"Shady Side"

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 by 11:00 A.M., Monday, April 22, 2024, at the Auctioneer’s office. Personal or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is required by 4:00 p.m. on the day of auction. No exceptions. 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
$200,000 Opening Bid

SHADY SIDE

RENOVATED
WATERVIEW HOME
3 Bedrooms ✦ 2 Baths ✦ 0.23 Acre

Known As:
1228 GRINER LANE
Shady Side, Anne Arundel County, Maryland 20764

Online Bidding Opens
WEDNESDAY, APRIL 17, 2024

Live Onsite Auction
FRIDAY, APRIL 19, 2024
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:
1228 Griner Lane is located in the northwest cove of the Shady Side peninsula of Anne Arundel County. Shady Side is a small community with frontage on several bodies of water, including the Chesapeake Bay, West River, Parish Creek and South Creek. That water oriented geography has helped foster the community’s rich maritime history going back to the 1790’s. Marinas, boat and yacht clubs, community piers, waterfront restaurants and bars, and a collection of waterfront parks line the edges of the community. A variety of other businesses and conveniences are located along Shady Side Road and Snug Harbor Road. Shady Side is about 40 miles from the center of Washington, D.C., 47 miles from the center of Baltimore and 21 miles from Annapolis (shorter by boat). According to the Anne Arundel County Public Schools locator function, nearby schools are Shady Side Elementary, Southern Middle and High.

For more information, please see below:
Anne Arundel County, MD – www.aacounty.org
Anne Arundel County Public Schools – www.aacps.org
Anne Arundel County Maps – maps.aacounty.org

SITE:
Flat lot comprising 0.23 acre, more or less

Asphalt parking pad for 2+ vehicles and 2-car attached garage

Fenced yard with storage shed

Private well and public sewer believed to be servicing the property

Believed to be within a ‘Zone AE (EL 5)’ on FEMA Flood Maps.

IMPROVEMENTS:
Updated single family home, constructed in 1925, containing 1,672 square feet of living area with no basement, according to public tax records. The home features 3 bedrooms and 2 bathrooms and has been renovated with a new kitchen containing stainless steel appliances, granite countertops and white cabinetry. All new luxury vinyl plank flooring, ceramic tile, and fresh paint throughout. Utilities include electric heat pump and electric water heater.

TITLE:
In fee simple; sold free and clear of all liens. Anne Arundel County Deed Book SAP Liber 40087, folio 164.

TAXES:
Published annual real estate taxes are $2,068.74, based on a full value assessment of $250,700.

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 by 11:00 A.M., Monday, April 22, 2024, at the Auctioneer’s office. Personal or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is required by 4:00 p.m. on the day of auction. No exceptions.

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, 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. 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