ATLANTA — Bull Realty has brokered the sale of 497 acres located 60 miles north of Atlanta in Jackson and Hall counties at full list price of $1.8 million. The Fields of Walnut Creek, a partially developed residential community, sold in an all-cash sale on Sept. 30. Perry Hayes, associate broker at Bull Realty, represented the seller, United Central Bank, in the transaction. Grant Whitworth of Whitworth Land Corp. represented the buyer, Walton Georgia LLC.
“The sale of The Fields of Walnut Creek shows how far the residential market has come in Atlanta,” Hayes said. “There was little interest when we originally marketed the property for sale at the end of 2012. When a previous buyer failed to close, Bull Realty re-listed the property this June and had multiple competing offers. The property sold at full list price.”
“It’s amazing how fast land values have escalated in such a short period of time,” added Michael Bull, president and founder of Bull Realty. Bull Realty brokers have closed several notable land sales in and around Atlanta in the last year.
The 497-acre Fields of Walnut Creek has 123 partially developed lots, 151 raw lots and does not have public sewer. The buyer plans to hold the property for future residential development and housing.
About:
Bull Realty Inc (www.BullRealty.com) is a U.S. commercial real estate sales and advisory firm headquartered in Atlanta. The firm was founded 15 years ago with two primary missions: 1) to provide a company of stellar integrity and, 2) to provide the best commercial real estate marketing in the nation.
About:
Perry Hayes, Associate Broker, Land and Developer Services with Bull Realty has been selling land and developing real estate in Atlanta for twenty years. Perry uses his experience in land sales and acquisitions, site analysis and development skills to add value to his client’s real estate transactions.