"Severna Park"

Live Auction Bidders – A $40,000 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.

Online Auction Bidders – A 10% deposit, payable by cashier’s check or wire transfer, is required of the purchaser by 4:00 p.m. on the day of auction. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount.

No buyer’s premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Live Onsite & Simulcast Online Bidding
$400,000 Opening Bid

SEVERNA PARK
“Ben Oaks On The Severn”

TRI-LEVEL HOME
6 Bedrooms ◆ 2 Baths

Known As
408 BEN OAKS DRIVE WEST
Off Benfield Road
Anne Arundel County, MD 21146

Online Bidding Opens
MONDAY, DECEMBER 19, 2022

Live Onsite Auction
TUESDAY, DECEMBER 20, 2022
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:
408 Ben Oaks Road West is located in the Ben Oaks on the Severn neighborhood of Severna Park, in central Anne Arundel County. The water privileged community fronts along the Severn River, and features an array of amenities further described below. Annapolis and Baltimore are about 15 miles to the south and north, respectively. Washington D.C. is about 25 miles west. Benfield Road provides proximate access to I-97 and Ritchie Highway (MD-2), via Robinson Road, making major employment centers, shopping, dining and other services easily within reach. According to the Anne Arundel County school locator, nearby schools are Benfield Elementary, Severna Park Middle and High.

For more information about the area, please visit:
Anne Arundel County, MD – www.aacounty.org
Locate Your School – www.aacps.org

COMMUNITY:
Ben Oaks on the Severn, more commonly referred to as “Ben Oaks,” is a water privileged community fronting along the Severn River. Neighborhood homes are situated away from the waterfront, allowing all community residents to experience and enjoy the amenities situated thereon and excellent views. There are approximately 150 homes in the neighborhood. The homes were constructed predominantly in the 1950s and 1960s, and have largely been updated and expanded over the years. A handful of homes have been constructed more recently.

Water access includes a marina, pier, boat launch and kayak launch. Additional features include a pool with sandy beach, playground, waterfront park and additional recreational facilities. Water depth at the end the community pier is 5′ (MLW), according to NOAA depth chart 12281 – charts.noaa.gov.

Annual HOA charges are $428, including annual assessment, dues, pier and dock repair funds. Slip flees are applicable only for slip holders, as well as other associated marina usage items. See Civic Association bill within the HOA Documents for more details.

SITE:
Level lot – approximately 80′ x 154′, comprising 0.30 acre. Plat
Zoning R2, residential
Public water and sewer
3 storage sheds
4-car concrete driveway

IMPROVEMENTS:
Two Story Tri-Level Home, built in 1960, containing 2,118 square feet of living area and 598 square feet of basement space, according to public tax records.

Exterior – frame with siding, architectural roof, double-hung windows, concrete block foundation, rear wood sun deck

First Level

• Entry Foyer – tile
• Living Room – carpeting, brick fireplace
• Dining Room – carpeting, sliding doors to sun deck
• Eat-in Kitchen – knotty pine cabinets, laminate counters, island with sink and dishwasher, electric range/oven, microwave, refrigerator
• Laundry Room – vinyl floor

Second Level

• Bedroom #1 – carpeting, access to bathroom
• Bedroom #2 – carpeting
• Bedroom #3 – carpeting
• Full Ceramic Tile Bathroom
• Attic with pull-down access and flooring

Third Level

• Bedroom #4 – carpeting
• Bedroom #5 – carpeting
• Bedroom #6 – vinyl
• Full Ceramic Tile Bathroom

Basement

• Paneled Recreation Room and unfinished area with utility sink

Mechanical – oil hot water heat, central air conditioning, electric water heater, 150 ampere electrical service, Verizon Fios

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 2362, Page 48.

TAXES:
Published annual real estate taxes are $5,473, based on a full value assessment of $491,100. 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: Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A $40,000 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.

Online Auction Bidders – A 10% deposit, payable by cashier’s check or wire transfer, is required of the purchaser by 4:00 p.m. on the day of auction.

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 existing zoning 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, and waives any right of rescission under the Maryland Homeowner’s Act, have reviewed the HOA documents before bidding. 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.