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REAL ESTATE AUCTION
– On 0.19± Acre –
Sale on Premises
122 KIDWELL AVENUE
A/K/A 122-124 Kidwell Avenue
Near Pennsylvania Avenue
Queen Anne’s County, MD 21617
THURSDAY, JANUARY 23, 2020
AT 1:30 P.M.
– Suggested Opening Bid: $35,000 –
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.
122 Kidwell Avenue is located in the Town of Centreville, the county seat of Queen Anne’s County on Maryland’s Eastern Shore. Centreville is an historic town with roots back to the Colonial era. The community’s proximity to a number of tributaries of the Chesapeake Bay has always provided a water oriented character, and the Town itself maintains a wharf and waterfront area on the banks of the Corsica River, providing a boardwalk, fishing platforms, slips and kayak launch. The Town also features parks, restaurants, shops, other retail businesses and government services. The property, which is known by the mailing addresses of 122 and 124 Kidwell Avenue, is only about two blocks from the center of town.
US-301 is about 2.5 miles south, providing access to the Bay Bridge, and points north and east along the upper eastern shore to Wilmington, DE. US-50 and Maryland 404 are approximately 7 and 8 miles away, respectively, providing access to points south and east along the lower eastern shore through Easton, Cambridge, Denton and over to the beach communities. According to the Queen Anne’s County school locator map, nearby schools are Centreville Elementary, Kennard Elementary, Centreville Middle and Queen Anne’s County High.
Lot size: 8,660 square feet, or 0.194 acre, more or less
Approximately 47’2.5″ front on Kidwell Avenue, 180′ deep and 46’11.5″ rear
All public utilities (billed as duplex)
Zoned R-2 Residential (Town of Centreville) – Please see Town of Centreville zoning code for permissible uses.
Two and one-half story side-by-side duplex – constructed in 1891 and containing 2,944 square feet of living area, according to public tax records. The property is known by mailing addresses 122 and 124 Kidwell Avenue. Features include wood shingle exterior, separate exterior entrances and two electric meters.
Each unit is arranged as follows:
Published annual real estate taxes are $3,920.43 (including Town of Centreville, Queen Anne’s County and State of Maryland), based on a full value assessment of $287,400.
In fee simple; sold free and clear of liens.
Please refer to the contract of sale for complete terms and conditions. A $5,000 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 within 24 hours 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, 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. Purchaser waives the right of inspection for lead paint, as provided under current Federal and State law. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property. 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. Time is of the essence.
No buyer’s premium.