"Damascus Area"

 REAL ESTATE AUCTION 

$350,000 Suggested Opening Bid

45.045± ACRE FARM
Rolling Farmland Approved for
EXECUTIVE HOMESITE

Sale On Premises
11511 PIEDMONT ROAD
With Additional Frontage on Hawkes Road
Clarksburg, Montgomery County, MD 20871

WEDNESDAY, NOVEMBER 6, 2019
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:
11511 Piedmont Road is a scenic farm, located five minutes west of Damascus town center, just east of I-270, south of I-70, near MD-27 (Ridge Road). The property fronts on Piedmont Road and Hawkes Road. Surrounding land uses include farms, individual homes and luxury home subdivisions in a picturesque setting. According to the Montgomery County Public Schools web site, nearby public schools are Cedar Grove Elementary, Hallie Wells Middle and Clarksburg High. The property is convenient to Washington, Baltimore, Frederick and employment centers throughout the region.

SITE:
45.045 Acres, fronting 1,013.60 feet along the north side of Piedmont Road and approximately 932 feet along the west side of Hawkes Road in two segments.

The topography is rolling with sweeping views of agricultural land and mature woodlands. A conservation easement with stream traverses the property.

According to public tax records the property is zoned RDT – Rural Density Transfer and will permit one homesite.

Well and septic are required.

The parcel has been perc approved for a six bedroom home.

DOCUMENTS:

• Record Plat
• Approved Septic Plan
• Septic Easement

TITLE:
The property is in fee simple and sold free and clear of liens. Montgomery County Deed Book 31980, Page 350. The property is known as Lot 1, Piedmont Acres, recorded among the Plat Records of Montgomery County as Plat No. 23322.

TAX INFORMATION:
Published annual real estate taxes are $2,010, based on a full value agricultural tax assessment of $122,000. Tax District 2, Account No. 03520572. Tax Map FW12, Parcel N105, Lot 1.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $25,000 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. 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, including agricultural transfer tax, if applicable, 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% buyers premium will be added to the final bid price.