of the broker and the broker’s real estate license number. The registration must be received at 200 Cobb Parkway North, Suite 120, Marietta, Georgia 30062, Attention: Rusty Lane, no later than 4:00 p.m. eastern time on the business day preceding the auction. Broker registration may be faxed to 770.425.4413. UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. In addition, to qualify for a commission, the broker must attend the auction with the prospect. Commissions will be paid only if property closes. A commission on a property will be paid only to the first broker registering a prospect. A BROKER CANNOT ACT AS A PRINCIPAL AND BROKER ON THE SAME TRANSACTION. Click here to download broker participation form.

CLOSING ATTORNEY: Closings will be conducted by Laura Marsh, Esq. with the law firm of Franklin, Taulbee, Rushing, Snipes and Marsh LLC, 12 Siebald Street, Statesboro, GA 30458 (912.764.9055). Deed preparation and recording fees will be paid by the seller; all other normal closing costs will be paid by the purchaser. Taxes will be prorated as of date of closing. Title insurance will be available at purchaser’s expense.

AGENCY: John Dixon & Associates, auctioneer/broker, is acting exclusively as agent for the seller.

SPECIAL NOTE: Property sells “as-is, where-is” with all faults and sells subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records. The only representation and warranties made are those contained in the Contract of Sale. Seller reserves the right to add or delete property, reject any bid unless selling absolute and/or cancel the sale. Property will be conveyed by Warranty Deed. Information contained herein was obtained by sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to seller’s reserve, if desired, at their sole discretion, unless selling absolute. The property will sell “as-is, where-is” with no warranty, express or implied, as to improvements, soil conditions, environmental and wetlands or zoning. No personal property conveyed with real estate unless denoted in contract. Neither the seller, John Dixon & Associates nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements in this brochure or other advertisement. Announcements made at the auction will take precedence over written matters.

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