"Severna Park - Ben Oaks on the Severn"

Featuring Live & Simulcast Online Bidding
$300,000 Opening Bid

RANCH HOME
4 Bedrooms & 2.5 Baths
0.43± Acre ✦ Attached Garage

Sale On Premises
741 BENFIELD ROAD
Near Laurel Drive
Severna Park, Anne Arundel County, MD 21146

Online Bidding Opens
FRIDAY, FEBRUARY 12, 2021

Live Onsite Auction Begins
TUESDAY, FEBRUARY 16, 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. Online bidding is available from Friday, February 12 and will continue through the live auction. You can choose to bid online and/or attend the live auction.

LOCATION:
741 Benfield Road is located in the Ben Oaks on the Severn neighborhood in the Severna Park area of Anne Arundel County. The water privileged community fronts along the Severn River, and features an array of amenities further described below. Annapolis and Baltimore are each about 15 miles away, to the south and north, respectively. Washington D.C. is about 25 miles west. Benfield Road provides proximate access to I-97 and Ritchie Highway (MD-2), via Robinson Road, making major employment centers, shopping, dining and other services easily within reach. According to the Anne Arundel County school locator, nearby schools are Benfield Elementary, Severna Park Middle and High.

For more information about the area, please visit:
Anne Arundel County, MD – www.aacounty.org
Locate Your School – www.aacps.org

COMMUNITY:
Ben Oaks on the Severn, more commonly referred to as “Ben Oaks,” is a water privileged community fronting along the Severn River. Neighborhood homes are set away from the waterfront, allowing all community residents to experience and enjoy the amenities situated thereon and excellent views. There are approximately 150 homes in the neighborhood. The homes were constructed predominantly in the 1950s and 1960s, and have largely been updated and expanded over the years. A handful of homes have been constructed more recently.

The water access mentioned above includes a marina, pier, boat launch and kayak launch. Additional features include a pool with sandy beach, playground, waterfront park and additional recreational facilities. Water depth at the end the community pier is 5′ (MLW), according to NOAA depth chart 12281 – charts.noaa.gov.

Annual HOA charges are $378, including annual assessment, dues, pier and dock repair funds. Slip flees are applicable only for slip holders, as well as other associated marina usage items. See Civic Association bill within the HOA Documents for more details.

SITE:
Lot size – 0.428 acre, more or less, according to public tax records.

Known as Lot 15 East Benfield Road, on the plat of “Section 2, Ben Oaks on the Severn,” recorded at Anne Arundel County Plat Book 28 page 49. Plat

The property is serviced by public water and sewer. In-ground pool requiring repair or removal. Some mature landscaping. Asphalt driveway and parking area.

ZONING:
Zoned R2 – Residential

Anne Arundel County Zoning Code

IMPROVEMENTS:
Brick ranch home – constructed in 1962, containing 1,646 square feet of living area above grade, 1,646 square feet of mostly finished basement space, and 2 car attached garage.

Exterior:

• Brick exterior
• Asphalt shingle roof
• Wood windows
• Aluminum down spouts and rain gutters

Interior:

Main Level –

• Entry foyer – wood floor
• Eat-in kitchen – wood floor, solid surface counters, bar area with bar sink
• Dining room – wood floor
• Living room – wood floor, bay window, fireplace
• Master bedroom with en suite bath – wood floor (BR), ceramic floor (bath)
• Bedroom – wood floor
• Bedroom – wood floor
• Full hall bath – ceramic tile floor

Lower Level –

• Rec room – laminate floor, fireplace
• Bedroom
• Powder room
• Laundry area and storage space
• Additional utility and storage room

Mechanical –

• Gas forced air heat
• Central air conditioning
• Gas water heater

Additional information coming soon.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $5,963.47, including solid waste and storm water fees, and before homestead tax credit, based on a full value assessment of $451,700.

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 $40,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. If the high bidder is an online purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office, by 4:30 p.m. on the day of the auction. 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 and subject to the Declaration and By-Laws of the Ben Oaks on the Severn Homeowners Association. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of rescission under Maryland Homeowners Association Law, having reviewed the HOA resale package in advance of the auction. 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. A 5% buyer’s premium will be added to the final bid price.