Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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$95,000 Opening Bid
CHESAPEAKE BEACH
WATERFRONT HOMESITE
1.698 Acres ◆ Fronting 298.28′
Overlooking Chesapeake Bay
Known As
6325 BAYSIDE ROAD
“Randall Cliff Beach/Summer City”
Calvert County, MD 20732
Online Bidding Opens
MONDAY, MAY 31, 2021
Online Bidding Closes
THURSDAY, JUNE 3, 2021
AT 12:00 NOON
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
LOCATION:
6325 Bayside Road is a waterfront parcel situated in the Chesapeake Beach area of Calvert County, in southern Maryland, along the western shore of Chesapeake Bay. The surrounding area is a mixture of residential and maritime land uses. Bayside Road is Maryland Route 261 and provides good highway linkage to Annapolis, Patuxent Naval Air Station, Leonardtown and Lexington Park. Nearby public schools are Plum Point Elementary, Windy Hill Middle and Huntingtown High, according to the Calvert County Public Schools web site.
SITE:
Elevated lot with commanding view of Chesapeake Bay, comprises 1.698 acres, fronting 289.28′ along the western shore of the bay, by a depth of 305′ and frontage of 210′ along the east side of Bayside Road.
Zoning RD, residential district
Flood Zone X, outside the 100 and 500 year FEMA designated floodplains, according to public tax records.
The parcel is partially wooded and was formerly improved by a 24′ x 28′ home. Only a portion of the foundation remains. The property has a County approved percolation test. A new well will be required.
ADDITIONAL INFORMATION:
LEGAL DESCRIPTION:
The property is in fee simple and sold free and clear of liens. Calvert County Deed Book KPS 5516, Page 92.
REAL ESTATE TAXES:
Published annual real estate taxes are $4,897, based on a full value assessment of $427,800. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction, at the Auctioneer’s office. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence.
No buyer’s premium.
