"Charles County - Indian Head"

 ONLINE REAL ESTATE AUCTION 

RANCH HOME
ON 0.50 ± ACRE

Known As:
5310 MASON SPRINGS ROAD
Off Hawthorne Road
Indian Head, Charles County, MD 20640

ONLINE BIDDING OPENS:
TUESDAY, SEPTEMBER 20, 2022

ONLINE BIDDING CLOSES:
THURSDAY, SEPTEMBER 22, 2022
AT 12:30 P.M.

– Opening Bid: $30,000 –

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.

LOCATION:
5310 Mason Springs Road is located in the Red Hill neighborhood of Charles County in southern Maryland. The home is located approximately 3 miles away from MD Route 210, Indian Head Highway, a north/south thoroughfare that connects to major highways and surrounding towns. Washington, DC is within 45 minutes, Alexandria, VA is within 30 minutes, and National Harbor, Fort Washington, Waldorf, and La Plata are within 25 minutes. The town of Indian Head is only a short distance away and provides residents with various restaurants, grocery stores, banks, and entertainment venues. Mattawoman State Natural Environmental Area, approximately 2.5 miles away, offers multiple recreational activities such as kayaking, canoeing, and fishing. Major employers in the area include the Charles County government buildings in La Plata and the Indian Head Naval Surface Warfare Center. According to the Charles County Public Schools locator, public schools in the area include Gale-Bailey Elementary, General Smallwood Middle School, and North Point High School.

For more information about the area, please visit:
Charles County, MD – www.charlescountymd.gov
School Locator – www.ccboe.com

SITE:
Lot – 0.50 acre, more or less

Well and septic are believed to be on the property, condition is unknown.

Zoned WCD – Watershed Conservation District

Permitted Uses – ecode360.com/33624126

IMPROVEMENTS:
Ranch home, constructed in 1933, containing 922 square feet of living area, with no basement, according to public tax records. The home is believed to require a full renovation.

TITLE:
In fee simple; sold free and clear of liens. Charles County Deed Book SLH 9038, folio 11.

TAXES:
Published annual real estate taxes are $3,059.12, based on a full value assessment of $105,400.

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 4:00 P.M. on the day of the auction. 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% buyer’s premium will be added to the final bid price.