Absolute Above $25,000 - "Maryland Eastern Shore"

Rob Goldman Legal Solutions
6800-B Holabird Avenue, Baltimore, MD 21222

 ABSOLUTE ESTATE AUCTION 

To the Highest Bidder Above $25,000
MARYLAND EASTERN SHORE

“Holiday Harbor”

WATERFRONT
RESIDENTIAL LOT
0.4591± Acre on Lagoon

Sale On Premises
11202 CHARLIE DRIVE
Worcester County, MD 21813

FRIDAY, AUGUST 9, 2019
AT 12 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:
Holiday Harbor is a single family home subdivision, situated along the north shore of the St. Martin River, near the Isle of Wight and opposite Ocean Pines, approximately 10 minutes west of Ocean City. The neighborhood is comprised of custom homes in varying styles. Holiday Harbor is close to attractions which include pristine woodlands, several premier golf courses and water sports. Holiday Harbor is quiet and serene. Nearby schools are Showell Elementary, Stephen Decatur Middle and High.

SITE:
Clear, level lot 100′ x 200′, comprising 0.4591 acre
Lagoon in rear
Zoning R-1, rural residential
Well and septic are required

TITLE:
Known and designated as Lot No. 105, plat entitled “Holiday Harbor, Plat No. 4”, recorded among the land records of Worcester County in Plat Book F.W.H. No. 51, folio 65. The property is in fee simple and sold free and clear of liens. Deed Liber 1767, page 84.

TAXES:
Published annual real estate taxes are $1,122, based on a full value assessment of $118,500. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 deposit, 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, Monday, August 12, 2019, 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. 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 (including agricultural transfer tax, if any) 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 the Estate of Evelyn L. Higgins