"Tracy's Landing"

ONLINE ESTATE AUCTION
$100,000 Opening Bid

TRADITIONAL HOME
On 1± Acre – Large Shop Building

Known As:
108 VALLEY VIEW FARM LANE
Near Solomons Island Road (MD-2)
Tracy’s Landing, Anne Arundel County, MD 20779

BIDDING OPENS:
TUESDAY, NOVEMBER 3, 2020

BIDDING CLOSES:
FRIDAY, NOVEMBER 6, 2020 AT 11:00 A.M.

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:
108 Valley View Farm Lane is located in the Tracy’s Landing area of southern Anne Arundel County. The property is about one-half mile east of Solomons Island Road (MD-2), and slightly closer to both Tracey’s Elementary School and Deale-Tracys Park. The waterfront surrounding Tracy’s Creek, Rockhold Creek and Herrington Bay is about 1.5 miles east. That area features a number of marinas, recreational facilities and restaurants, including Herrington Harbour (North) Marina, Skipper’s Pier Restaurant and Dock Bar (Drum Point), Chesapeake Paddle Sports and many others. Annapolis is approximately 15 miles north, and Washington, DC is about 22 miles west. The surrounding area is largely agricultural. According to the Anne Arundel County school search, nearby schools are Tracey’s Elementary, Southern Middle and Southern High.

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

SITE:
Lot size – 0.99 acre, more or less, according to public tax records

Fenced yard around the rear of the home. In-ground pool and pool house. The pool requires rehabilitation or removal.

Well and septic

Site Plan

ZONING:
RA – Rural Agricultural

Anne Arundel County Zoning Code

IMPROVEMENTS:
Split level home and multi-bay shop building.

Split Level Home:
The split level home was constructed in 1945 and contains 1,940 square feet of living area, according to public tax records. Features are as follows

Exterior:

• Siding
• Asphalt shingle roof
• Mixed windows
• Aluminum down spouts and rain gutters

Interior:

Main level –

• Kitchen – laminate floor
• Dining room – carpet over wood floor
• Living room – pass-through to kitchen, wood burning fireplace, carpet over wood floor

Upper level –

• Bedroom – carpet over wood floor
• Bedroom – carpet over wood floor
• Bedroom – carpet over wood floor
• Full bath – laminate floor

Lower level –

• Arranged as an in-law suite with separate exterior and interior access
• Two rooms – tile floor
• Full bath – tile floor
• Laundry/utility room
• Powder room

Mechanical

• Oil hot water baseboard heat
• Attic fan
• Well/septic

Shop Building:
Two story multi-bay shop building – Masonry and frame building containing 3,600 square feet, according to public tax records. The building features two roll-up doors, 3 sliding “barn” doors, and several separated spaces. The spaces are arranged for automotive use, storage and an office. Some spaces have overhead space heaters of unknown condition.

TITLE:
In fee simple; sold free and clear of all liens

TAXES:
Published annual real estate taxes are $4,371.13, based on a full value assessment of $366,600.

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 $15,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, November 6, 2020 at 4:00 P.M. 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. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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, including agricultural transfer tax, if any, 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 6% buyer’s premium will be added to the final bid price.