Absolute Auction Over $5,000 - "Rock Hall - Village of Edesville"

Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
One North Charles St. – Suite 1200
Baltimore, Maryland 21201

ABSOLUTE ESTATE AUCTION
– To The Highest Bidder Over $5,000 –

Village of Edesville

TRADITIONAL HOME
ON 0.55± ACRE

Sale On Premises
6484 ROCK HALL ROAD
Near Edesville Road
Kent County, MD 21661

THURSDAY, APRIL 6, 2017
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:
6484 Rock Hall Road is located in Rock Hall, in the southwest portion of Kent County on Maryland’s Eastern Shore. The area is mostly rural in nature, with expansive farms and large stretches of woodlands. The town of Rock Hall, about 2 miles to the southwest, is a water-oriented community featuring several marinas, waterfront restaurants, hotels and shopping. The home is located a short distance from the Edesville Park, with ballfields and other recreational facilities.

For information about Kent County, please visit:
http://www.kentcounty.com/

For information about Kent County Schools, please visit:
http://www.kent.k12.md.us

SITE:
Level lot – 23,958 square feet, or 0.55 acre, more or less

Gravel driveway

Zoned – Village District
Please see Kent County Land Use Code for more information:
http://www.kentcounty.com/images/pdf/planning/newzone/final_version_A23.pdf

The property is believed to be within the Village of Edesville public water and sewer district.
Please see Kent County Government – Water and Waste Water Services for more information:
http://www.kentcounty.com/water

IMPROVEMENTS:
Two story traditional home – constructed in 1900 and containing 1,200 square feet of living area, according to public tax records. Two additional outbuildings. The home requires full renovation or demolition.

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

TAXES:
Published annual real estate taxes are $1,107.92 based on a full value assessment of $97,700. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $2,500 deposit, payable by certified check or 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 within 24 hours at the Auctioneer’s office. 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, ground rent, 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!

Sale by Order of:
The Estate of Marica Cunningham, by:
Arthur L. Drager, Personal Representative