"Edgewater - Ponder Cove Beach"

REAL ESTATE AUCTION

ESTATE SALE
$35,000 Suggested Opening Bid

RANCH HOME
– On 0.26± Acre –

Sale On Premises
3822 HOLLY DRIVE
Off Fairview Road, Near Central Avenue
Anne Arundel County, MD 21037

WEDNESDAY, JANUARY 15, 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:
3822 Holly Drive is located in the Ponder Cove Beach Club subdivision in the Edgewater area of Anne Arundel County, a short distance north of Mayo, more often referred to as Ponder Cove Beach. Ponder Cove Beach is a water access community with an optional HOA, providing a boat launch, pier and playground. The community is situated south of Central Avenue (MD-214) along the White Marsh Creek, a tributary of the Rhode River which feeds out into the Chesapeake Bay. The overall area retains a water oriented character in conjunction with its location along several rivers, creeks and bays. There are a number of wharfs and marinas within a short distance of the property, in addition to the one located within the community. Recreational options both on and off the water are abundant. Central Avenue provides proximate access to shopping, dining and neighborhood services, as well as east to Solomons Island Road (MD-2). Annapolis is approximately 8 miles north, Washington, D.C. is approximately 23 miles west and Baltimore is about 30 miles north. According to the Anne Arundel County school locator map, nearby schools are Mayo Elementary, Central Middle and South River High.

For more information about the area, please visit:
https://www.aacounty.org/
http://pondercovebeachclub.com/

SITE:
Rectangular lot – 75′ x 150′, comprising 11,250 square feet or 0.258 acre, more or less

Front and rear yards

Driveway for 2-3 vehicles

The property is believed to be serviced by a private well and public sewer. The condition of the well is unknown.

Zoning R-2 Residential

IMPROVEMENTS:
Ranch home – constructed in 1966 and containing 960 square feet of living area, according to public tax records. The home is arranged for an open living room and dining room, kitchen, three bedrooms and bath. Needs full renovation.

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view additional documents for the property.

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

TAXES:
Published annual real estate taxes are $3,174.36, based on a full value assessment of $266,200.

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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $7,500 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. 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, ground rent, 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. 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. 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. No buyer’s premium.

Sale by Order of the Estate of Nellie W. Doering