"Drum Point - Southern Maryland"

 REAL ESTATE AUCTION 

ONE STORY
WATERFRONT HOME
– On 0.51± Acre –

Sale On Premises
115 JOHNSON DRIVE
Off Rousby Hall Road
Lusby, Calvert County, MD 20657

FRIDAY, JUNE 21, 2019
AT 12:30 P.M.

– SUGGESTED OPENING BID: $300,000 –

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:
115 Johnson Drive is located in the Drum Point area of southern Calvert County. Drum Point is located south of Lusby and Chesapeake Ranch Estates, and immediately east of Solomons. Bound by the Chesapeake Bay, Patuxent River and Mill Creek, the area features a number of maritime businesses, a Naval facility, water oriented recreational opportunities and waterfront homes. The neighboring community of Solomons is a well-known, long-standing tourist destination, and features waterfront restaurants, marinas, museums and recreational businesses. According to the Calvert County Public Schools Locator Application, nearby schools are Dowell Elementary, Mill Creek Middle and Patuxent High School.

The home sits along Leason Cove, which connects to Mill Creek and eventually out to the Patuxent River and Chesapeake Bay. According to NOAA charts (12284), depths (MLW) in the Cove are predominantly 8-10′, with depths at the end of the subject property pier stated to be 5′. Actual water depth at the end of the pier is believed to be approximately 9′ (MLW). Channel depths for the balance of Mill Creek are in excess of 12′.

The home is located within the Drum Point Community. The Community maintains a number of facilities and recreational amenities, including a beach, fishing pier, community building, as well as much of the community infrastructure. The Owner’s Association also has a significant role in engaging with various governmental bodies on matters impacting the community. Additional information about Drum Point can be found via the link below.

For more information about the area, please visit:
http://www.co.cal.md.us/
https://www.dppoa.org/home.html
http://solomonsmaryland.com/

SITE:
Lot size: 0.51 acre, more or less, according to public tax records

Known as lot 28, Block A, Section 23-B in the Drum Point Subdivision, plat recorded in the Calvert County Land Records at Liber JLB 1, page 67

The lot features approximately 79′ of water frontage on Leason Cove/Mill Creek. Rip rap bulkhead is approximately 4 years old.

Pier and boat lift. The pier is approximately 90’+ with tie-off pilings, slip with electric boat lift (15,000 lb. capacity), additional slip, power and water. Depths at the end of the pier are 5′ (MLW) on NOAA depth chart number 12284, and believed to be closer to 9′ (MLW).

Asphalt driveway and parking area

Flat rear (roadside) yard with mature trees, planter beds and landscaping

Gently sloping front (waterside) yard, with patio and outdoor dining area

Private well and private septic

According to the FEMA Flood Map Service Center, the property is located in a Zone X area of minimal flood hazard.

IMPROVEMENTS:
Brick and stone ranch home – constructed in 1968, containing 1,715 square feet above grade plus basement, according to public tax records. The well appointed home is conveniently arranged for one floor living, ample entertaining space with views of the water, fireplace, two outdoor patios and covered front porch.

Exterior
Brick and stone facade
Asphalt architectural shingle roof
Vinyl-clad replacement windows
Attached two car garage with overhead doors
Two patios

First Floor

• Entry foyer – stone floor
• Living room – wood tile floor, wood-burning fireplace with oversized stone mantle, bar area with shiplap detail, built in buffet and storage and sliding doors to outdoor patio
• Kitchen – ceramic tile floor, stainless steel appliances and solid surface countertop
• Dining room – wood floor, beadboard detail and sliding doors to outdoor dining area
• Master suite – wood floor, full bath with ceramic tile floor, dual vanity and shower tub
• Bedroom – wood floor
• Bedroom – wood floor
• Full hall bath – ceramic tile floor, dual vanity and shower tub

Basement/Mechanical

• Unfinished basement with laundry and storage areas
• Electric heat pump
• Central air conditioning
• 50 gallon electric water heater
• 200 amp. electrical service
• Water treatment system

HOMEOWNERS ASSOCIATION:
Annual HOA fee is believed to be $161, with an additional $115 paid in conjunction with real property taxes based on inclusion within a Special Tax District. HOA Documents. 

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

TAXES:
Published annual real estate taxes are $5,335, based on a full value assessment of $479,600.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. 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 by 12:00 Noon, Monday, June 24, 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, homeowner association fees, 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, and subject to the Declaration, By-Laws, Rules and Regulations of the Drum Point Property Owners Association, Inc. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser agrees to waive the right of rescission under Maryland Homeowner Association Law, have received and reviewed the Resale Package.  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 any, 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!