"Rising Sun"

A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 3:00 p.m. on the day of the 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. 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.

J. Michael Holloway, Attorney
HOLLOWAY & SULLIVAN, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

ABSOLUTE ONLINE

To the Highest Bidder Above $100,000

RISING SUN

BRICK RANCHER
Situated on 2.07± Acres
3 Bedrooms ◆ 1.5 Baths ◆ Garage
– Updating Needed –

Known As
334 SPRING HILL ROAD
a/k/a 334 Springhill Road
Cecil County, MD 21911

Online Bidding Opens
FRIDAY, JULY 7, 2023

Online Bidding Closes
MONDAY, JULY 10, 2023
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Cecil County, passed In the Matter of Nancy Smith, Case No. C-07-FM-19-000892, the undersigned will sell at online public auction, the property as noted above.

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:
334 Spring Hill Road is in the northwestern portion of Maryland’s Eastern Shore, about one mile south of the Maryland-Pennsylvania border, east of the Susquehanna River and north of US-1. The surrounding area is rural. The home is about 1.5 miles northwest of the town of Rising Sun and about 4 miles northeast of Conowingo Dam.

SITE:
2.07 Acres, mostly level and clear with some large trees bordering
Zoning NAR, northern agricultural-residential district
Private well and septic
Wooden storage shed

SDAT Map

IMPROVEMENTS:
Brick Ranch-style Home, built in 1967, containing 1,074 square feet of living area, 1,064 square feet of basement space and 286 square foot attached garage, according to public tax records.

Exterior – all brick facade, composition shingle roof, wood double-hung windows, front and rear covered porches, concrete block foundation

First Floor

• Living Room – carpeting over wood floor, brick wood-burning fireplace
• Country Kitchen – vinyl floor, wood cabinets, laminate counters, electric range/oven, microwave, access to rear porch and yard
• Primary Bedroom – wood floor, en-suite Half Bath
• Bedroom #2 – wood floor
• Bedroom #3 – wood floor
• Full Bathroom – ceramic tile

Basement

• Paneled Recreation Room – concrete floor, paneling, drop ceiling
• Laundry/Utility Room
• Outside Exit

Mechanical – forced air heat (oil), central air conditioning, sump pump, 2 electric meters, 58-gallon water heater (electric)

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,350, based on a full value assessment of $217,233. 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 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 3:00 p.m. on the day of the 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. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.

No buyer’s premium.

Terry K. Sullivan, Guardian of the Property of Nancy Smith