"Lothian"

A $15,000 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 5% 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 see the Sample Contract.

To The Highest Bidder Over $125,000

LOTHIAN

DETACHED HOME
ON 1 ± ACRE
~ Renovation or New Construction Opportunity ~

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

BIDDING OPENS:
MONDAY, OCTOBER 7, 2024

BIDDING CLOSES:
WEDNESDAY, OCTOBER 9, 2024
AT 1:00 P.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:
53 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:
Private lot consisting of 1 ± acre

Home serviced by well and septic

Zoning RA, residential agricultural

NOTE: “Ark Road” no longer exists. The property for sale is Anne Arundel County Tax ID 020100009016871 and is now known as 53 Ark Road. 51 Ark Road is not included in the auction. These references are per SDAT and not the outdated MLS tax accounts. See the site drawing of the property.

IMPROVEMENTS:
Ranch home, constructed in 1964, containing 972 square feet of living area and 972 square feet of basement space, according to public tax records. The home features living room, dining room, kitchen, three bedrooms and bathroom, on the upper level. Basement space is partially finished and serviced with oil heat and electric water heater; gas service is available in the home.

Renovation or New Construction Opportunity. The home is vacant.

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

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 $15,000 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 will be added to the final bid price.