"MD Eastern Shore - Somerset County - Princess Anne"

A $5,000 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 7% or $2,500 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 $20,000

MD EASTERN SHORE
Somerset County | Princess Anne

TRADITIONAL HOME
ON 1.15 ACRES

Known As:
27159 ORIOLE ROAD
Near Oriole Back Road
Princess Anne, Somerset County, Maryland 21853

BIDDING OPENS:
MONDAY, AUGUST 28, 2023

BIDDING CLOSES:
WEDNESDAY, AUGUST 30, 2023 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.

LOCATION:
27159 Oriole Road is located in the town of Princess Anne in Somerset County, Maryland. Located on Maryland’s Eastern Shore, the charming town is surrounding by the banks of the Manokin River and offers a delightful mix of old-world charm and modern amenities. The town’s historic district features quaint streets lined with colorful Victorian homes, boutique shops and cafes showing off the well-preserved 18th and 19th century architecture. Nature enthusiasts can enjoy nearby parks and wildlife reserves, such as the Janes Island State Park and the Deal Island Wildlife Management Area. These protected areas provide opportunities for hiking, birdwatching, and kayaking, allowing visitors to immerse themselves in the region’s unique ecosystem. Major employers in the area include University of Maryland Eastern Shore and several commercial businesses throughout the town. The area public schools are believed to be Princess Anne Elementary School and Washington High School.

For more information about the area, please visit:
Town of Princess Anne – townofprincessanne.org
Somerset County, MD – www.somersetmd.us

SITE:
Lot size – 1.15 acres, more or less, according to public tax records.

Maritime Residential Zoning

Private well and septic are believed to be required

IMPROVEMENTS:
Two story traditional home, built in 1880, containing 2,517 square feet of living area with no basement, according to public tax records. The home contains four bedrooms, two bathrooms, large living areas, dining room and kitchen. There is a large entry foyer with an ornate wooden staircase, some original charm can be found throughout the home. Some rooms contained electric baseboard heating but other utilities could not be located. The home needs rehabilitation to restore it to its former glory. Home is vacant.

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

TAXES:
Published annual real estate taxes are $790.58, based on a full value assessment of $65,700.

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 $5,000 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, and subject to existing zoning. 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 7% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price.

NOTE: Buyer can select the title company of their choice. However, the seller will provide a $500 closing cost credit if the buyer uses Cotton Duck Title (www.cottonducktitle.com/).