Absolute Over $5,000 - "Pasadena - Belhaven Beach"

Randall D. Fisher, Attorney
The Fisher Law Office
888 Bestgate Road, Suite 420
Annapolis, MD 21401

ABSOLUTE REAL ESTATE AUCTION
To The Highest Bidder Over $5,000

“Belhaven Beach”

0.30± Acre
RESIDENTIAL LOT
– Adjoining Compass Pointe Golf Course –

Sale On Premises
8016 BELHAVEN AVENUE
TAX ID: 311090005122
Near Maywood Avenue
Pasadena, Anne Arundel County, MD 21122

THURSDAY, OCTOBER 4, 2018
AT 3:00 P.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:
Anne Arundel County Parcel ID Number 311090005122, generally referred to as 8016 Belhaven Avenue, is located in the Belhaven Beach Subdivision in the Pasadena area of Anne Arundel County. The property adjoins the eastern edge of Compass Pointe Golf Course. The area is water oriented, with several marinas, waterfront restaurants, boat storage facilities and other recreational opportunities within close proximity. The Bodkin Yacht Club is at the end of Belhaven Avenue, and waterfront homes are at the southern edge of the neighborhood. The location is also convenient to Poplar Ridge Park. According to the Anne Arundel County School locator, nearby schools are Fort Smallwood Elementary, Chesapeake Bay Middle and Chesapeake High.

SITE:
Wooded lot, 13,125 square feet, or 0.301 acre, more or less

Anne Arundel County Parcel ID Number 311090005122

Lots 60-B, 61-A and 61 B, Belhaven Beach, plat recorded among the Land Records of Anne Arundel County in Plat Book No. 1, folio 3

The site is believed to require well and septic

2016 Well & Septic Report

TAX INFORMATION:
Anne Arundel County Tax ID: 311090005122
Published annual real estate taxes are $820.33, based on a full value assessment of $80,900. 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

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

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 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. 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