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A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. 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 $1,500 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.
ABSOLUTE AUCTION TO THE
HIGHEST BIDDER ABOVE $1,500
0.14 ± ACRE
128 CRESSTON ROAD
Anne Arundel County Tax ID: 0322590253426
Near College Parkway
Arnold, Maryland, 21012
New Date Coming Soon!
MONDAY, OCTOBER 24, 2022 BIDDING CLOSES:
TUESDAY, OCTOBER 25, 2022 AT 11:20 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.
128 Cresston Road is located in the Cresston Park subdivision of Arnold in Anne Arundel County. The neighborhood is comprised of primarily single family detached homes. The lot is located just off of College Parkway across the street from Anne Arundel Community College. Governor Ritchie Highway is within a mile and features dining, retail and entertainment. A grocery store, coffee shops, banks, churches and library are within 2.5 miles. The water rich community has access to the Magothy River through Mills Creek. Various marinas and parks are also within close proximity. According to the Anne Arundel County Public Schools locator, the area public schools include Belvedere Elementary School, Severn River Middle School, and Broadneck High School.
Lot size – 0.14 acre, more or less, according to public tax records
Parcel is known as lots 87 & 88, in the land records of Anne Arundel County, Maryland, Plat Book 15, Folio 35.
Public water and sewer are believed to be available.
Zoning R-2, Residential
The property is in fee simple; and sold free and clear of liens.
Published annual real estate taxes are $718.26, based on a full value assessment of $122,467.
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.
A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, 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. A 5% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.
POSTPONED - New Auction Date Coming Soon