"MD Eastern Shore"

$40,000 Opening Bid

2 – SINGLE FAMILY HOMES
To be Sold Individually
-Renovation Needed –

Known As
110 & 321
LITTLE KIDWELL AVENUE
“Centreville”
Queen Anne’s County, MD 21617

Online Bidding Opens
FRIDAY, JUNE 11, 2021

Online Bidding Closes
WEDNESDAY, JUNE 16, 2021
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:
The two, turn-of-the-century homes are located on Maryland’s Eastern Shore, approximately fifteen minutes east of the Chesapeake Bay Bridge. Centreville is the county seat of Queen Anne’s County. The quaint Eastern Shore town is comprised of Victorian-era homes, constructed on tree-lined streets. Nearby public schools are Centreville (pre-K-grade 2) Elementary, Kennard Elementary (grades 3-5), Centreville Middle and Queen Anne’s County High, according to the Queen Anne’s County online school locator. Shopping, dining and public amenities are nearby.

110 LITTLE KIDWELL AVE.:
Two story brick and vinyl siding farmhouse, built in 1891 and comprising 1,496 square feet of living area, according to public tax records. The home has a covered front porch, vinyl-clad double-hung windows and composition shingle roof. First floor contains a living room (carpeting), dining room (carpeting), kitchen (vinyl) and bonus room (laminate). Second floor has 3 bedrooms (hardwood) and bath. Lot size 49′ x 108′, corner of Holton Street. In fee simple.

Queen Anne’s County Deed Book SM 2873, Page 140.

Published annual real estate taxes are $2,153, based on a full value assessment of $162,600.

Zoning allows for a duplex to be created in the property.

321 LITTLE KIDWELL AVE.:
Two story vinyl sided colonial home, built in 1905 and comprising 1,372 square feet of living area, according to public tax records. The home has a large covered front porch, vinyl-clad double-hung windows and metal roof. First floor contains a living room (carpeting), eat-in kitchen (vinyl) and bathroom (vinyl). Second floor has 3 bedrooms (carpeting) and bath (vinyl). Lot size 102′ x 90′. In fee simple.

Queen Anne’s County Deed Book KBH 3550, Page 226

Published annual real estate taxes are $2,051, based on a full value tax assessment of $153,700.

Both homes require rehabilitation. Each will be offered individually. 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 on each home, 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. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.