"Broadwater Beach"

Owner Moving to Florida

 REAL ESTATE AUCTION 

– $1,000,000 Suggested Opening Bid –

“Broadwater Beach”

SPECTACULAR
WATERFRONT HOME
Over 5,300 Square Feet of Finished Area
5 Bedrooms ◆ 3.5 Baths ◆ 3-Car Garage
Deep Water Pier & Boat Lift
Magnificent Water Views

Sale On Premises
519 BROADWATER ROAD
Arnold, Maryland 21012

THURSDAY, JUNE 27, 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:
519 Broadwater Road is located along the south shore of the Magothy River, south of Severna Park and north of Annapolis. From Ritchie Highway (MD-2) follow College Parkway east to Jones Station Road left to Mago Vista Road left to Broadwater Road, turn right to Broadwater Beach and home. The neighborhood is 10 minutes to Annapolis, 45 minutes to Washington, 40 minutes to Baltimore, 25 minutes to BWI Airport and 15 minutes to the Chesapeake Bay Bridge.

The Broadwater Beach peninsula offers excellent waterfront access to the Chesapeake Bay, well kept custom homes and a serene setting. Its close proximity to major routes provides a short drive to shopping, dining and entertainment. Nearby public schools are Belvedere Elementary, Severn Middle and Broadneck High, according to the Anne Arundel County government web site.

SITE:
1.169± acres, fronting 93.5′ along the Magothy River. Lot is approximately 408′ deep and features landscaped front and rear yards with well-tended mature plantings.

• Lighted boardwalk leads to 130′ x 6′ pier with 10′ x 20′ platform at end, water, electricity, electric boat lift, 3+ additional slips, 12′ – 14′ water depth, bubbler
• 20′ x 72′ waterview wood deck in rear of home with multiple entrances
• 2 – waterview balconies
• Brick walkways lead to covered brick front entry porch with balcony above
• Macadam driveway, off-street parking for 20 or more cars
• Three-Car Detached Brick Garage
• Riprap bulkhead, built in approximately 2017
• Public water, public sewer, gas, electricity, telephone, high-speed internet

RESIDENCE:
Two Story Brick Colonial Home, built in 1996, containing 4,908 square feet of living area and 2,628 square feet of basement space.

Exterior
All brick construction
Wood double-hung windows, Palladian windows, French doors
Full concrete block basement foundation
Composition shingle roof, aluminum rain gutters with gutter screens

First Floor – open concept living area, high ceilings

• Two Story Foyer – waterview, wood floor, walk-in closet
• Two Story Living Room – waterview, wood floor, 4 – French doors to deck, Palladian windows, brick wood-burning fireplace
• Dining Room – waterview, wood floor
• Eat-in Kitchen – waterview, wood floors, Cherry wood cabinets, work island with granite counter, JennAir wall oven, microwave, 4-burner rangetop, KitchenAid dishwasher, Samsung refrigerator, large dining area
• Butler’s Pantry – wood floor, service bar, wine cooler and refrigerator
• Master Bedroom Suite – waterview, wood floor, walk-in closet with custom closet organizer, French doors to deck
• En-Suite Master Bath – marble floor, walk-in shower, whirlpool tub, two sink vanities, water closet
• Library/Office – wood floor, Palladian windows
• Half-Bath – wood floor, hand-painted gilt edge pedestal sink
• Laundry Room – ceramic tile, coat closet, Samsung washer and dryer, utility sink, refrigerator, built-in ironing board

Second Floor – open waterview balcony above living room, high ceilings

• Bedroom #2 – carpeting, large closet
• Bedroom #3 – carpeting, French door to private waterview balcony, large closet
• Bedroom #4 – carpeting, large closet
• Bedroom #5 – carpeting, French door to private waterview balcony, large closet
• Full Bathroom #2 – ceramic tile, whirlpool tub, shower, water closet, linen closet
• Full Bathroom #3 – ceramic tile
• Office/Den – carpeting

Basement

• Workout Room – carpeting, 2 mirror walls
• Approximately 2,200 square feet of unfinished area with insulated ceiling
• Outside Exit
• Bathroom rough-in
• Fireplace rough-in

Mechanical
Zoned HVAC – 2 gas forced air furnaces, central air conditioning units, electronic air cleaner, humidifier
2 – gas, 50-gallon water heaters
2 – 200 amp. electrical panels
2 – sump pumps, French drain
Comcast internet and cable (other carriers are believed available)
Central vacuum system

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 29676, Page 78.

TAXES:
Published annual real estate taxes are $18,705, based on a full value assessment of $1,837,767. 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 see the sample contract of sale for complete terms.
A $100,000 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. 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 settlement 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. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.

No buyer’s premium.

Auction conducted in collaboration with The David Orso Team of Compass Real Estate