"Joppatowne - Rumsey Island"

Live Auction Bidders – A $25,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

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

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.

Estate Sale

Live Onsite & Simulcast Online Bidding
$250,000 Opening Bid

JOPPATOWNE

“Rumsey Island”

WATERFRONT HOME
Split-Level with Garage
3 Bedrooms ◆ 2 Baths
Bulkhead and Pier

Known As
107 SHELL COVE COURT
Harford County, MD 21085

Online Bidding Opens
TUESDAY, MAY 30, 2023

Live Onsite Auction
THURSDAY, JUNE 1, 2023
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:
The property is located in the Joppatowne neighborhood of southern Harford County, south of US-40 and west of Joppa Farms Road. The surrounding neighborhood is a mixture of tidy detached homes, townhomes and apartments. According to the Harford County Public Schools website, nearby public schools are Joppatowne, Magnolia Middle and Joppatowne High. The neighborhood is convenient to I-95, providing good access to employment centers throughout the area. Shopping and community services are located within Joppatowne and larger big box stores and shopping centers are on nearby Pulaski Highway (US-40).

107 Shell Cove Court is located on a wide canal leading to the Gunpowder River, with a scenic waterfront vista.

For additional information see:
Rumsey Island Resident Association – rumseyisland.com

SITE:
Lot fronts 70′ on the water and Shell Cove Court, with a depth of 150′, comprising 0.241 acre of land. Plat

Public water and sewer

Zoning R3, Residential

Concrete bulkhead

12′ wooden pier with bubbler

Fenced rear yard

IMPROVEMENTS:
Split-Level Home, built in 1976, containing 1,536 square feet of living area, 576 square feet of lower level space and 288 square foot one-car built-in garage, according to public tax records. The lower level is at grade in the rear.

Exterior – vinyl siding, architectural shingle roof, vinyl-clad double-hung windows, concrete block foundation, bi-level wood sun deck

Main Level

• Foyer – wood floor, coat closet
• Living Room/Dining Room – wood floor, vaulted ceiling, sliding doors to rear deck
• Eat-in Kitchen – vaulted ceiling, oak cabinets, laminate counters, electric range/oven, refrigerator, dishwasher

Upper Level

• Primary Bedroom – carpeting, en-suite ceramic tile Shower Bath
• Bedroom #2 – carpeting
• Bedroom #3 – carpeting
• Full Hall Bathroom – ceramic tile
• Linen Closet

Lower Level

• Paneled Recreation Room – carpeting, wood burning fireplace, sliding door walkout to rear yard

Sub-Basement

• Unfinished, concrete floor
• Washer and dryer, utility sink

Mechanical – electric heat pump and central air conditioning, 50-gallon electric water heater, 200-amp. electrical service, sump pump

TITLE:
The property is in fee simple and sold free and clear of liens. Harford County Deed Book 10872, Page 28.

TAXES:
Published annual real estate taxes are $3,388, based on a full value assessment of $313,300.

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 $25,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

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

Estate of Peter P. Rocco, Jr.