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A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser. No Buyer’s Premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the
– 0.23± Acre –
3338 ARUNDEL ON THE BAY ROAD
Annapolis, Anne Arundel County, MD 21403
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.
The property is located in the Community of Oyster Harbor in Maryland’s capital city of Annapolis. The community, governed by a home owners association, is located within close proximity to the Chesapeake Bay. The Community of Oyster Harbor offers many amenities, including picnic areas, playgrounds, dog parks, private beaches and boat slips for residents. Grocery stores, convenience stores and coffee shops are within two miles of the home. For more scenic options, Quiet Waters Park, located less than 3.5 miles away, offers winding trails, grassy fields, playgrounds and over 300 acres of picturesque parkland. Downtown Annapolis, located within five miles, is the home to State of Maryland Government, Annapolis City Hall, the Naval Academy, world famous City Dock, several museums, restaurants, shops and other entertainment options. According to the Anne Arundel County Public Schools locator app, nearby schools are Hillsmere Elementary, Annapolis Middle and Annapolis High.
The Community of Oyster Harbor is a covenant community. Please find the links to the community web page below.
Community Rules and Regulations
Lot size – 0.23 acre, more or less, according to public records.
Known as lot 14, Block 8 on “Plat Number 1, Oyster Harbor, Near Arundel-On-The-Bay, 2nd Elec. Dist. A.A. Co. MD” recorded in Plat book 22, page 9.
The lot fronts 50′ on Arundel on the Bay Road, with depths of 200′.
Public sewer service is believed to be in surrounding properties. A well is believed to be required.
A portion of the property is believed to be in a “Zone X” 0.2% annual chance flood hazard, or 500 year, designation on FEMA flood maps.
For more information, please visit:
Planning and Zoning – www.aacounty.org
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $1,981/70, including an Oyster Harbor Special Benefits District charge of $406.89, based on a full value assessment of $150,700.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser. 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 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. The purchaser shall be required to use Calvert Title Company (90 Holiday Drive, Suite C, Solomons, MD 20688; 443.355.4663) to conduct the closing for the transaction.
No Buyer’s Premium!