"Elkton"

A $10,000 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 6% buyer’s premium 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 please see the Sample Contract.

Opening Bid: $50,000

ELKTON

TWO STORY TOWNHOME
– $17,640/Year Gross Scheduled Income –

Known As:
133 MAFFITT STREET
Off W. High Street
Elkton, Cecil County, Maryland 21921

Online Bidding Opens
TUESDAY, OCTOBER 20, 2026

Online Bidding Closes
WEDNESDAY, OCTOBER 21, 2026
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.

GENERAL INFORMATION:
Owner’s sale of a three bedroom townhome in Elkton, Maryland. The home is currently rented for $1,470 per month ($17,640/year) on a month-to-month basis. The property is situated in the heart of Elkton, close to Main Street and the town’s primary commercial corridors. The auction provides an opportunity to purchase a well-located income producing property close to shopping, dining, area attractions, major employers and commuter routes at an opening bid of $50,000. Full terms of sale are below.

LOCATION:
133 Maffitt Street is located in the Town of Elkton, the County seat for Cecil County. Elkton is an historic community with modern roots back to the 17th Century. The home sits just a few blocks from the primary commercial corridors in Elkton, Main Street, High Street, Bridge Street and North Street, providing exceptional proximity to restaurants, retail shopping, various services and entertainment. Recreational facilities and public parks are also in close proximity, including Meadow Park, Cow Pond Recreation Area and Eder Park Baseball Fields.

Major commuter routes in the area include US-40/Pulaski Highway, 1.3 miles south, and I-95, about 3 miles north. Significant nearby employers include Northrop Grumman, W.L. Gore & Associates, a number of healthcare companies including ChristianaCare, and both local and State government offices.

According to the Cecil County Public Schools website, nearby schools include Thomson Estates Elementary, Elkton Middle and High.

For more information about the area, please visit:
Elkton, MD – www.elkton.org
Cecil County, MD – www.cecilcountymd.gov
Cecil County Public Schools – www.ccps.org

SITE:
According to public tax records, the lot is 2,047 square feet or 0.047 acre, more or less.

Believed to be serviced by public water and sewer.

Fenced rear yard

Storage shed in rear

Zoned R-3, Residential. Buyers to verify zoning and any local or state registrations.

County GIS map

Town Zoning Map – www.elkton.org

IMPROVEMENTS:
Two story inside-group townhome – according to public tax records the home was constructed in 1850 and contains 1,168 square feet of living area. Exterior features include concrete block construction, vinyl siding, vinyl clad replacement windows and flat built up roof. The home is currently rented for $1,470/month ($17,640/year). The initial lease term expired August 31, 2026, and has continued on a month-to-month basis. The lease provides for annual compounded rent increases of 5% in years 2-5. The property is arranged as follows:

First Floor:
Living Room – laminate flooring – ceiling fan
Dining Room – laminate flooring – ceiling fan
Kitchen – laminate flooring – exit to rear
Full bathroom – laminate flooring – washer/dryer

Second Floor:
Bedroom #1 – carpet
Bedroom #2 – carpet
Bedroom #3 – carpet

Unfinished Basement/Mechanical: Oil-fired hot-water baseboard heat, 55 gallon electric water heater, window AC units and 100 amp electrical service.

TITLE:
In fee simple; sold free and clear of all liens.

TAXES:
Current annual real estate taxes are $1,566, including Town, County and State taxes, based on a full value tax assessment of $87,567.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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. All adjustments, including taxes, rent, 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 settlement and assumed thereafter by the Purchaser. The property will be sold in “AS IS” condition, and subject to the existing lease(s) of the tenant(s) in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to the Town of Elkton and Cecil County citations and violation notices, 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. Time is of the essence. A 6% buyer’s premium will be added to the final bid price.