"MD Eastern Shore - Chester"

 REAL ESTATE AUCTION 

Maryland Eastern Shore

Circa 1877
TWO STORY HOME
4 Bedrooms ◆ 2 Baths
Garage & Shop Building

Sale On Premises
624 DOMINION ROAD
MD-552, 1 Mile South of US 50/301
Queen Anne’s County, MD 21619

THURSDAY, AUGUST 22, 2019
AT 11:00 A.M.

– $100,000 Suggested Opening Bid –

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:
624 Dominion Road is located on Maryland’s Eastern Shore, one mile south of US 50/301, between the Chesapeake Bay Bridge and Kent Narrows. Dominion Road is Exit 39 on US 50/301, Blue Star Memorial Highway. Though highly commercial at the interchange, the property is located in a rural area with scenic views. A large farm bounds the rear of the site. According to the Queen Anne’s County school locator, nearby public schools are Kent Island Elementary (Pre-K though Grade 2), Bayside Elementary (Grades 3-5), Stevensville Middle (Grades 6-8) and Kent Island High School (Grades 9-12).

SITE:
Lot size 94′ x 348′, comprising 0.6602 acre of land
Zoning NC-1, neighborhood conservation
Level, landscaped lot
Gravel driveway and parking area for 15+ cars
Private well and septic
FEMA Flood Zone X, outside the 100 and 500-year flood plains, according to public records

IMPROVEMENTS:
Two Story Traditional Home, comprising 2,640 square feet of living area, according to public tax records. Tax records indicate the home was built in 1877. It was later enlarged.

Exterior
Brick construction with vinyl siding trim
Metal and composition shingle roofs
Vinyl-clad double-hung windows
Enclosed front porch
Rear screened porch
Detached frame garage and shop building

First Floor

• Living Room – carpeting
• Dining Room – carpeting
• Large Country Kitchen – sub-floor, dining area, wood cabinets, laminate counters, electric rang/oven
• Laundry Room – sub-floor, sink and cabinets
• Master Bedroom – carpeting
• Full Bathroom – ceramic tile, whirlpool tub, separate shower
• Family Room – vinyl floor, freestanding wood stove

Second Floor

• Bedroom #2 – carpeting
• Bedroom #3 – carpeting
• Bedroom #4 – carpeting
• Full Bathroom – vinyl floor, shower stall
• Attic with pull-down stairs

Mechanical
Oil fired, hot water baseboard heat
200-amp. electrical service
50-gallon and 40-gallon electric water heaters

The home needs updating and cosmetic repairs.

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

TAXES:
Published annual real estate taxes are $3,550, based on a full value assessment of $381,200. 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.
A $10,000 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 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 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.

No buyer’s premium.