"Eastern Shore - Rock Hall Area"

A $7,500 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 Tuesday, July 16, 2024 at 4 P.M. (Eastern). 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.

 ONLINE REAL ESTATE AUCTION

– Opening Bid: $40,000 –

EASTERN SHORE
– Rock Hall Area –

Partially Complete
TWO STORY HOME
– On 0.344± Acre –

Known As:
21400 LOVERS LANE
Off Tolchester Road
Rock Hall, Kent County, Maryland 21661

BIDDING OPENS:
FRIDAY, JULY 12, 2024

BIDDING CLOSES:
TUESDAY, JULY 16, 2024
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.

LOCATION:
21400 Lovers Lane is located in Rock Hall on Maryland’s upper Eastern Shore. The area is home to a combination of farms, agricultural businesses, maritime businesses and maritime recreation. The town of Rock Hall itself, an historic waterfront community and home to much of the area’s tourism business, is situated approximately 2 miles south. Rock Hall features a variety of employers, retail shopping, dining, parks, marinas and other water oriented businesses and recreational opportunities. The area immediately surrounding the property is mostly wooded with some large farms north and west.

For more information, please see:
https://www.kentcounty.com/
https://www.kent.k12.md.us/ 

SITE:
Lot size: 0.344 acre, more or less

The lot is mostly level and clear. Believed to be serviced by private well and private septic.

Tax Map

IMPROVEMENTS:
The property is improved by a two story traditional home with attached garage. The property is believed to contain 2,200 square feet including garage. Features include new roof, new electrical panel and Tyvek wrapping. The house is otherwise gutted and framed. Arranged for an open floor plan living room, dining area, kitchen and powder room (or full bath) on the first floor. Second floor arranged for 3 bedrooms and 1-2 baths.

A number of building materials remain on-site. Those include a full kitchen, including cabinets, counter tops and appliances. An additional materials list may be provided in advance of the auction.

ZONING:
Agricultural Zoning District

For more information about Kent County Zoning, please visit:
https://www.kentcounty.com/planning/

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

TAXES:
Published annual real estate taxes are $1,021.64 based on a full value assessment of $84,800.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $7,500 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 Tuesday, July 16, 2024 at 4 P.M. (Eastern). 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. The Property will be sold subject to Kent County violation notices, if any. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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. A 5% or $5,000 buyer’s premium, whichever is greater, will be added to the final bid price.