Nusinov Smith LLP
6225 Smith Avenue – Suite 200
Baltimore, MD 21209
$10,000 Suggested Opening Bid
ONE STORY HOME
ON 1.0± ACRE LOT
Sale On Premises
8833 IRONSHIRE STATION ROAD
– FRONTING ON FOREMAN ROAD –
Worcester County, MD 21811
FRIDAY, AUGUST 3, 2018
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.
8833 Ironshire Station Road is located about five minutes southwest of downtown Berlin, off US Route 113. From US-13, follow Ironshire Station Road west to Foreman Road, turn north to property on left side. The home faces Foreman Road. The surrounding area is rural in character. Berlin is about six miles west of Ocean City, MD.
Wooded lot, 160′ x 270′, comprising approximately 1.0 acre of land
Access is from Foreman Road. The lot does not front on Ironshire Station Road.
Zoning A-1, agricultural
Private well and septic
The lot is wooded.
One story aluminum siding home, built in 1967 and containing 760 square feet of living area, according to public tax records. The home contains a living room, kitchen, 2 bedrooms and bath.
The property is in fee simple and sold free and clear of liens. Worcester County Deed Liber 205, Page 60.
Published annual real estate taxes are $1,003, based on a full value assessment of $105,933. 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:
A $3,000 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 6, 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. 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.
Auction by order of:
K. Alice Young, Personal Representative
of the Estate of William E. Foreman