"Lothian"

-$5,000 OPENING BID-

LOTHIAN

1 ACRE ±
RESIDENTIAL LOT

Known As:
51 ARK ROAD
Off Solomons Island Road
Anne Arundel County, Maryland 20711

BIDDING OPENS:
TUESDAY, FEBRUARY 18, 2025

BIDDING CLOSES:
THURSDAY, FEBRUARY 20, 2025
AT 11:00 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:
51 Ark Road is located in the community of Lothian in southern Anne Arundel County, Maryland. The area provides a peaceful and leisurely environment, reminiscent of country living, while being conveniently close to Annapolis, Baltimore and Washington, DC. The housing options in the area consist mainly of single family homes with large lot sizes. Residents can enjoy an array of recreational activities at the Patuxent River Park, Parris N. Glendening Nature Preserve and Jug Bay Wetlands Sanctuary alongside the Patuxent River. Restaurants, retail and grocery options are available within a 3 mile radius. According to the Anne Arundel County school locator map, nearby schools are Lothian Elementary School, Southern Middle School and Southern High School.

For more information about the area, please visit:
Anne Arundel County Government – www.aacounty.org
Anne Arundel County Public Schools – www.aacps.org

SITE:
Lot size – 1 Acre, more or less, according to public tax records

There is direct access to the lot through Ark Road. Google Maps shows the road ending before the lot but the paved road continues directly to the lot.

Zoning RA, residential agricultural

Private well and septic required

Plat

Survey of 53 Ark Road (neighboring property)

TITLE:
In fee simple; sold free and clear of all liens. Anne Arundel County Deed Book Liber SAP 40632, folio 359.

TAXES:
Published annual real estate taxes are $2,841, based on a full value assessment of $236,000.

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 Seller makes no representations or warranties as to the condition of the Property or any improvements thereon and Purchaser acknowledges and agrees to purchase the Property in its “AS IS/WHERE IS” “WITH ALL FAULTS” condition and basis, subject to all easements, agreements, restrictions or covenants of record, zoning, and all laws, regulations, and governmental rules 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% buyer’s premium, subject to a minimum fee of $2,500, will be added to the final bid price.