"Annapolis - The Community of Oyster Harbor"

ONLINE REAL ESTATE AUCTION
To The Highest Bidder Above $10,000

RESIDENTIAL
DEVELOPMENT PARCEL
-0.259 ± Acre-

KNOWN AS:
1217 CROSS ROAD
Anne Arundel County, MD 21403
Off Arundel on the Bay Road

BIDDING OPEN:
FRIDAY, FEBRUARY 28, 2020

BIDDING CLOSE:
TUESDAY, MARCH 3, 2020 AT 12:00 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:
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 home to the Government House, the home of the Governor, Annapolis City Hall, several museums, restaurants, shops and other entertainment options.

The Community of Oyster Harbor is a covenant community. Please find the links to the community web page below.
Community Rules and Regulations

For more information about the area, please visit:
Locate Your School – www.aacps.org
Oyster Harbor – www.oysterharbor.org
Annapolis, MD Goverment – www.annapolis.gov

SITE:
Lot – 0.259 acre, more or less, according to public tax records.

Plat

Sewer is believed to be on the property. Water is believed to be required.

Anne Arundel County Water Master Plan 2017

Anne Arundel County Sewer Master Plan 2017

The property may be in a FEMA designated flood category. For more information, please visit: FEMA Flood Map Service Center: Search By Address

ZONING:
R-2 Residential Zoning intended for low-density suburban single-family detached homes. Some restrictions on dwelling permits. For more information, please see link below.
Anne Arundel County Zoning Classifications Guide

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

TAXES:
Published annual real estate taxes are $2,334, including $478.62 Oyster Harbor Special Tax, based on a full value assessment of $177,267. 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.

The Community of Oyster Harbor is a special tax district. For more information, please see: Special Taxing District Guidelines.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Tuesday, March 3, 2020 at 12:00 Noon (the bid closing). 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, homeowner association fees and 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 the Declaration and By-Laws of The Community of Oyster Harbor Homeowners Association, easements, agreements, restrictions or covenants of record affecting same, if any. The purchaser agrees to waive the right of rescission under the Maryland Homeowners Association Act, having received and reviewed the HOA resale package prior to the signing of the contract of sale. 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.

No buyer’s premium.