"North East"

A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4 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. A 5% or $5,000 buyer’s premium, whichever is greater, will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Arthur L. Drager, Esquire
1 North Charles Street, Suite 1200,
Baltimore, Maryland 21201

Opening Bid: $30,000
Estate Sale

NORTH EAST

RANCH HOME
On 0.23± Acre

Known As:
112 E. HARVEY STREET
Near Irishtown Rd.
Cecil County, Maryland 21901

BIDDING OPENS:
MONDAY, NOVEMBER 4, 2024

BIDDING CLOSES:
WEDNESDAY, NOVEMBER 6, 2024 AT 12:30 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:
112 E. Harvey Street is located in the town of North East in Cecil County, Maryland. North East is situated along the Chesapeake Bay and near both 1-95 and Route 40, providing easy access west to Baltimore and east to Wilmington, Philadelphia and beyond. North East’s Main Street, which features a number of restaurants, cafes, antique shops and other small businesses, is within a half mile of the home. Elk Neck State Park, featuring hiking and mountain biking trails, hunting areas, and horseback riding, is less than 2 miles east. The North East Community Park and Town Pier, which provide guests with waterfront views and annual community events, are just over a half mile west of the home. Major employers in the area include the Aberdeen Proving Ground, Cecil College and the Union Hospital of Cecil County.

For more information about the area, please visit:
North East, Maryland – www.northeastmd.org
Cecil County – www.ccgov.org
Elk Neck State Forest – dnr.maryland.gov

SITE:
Lot size – 0.23 acre, according to public tax records
Zoning R-1, low density residential
All public utilities
Storage shed
Concrete driveway

IMPROVEMENTS:
Ranch home, built in 1956, containing 792 sq. ft. of living area. Exterior features include vinyl siding, vinyl-clad replacement windows, an asphalt architectural shingle roof and a carport for 2 vehicles. The property is arranged as follows:

• Living room – wood flooring
• Kitchen – vinyl flooring, exit to rear yard
• Laundry/Utility room – pull down ladder to attic
• Full bathroom – vinyl flooring
• Bedroom – wood flooring
• Bedroom/Office – wood flooring
• Mechanical – forced air heat (oil), central air conditioning, 55 gallon gas water heater and 200 amp. electrical service

TITLE:
In fee simple; sold free and clear of all liens. Deed book WLB 725, page 959.

TAXES:
Published annual real estate taxes are $2,046.27, based on a full value assessment of $131,767.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4 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. The settlement period stated herein may be extended for up to 60 days automatically by Seller if good and marketable title cannot be conveyed within the original 45 days provided by the Contract. Failure to provide good and marketable title may be based on, but not limited to, a bankruptcy case relating to the decedent that is in process of dismissal. 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, ground rent and 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 waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. A 5% or $5,000 buyer’s premium, whichever is greater, will be added to the final bid price.

Arthur L. Drager, Personal Representative of the Estate of Judith Olah