Absolute Above $25,000 - "Georgetown, DE"

LAW OFFICE OF BRYAN H. POTTS
8621 Philadelphia Road, Baltimore, MD 21237

★ABSOLUTE★
ESTATE AUCTION
To the Highest Bidder Above $25,000 Per Property

2 – VINYL SIDED
RANCHERS

Sales On Premises
4 & 9 WAPLES DRIVE
Sussex County, DE 19947

FRIDAY, NOVEMBER 8, 2019
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:
The properties are located in the Briggs Development in Georgetown, the county seat of Sussex County. The property is northeast of the downtown business district, about two blocks north of Market Street (US-9). The surrounding area is a mixture of land uses. Community services and employers are within walking distance.

The two homes have been used as rentals for the last ten to twelve years. They are currently occupied but the seller has no knowledge of rental or lease arrangements. Inspection on day of sale only.

SITE:
Each lot is 75′ x 135′, comprising 0.232 acre, according to public tax records. The lots are level.
Zoning Q – single-family residential
Public utilities
Off-street parking

IMPROVEMENTS:
Each property comprises a ONE STORY VINYL SIDED RANCHER, built in approximately 1972. 4 Waples Drive contains 1,056 square feet and 9 Waples Drive 1,104 square feet of gross living area according to public tax records. Each house is believed to contain 3 bedrooms and bath with baseboard electric heat.

TAXES:
According to published tax records, annual real estate taxes are $382 and $365, respectively.

TITLE:
The properties are in fee simple and sold free and clear of liens.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit on each property, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price, by 12:00 noon on Monday, November 11, 2019, at the Auctioneer’s office (wiring instructions will be provided or your personal check will be accepted at the sale site for the balance of the deposit). 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. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments, including taxes, rents, 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 properties will be sold in “AS IS, WHERE IS” condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the rights of tenants in possession, if any. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property 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.

No buyer’s premium.

Auction by order of:
Bryan H. Potts, Personal Representative of the Estate of William S. Hamilton