ONLINE REAL ESTATE AUCTION
Water Views of Lake Moffat
Each Lot Will Be Sold Separately
Online Bidding Opens
FRIDAY, JULY 2, 2021
Online Bidding Closes
WEDNESDAY, JULY 7, 2021
AT 11:00 A.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.
Two residential lots situated in the Chesapeake Beach area of Calvert County, in southern Maryland, near the western shore of Chesapeake Bay. The surrounding area is a mixture of residential and maritime land uses. The area is convenient to Annapolis, Patuxent Naval Air Station, Leonardtown and Lexington Park. Nearby public schools are believed to be Plum Point Elementary, Windy Hill Middle and Huntingtown High.
3579 COX ROAD
Situated on Elm Lane
Calvert County, MD 20732
– $10,000 Opening Bid –
Lot comprises 19,194 square feet or 0.441 acre, fronting on Elm Lane, off Chesapeake Beach Road (MD-260). Zoning Residential, Medium Density.
The property is sold free and clear of liens and is known as Lots 27-31, Block C, West Chesapeake Beach, as per Deed recorded among the Land Records of Calvert County in Book 228, Page 791, saving and excepting the property described in the Deed recorded in Book 1274, Page 33. Also shown as Lots 27-31, Block C, Tax Map 101, Tax ID #0503080862.
Published annual real property taxes are $496.
SUMMARY TERMS OF SALE
Please see the contract of sale for complete terms.
A 10% deposit on each lot, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction, 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. No adjustment will be made for variance in lot size as described in any marketing materials. 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. The owner of the property is a licensed Maryland Real Estate Agent.
No buyer’s premium.