"Severna Park - Cape Arthur"

 REAL ESTATE AUCTION 

– $400,000 Suggested Opening Bid –

“Cape Arthur”
A Water Privileged Community

4 Bedroom ◆ 2.5 Bath
SPLIT-LEVEL HOME
Landscaped Lot ◆ 2 Two-Car Garages
Large Sun Room Addition

Sale On Premises
212 OAK AVENUE
Off McKinsey Road
Anne Arundel County, MD 21146

THURSDAY, NOVEMBER 15, 2018
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:
212 Oak Avenue is located in the Cape Arthur neighborhood of Severna Park in east-central Anne Arundel County, east of Gov. Ritchie Highway (MD-2) and west of the Magothy River. Cape Arthur is a 1950’s era subdivision, with large lots and tree lined streets. The neighborhood boasts one of Severna Park’s best community waterfront areas. Cape Arthur has a voluntary community neighborhood association. For $180 per year, resident members have access to a gated community beach on the Magothy River, parking area, pier with boat slips, boat ramp, extensive playground, picnic pavilion, tennis and basketball courts. Neighborhood homes are typically very well maintained, ranging in age from the 1960’s to new construction.

Nearby public schools are Folger-McKinsey Elementary, Severna Park Middle and Severna Park High, according to the Anne Arundel County government web site. Shopping and community services are less than one mile away on Gov. Ritchie Highway. The neighborhood is convenient to Annapolis, Baltimore and Washington, with close expressway access north via MD-10, leading to MD-100 and the Baltimore Beltway (I-695) and south on MD-2 to US-50/301.

Helpful links:
https://capearthur.org
https://www.severnapark.com/neighborhood/cape-arthur

SITE:
Extensively landscaped lot fronts 100′ on Oak Avenue by a depth of 172′ and comprises 0.41 acre of land. Lot has lush shrubbery, magnolia, crepe myrtle and large hardwood trees.

Zoning R5, residential

Public water, public sewer, gas, electricity, telephone, cable and internet

Asphalt driveway can accommodate about 10 cars and leads to a built-in two-car garage and a detached two-car garage

Covered front entry

Concrete rear patio

Large wooden gazebo with electricity and ceiling fan

IMPROVEMENTS:
Very attractive Split-Level Home, built in 1965, contains 3,232 square feet of living area, 1,028 square feet of basement space, 1,104 square foot built-in garage, according to public tax records, plus 676 square foot detached garage.

Exterior
Brick and vinyl siding
Composition shingle roof, aluminum rainspouts
Vinyl-clad double-hung windows
Concrete block foundation

Entry Level

• Foyer – slate floor, coat closet
• Living Room – wood floor
• Dining Room – wood floor, chair rail, wainscot
• Eat-in Kitchen – vinyl floor, pocket door to foyer, wood cabinets, laminate counters, refrigerator, dishwasher, wall oven, electric range, laundry with washer and dryer
• Sun Room Addition (28′ x 16′) – carpeting, cathedral ceiling with four skylights

Upper Level

• Master Bedroom – carpeting over wood floor, walk-in closet, ceramic tile Master Bath (shower)
• Bedroom #2 – carpeting over wood floor
• Bedroom #3 – carpeting over wood floor
• Bedroom #4 – carpeting over wood floor
• Full Bath – ceramic tile, double sink vanity
• Linen Closet
• Storage Closet

Lower Level

• Family Room – carpeting, brick gas fireplace, paneling, outside exit
• Half-Bath – vinyl floor
• Heated Two-Car Garage – two overhead doors, pedestrian door, utility sink

Detached Brick Garage (26′ x 26′), two overhead doors, attic with flooring, 100 amp. electrical service.

Mechanical
Central air conditioning
Gas hot water heat – six zones
Summer/winter hot water tank with electric back-up
Lawn irrigation system (not operating)
200 amp. electrical service
Exterior lighting

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 2696, Page 662.

TAXES:
Published annual real estate taxes are $5,524, based on a full value assessment of $512,900. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE:
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 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 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 by order of Mark L. Potter, Trustee of the Sorrell Living Trust