142 Wooded Acres

FOR SALE Milton, Georgia

CONTACT FOR PRICING

Bob Lurie
Lurie Real Estate, LLC
678-640-6901
bob@luriere.com

Wolff—McGaughey Property
 TABLE OF CONTENTS

SUMMARY .............................................................................................................. 3

ZONING AND ENTITLEMENTS ......................................................................... 4

LOCATION MAP…………………………………………………………………5

AERIAL VIEW……………………………………………………………………6

OBLIQUE AERIAL VIEW..................................................................................... 7

MARKET OVERVIEW: THE VALUE OF HIGHLY RATED SCHOOLS .... 8

PROPERTY FOLDER ............................................................................................ 9

DISCLOSURE STATEMENT .............................................................................. 10

2 Wolff—McGaughey Property
 SUMMARY
This offering contemplates separate transactions for two heavily wooded, undeveloped properties owned by the
Wolff and McGaughey families respectively. These are the general features of each:

Wolff Family Property (116 Acres)

 Site Plan has been drawn for 62 one acre lots Click here for link to site plan.
 Jurisdiction: City of Milton
 Zoning: AG-1 Agricultural
 Frontage: Lackey Road, an unpaved gravel road with a 30 foot public right-of –way that bisects the property.
 Public water is available in the Lackey Road right-of-way at the southern boundary of the property.
 Sewer service will be by private septic tanks
 School Attendance Zones: Milton High; Crabapple Crossing Elementary

McGaughey Family Property (26 Acres)

 Jurisdiction: City of Roswell
 Zoning: AG-43 Agricultural Residential
 Frontage: Sweet Apple Road, an unpaved gravel road with a 30 foot public right-of –way. The right-of-way lies
within the boundaries of the City of Milton
 Public water is available in the Arnold Mill Road right-of-way.
 Sewer service will be by private septic tanks.
 School Attendance Zones: Milton High and Crabapple Crossing Elementary (eastern part of the property); Ro-
swell High and Sweet Apple Elementary (western part of the property).

ROBERT M. LURIE
BROKER
3 Wolff—McGaughey Property 678-640-6901
bob@luriere.com
 ZONING AND ENTITLEMENTS
Wolff Property (City of Milton)
 Requirements of AG-I Agricultural Zoning in the City of Milton:
 Minimum lot size: One acre on a paved road; 3 acres on an unpaved road
 Minimum Front Yard: 60 feet
 Minimum Side Yard: 25 feet adjacent to interior line; 40 feet adjacent to street
 Minimum Rear Yard: 40 feet
 Minimum Lot Width: 100 feet
 Section 48-561 of the Milton Code of Ordinances provides that exiting gravel roads shall not be paved ex-
cept with approval of the City Council of a petition of all homeowners located on the road. The Wolff fam-
ily has satisfied this requirement, having obtained written agreement from all of its neighbors fronting the
road. However, the petition has not yet been filed.

McGaughey Property (City of Roswell)

 Requirements of AG-43 Agricultural Residential Zoning in the City of Roswell
 Minimum lot size: One acre
 Principal Building Setbacks:
 Primary street, major/minor (min.): 60’/50’
 Side street, major/minor (min.): 60’/50’
 Side interior (min.): 15’

ROBERT M. LURIE
BROKER
4 Wolff—McGaughey Property 678-640-6901
bob@luriere.com
 City of Roswell City of Milton

Arn
old
Wolff - McGaughey City of Roswell
Area of Detail

M ill
City of Milton

Eb
en
ez
City of Roswell er
Ro
ad
``

Ellis Road``
Cox Road``

City of Milton City of Roswell

ROBERT M. LURIE
Wolff—McGaughey Property BROKER
5 Location
678-640-6901
bob@luriere.com
 Grand Reserve - Lennar Homes (New)
$800s +

Optional
18 Acres

Optional 2
McGaughey Acres
Wolff
26 Acres Ar
no

ad
Overlook at 116 Acres ld

Ro
M ill
Litchfield Ro
ey
ad
ck
(Resales)
La

$775,000
Median

Brightwater
Homes (New)
Pacific Group
$800s +
(New)
Expected
$800s +
Expected Heydon
Ebeneze Hall
r Road
(Resales)
$965,000 +

Litchfield Hundred
(Resales) Click Here for Link to Topo
$645,000 Median and Floodplain Map

ROBERT M. LURIE
Wolff—McGaughey Property BROKER
6 Aerial View
678-640-6901
bob@luriere.com
 Kroger Publix

ad
Ro
ill
M
Cox
d

Roa
ol

d
n
Ar

Eb
ene
ze r
Ro
ad

Subject

Lackey Road Overlook at

Litchfield
(Resales)
$775,000
Median

Grand Reserve - Lennar Homes (New)

$800s +

ROBERT M. LURIE
Wolff—McGaughey Property BROKER
7 Oblique Aerial View
678-640-6901
bob@luriere.com
 MARKET OVERVIEW: THE VALUE OF HIGHLY RATED SCHOOLS

The Wolff and McGaughey properties are served by Roswell and Milton High Schools,
two of the highest ranking schools in the Atlanta metro area by SAT scores. Affluent, well
educated households, who might otherwise feel compelled to allocate a sizeable fraction
of household expenses to private school tuition, can instead opt to increase their monthly
outlay for housing. In effect, this substantially raises the value of a house built in the
neighborhood of the Wolff - McGaughey properties. This added value is reflected in the
exceptional resale prices received for existing houses in established nearby subdivisions
(see map on page 6):

 Overlook at Litchfield: $775,000 median ranging to $1,010,000

 Litchfield Hundred: $645,000 median ranging to $1,010,000
 Heydon Hall: $965,000 plus

In addition, several new nearby subdivisions (see map on page 6) are nearing completion
or are in late stages of permitting:

 Grand Reserve (Lennar Homes): The first stage of subdivision improvements in near
completion and construction of new houses is underway at prices starting at $800,000.
 New Subdivision on Ebenezer Road Developed by Pacific Group: Twenty-two one
acre lots are in final stages of completion. Developer speculates the price of the houses
will be $800,000 and up. The per raw lot price of the land for this subdivision was
$114,000.
 New Subdivision on Ebenezer Road Developed by Brightwater Homes: Approxi-
mately fifty one acre lots are in permitting. Brightwater Homes reports its average
home price is approximately $1,000,000.

ROBERT M. LURIE
BROKER
8 Wolff—McGaughey Property 678-640-6901
bob@luriere.com
 PROPERTY FOLDER
A Dropbox folder has been set up to allow the following items to be ac-
cessed and downloaded:
 PDF of plan showing topo, streams and stream buffers, floodplains,
and soil types that are generally unsuitable for septic tank drain fields
 A DWG file for AutoCadd showing the same information as the PDF
described above
 Maps of school attendance zones
 Zoning and Future Land Use Maps (Milton and Roswell)
 Excerpts from the Roswell Uniform Development Code (UDC)
 Excerpts from the Milton Code of Ordinance pertaining to AG-1 Zon-

Click Here for Link

to Property Folder

ROBERT M. LURIE
BROKER
9 Wolff—McGaughey Property 678-640-6901
bob@luriere.com
 DISCLOSURE STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a
potential purchaser in determining whether it wishes to proceed with an in-depth investiga-
tion of the subject property. While the information contained herein is from sources deemed
reliable, it has not been independently verified by Lurie Real Estate LLC or by the Seller.

This document is provided subject to errors, omissions and changes in the information and
is subject to modification or withdrawal. Interested buyers should be aware that the Seller is
selling the Property in "AS IS" CONDITION WITH ALL FAULTS, WITHOUT REPRE-
SENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after
contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to in-
spect and investigate the Property and all improvements thereon, either independently or
through agents of the buyer's choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without
notice, to reject all offers, and to accept any offer without regard to the relative price and
terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-
binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to
be prepared by the Seller and executed by both parties; and (iii) approved by Seller. Neither
the prospective buyer nor Seller shall be bound until execution of the contract of purchase
and sale, which contract shall supersede prior discussions and writings and shall constitute
the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the
Property and all other expenses, professional or otherwise, incurred by them.

ROBERT M. LURIE
BROKER
10 Wolff—McGaughey Property 678-640-6901
bob@luriere.com
 INSTRUCTIONS AND DEADLINE FOR OFFERS
Notices Prospective buyers are encouraged to notify the listing broker of their interest in the property by sending an email to Bob Lurie at
bob@luriere.com to receive notice of any changes or amendments to these instructions or information relating to the property.
Broker Registration If a purchaser elects to be represented by a broker or if any broker wishes to be registered and/or compensated in connection
with this transaction, offers must be delivered by the broker representing the purchaser, and offers must identify the broker as a representative of
the purchaser. In addition, a broker representing a potential purchaser may register his client either by arranging a meeting between his client and
the seller or by obtaining a letter from his client stating that his client has appointed the broker as the client’s authorized representative in the trans-
action.
Deadline and Form of Offer Offer packages must be submitted in their entirety in one (1) email to bob@luriere.com. The form of offer may be
either a letter of intent (loi) or a purchase and sale agreement. The deadline for submitting offers (offer submittal date) is Wednesday, November
30, 2016 at 5:00 pm.
All offers received by the offer submittal date will be acknowledged by Lurie Real Estate, LLC on behalf of the sellers and submitted by Lurie Real
Estate, LLC to the sellers for consideration. The sellers may elect to negotiate with one or more bidders or reject all offers. If one of the offers is
deemed acceptable by either seller, Lurie Real Estate, LLC will inform the successful bidder that his bid is acceptable.
Notification of acceptance or rejection of all offers will be sent to the e-mail address from which the offer was received.
Two Transactions This offering memorandum is for two properties owned by two different owners. Potential buyers are encouraged to make of-
fers for both properties but may also make an offer for one property only. Offers for both properties must clearly state a separate price and terms
for each. Offers indicating a single package price for both properties will not be considered.
For offer purposes, the identity and address of the sellers are as follows:

For the McGaughey Property For the Wolff Property

Enid Wood McGaughey Revocable Trust Wolff Investments, LP
Attention: Vance McGaughey, Trustee c/o Bernard W. Wolff, General Partner
255 Meadowood Drive 1000 Lackey Road
Roswell, GA 30075 Roswell, GA 30075

Preparation of Land Plans By opening the DropBox Property Folder linked to Page 9 of this offering, potential buyers have access to a DWG file
showing features of the properties relating to topography, streams and stream buffers, boundaries, flood plains, and soil types. In preparation of
making an offer, prospective buyers are encouraged to engage a land planner to prepare a land plan for the McGaughey property and to examine the
land plan (also provided on a DWG file in the Property Folder) that the Wolff family has prepared for their property. The sellers prefer to evaluate
offers that are made on a per raw lot basis and will give offers accompanied by a land plan added credence.

Wolff—McGaughey Property
11