"Cambridge Area - Neck District"

– To The Highest Bidder Over $10,000 –

TRADITIONAL HOME
ON 0.50± ACRE
– Raze or Rehabilitate –

KNOWN AS
895 HUDSON ROAD
Near Hudson Wharf Road
Cambridge, Dorchester County, MD 21613

BIDDING OPENS:
TUESDAY, SEPTEMBER 28, 2021

BIDDING CLOSES:
FRIDAY, OCTOBER 1, 2021 AT 1:00 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:
895 Hudson Road is located in the Neck District of Dorchester County. According to Dorchester County’s Heritage Trail Guide, “Dorchester’s Neck District—where the county’s northwestern-most section juts into the confluence of the Choptank River and the Chesapeake Bay—is named for the narrow peninsulas or “necks” of land separated by creeks. European settlers cleared many of the forests for farming. Later, during the 19th and early 20th centuries, residents turned to boat building and harvesting fish, crabs, and oysters. With its open farm fields, tracts of loblolly pines, and hidden coves, the Neck District is noted for its beauty and seclusion.” Area attractions include historic churches, the Spocott Windmill and Colonial Village, Lewis General Store and an array of water oriented recreational facilities.

The home sits approximately 8 miles west of Cambridge. Major Dorchester County employers include Amick Farms, Cambridge International, Hyatt Regency Chesapeake Bay Golf Resort, Walmart and University of Maryland Shore Medical Center, according to the Maryland Department of Commerce. According to the Dorchester County Public Schools website, nearby schools are Sandy Hill Elementary, Mace’s Lane Middle and Cambridge-South Dorchester High.

For more information about the area, please visit:
Visit Dorchester – visitdorchester.org
Dorchester County Government – dorchestercountymd.com
Dorchester County Public Schools – www.dcps.k12.md.us

SITE:
Lot size – 0.50 acre, more or less, according to public tax records

The lot is mostly level and clear. See legal description, found at Dorchester County Land Records Deed Liber MLB 870, folio 432.

Believed to be serviced by well and septic. See Deed, referenced above, for information regarding joint ownership and maintenance of a deep water well located along the property line.

Zoning: V – Village

For more information about zoning, please visit:
Planning & Zoning – dorchestercountymd.com

IMPROVEMENTS:
Two story traditional home – constructed in 1900 and containing 768 square feet of living area, according to public tax records. The home is believed to be in poor condition, needing full renovation or razing.

TITLE:
The property is in fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $590.42, based on a full value assessment of $47,700.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, October 1, 2021 at 4:30 P.M. 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. A 5% or $3,500 buyer’s premium, whichever is greater, will be added to the final bid price.