Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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ONLINE REAL ESTATE AUCTION
To The Highest Bidder Over $400,000
ONE STORY
CONTEMPORARY HOME
On 1.25± Acres – Indoor Pool
Known As:
101 WINDWARD COURT
Corner Penny Drive
Stevensville, Queen Anne’s County, MD 21666
BIDDING OPEN:
FRIDAY, APRIL 10, 2020
BIDDING CLOSE:
WEDNESDAY, APRIL 15, 2020 AT 2:00 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:
101 Windward Court is located in The Cove Crearraek Club community on Kent Island, a short distance south of Ramancoke. The Cove Creek Club is a gated, water access community with golf course. The community has frontage along Cove Creek, Tanner’s Creek and the Chesapeake Bay, providing an excellent environment to accompany the beach, marina, boat ramp and boat storage. In addition to the golf course, the community provides an array of recreation and other amenities, including a well appointed clubhouse, tennis courts, bocce, croquet, exercise facilities and security. The surrounding area is well-known for water sports and outdoor recreation, with a variety of nearby options for boat charters, fishing, hunting, hiking and golf.
The home is about 9 miles south of US-50, providing convenient access to Annapolis, Washington, DC, Baltimore (via I-97) and Philadelphia (via US 301). The home’s location and amenities make an attractive offering to those looking for a second home, or those who would choose to play where they live.
For more information about the area, please visit:
The Cove Creek Club – www.covecreekclub.com
Maryland Office of Tourism – www.visitmaryland.org
Queen Anne’s County, MD – www.qac.org
THE COVE CREEK CLUB:
The community comprises roughly 334 acres containing around 100 homes. The 18 hole USGA rated golf course lines the interior of the neighborhood, with the beach, club house and marina near the northern entry. A rip rap bulkhead binds the eastern bayfront boundary of the neighborhood. The marina is within a protected pond, and features boat slips with water and electric (boats up to 40′), gas pump, boat launch and yard space.
Full community information can be found on the neighborhood’s website.
HOA dues are $1,430 quarterly. Capital Contribution of $8,580. Please see resale package for details.
SITE:
Corner lot comprising 1.25 acres, more or less – plat
Asphalt driveway and parking area
Flat yard space, mature trees, tidy hedgerows and additional landscaping
Gently sloping front (waterside) yard, with patio and outdoor dining area
Private well and private septic
According to the FEMA Flood Map Service Center, the property is located in a Zone X area of minimal flood hazard.
NOAA chart number 12270 – www.charts.noaa.govwww.charts.noaa.gov
FEMA Flood Map Service Center – msc.fema.govmsc.fema.gov
IMPROVEMENTS:
Single story contemporary home with attached garage and indoor pool – the home was constructed in 1985, containing 2,042 square feet of living area plus the pool enclosure, according to public tax records. The three bedroom and three bathroom home was substantially updated in 2017, and features a finely appointed kitchen with large breakfast bar, vaulted ceilings, covered front entry, updated flooring and lighting fixtures throughout.
INTERIOR:
EXTERIOR / MECHANICAL:
TITLE:
The property is in fee simple and sold free and clear of liens.
TAXES:
Published annual real estate taxes are $3,840.77, based on a full value assessment of $394,200.
SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $40,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Wednesday, April 15, 2020 at 2:00 P.M. (the bid closing).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 8% per annum, from date of contract to date of settlement. All adjustments, including taxes, homeowner association fees, 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, and subject to the Declaration, By-Laws, Rules and Regulations of The Cove Creek Club. 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, including agricultural transfer tax, if any, 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!
