Starting Bid: $15,000
– 0.115± Acre –
414 KYLE ROAD
Crownsville, Anne Arundel County, MD 21032
Online Bidding Opens
MONDAY, JULY 11, 2022
Online Bidding Closes
TUESDAY, JULY 12, 2022
AT 12:00 NOON
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.
414 Kyle Road is located in the Herald Harbor community in Anne Arundel County a short distance west of the Severn River. The community has a long history dating back to the 1800s, and being more formally developed in the 1920s. Neighborhood homes have a mix of architecture and age. Herald Harbor is a water access community with a boat ramp, beach, playground and additional recreational facilities. A number of marinas, waterfront restaurants and marine businesses are also in close proximity.
The property is located roughly 2.5 miles from the on-ramp to I-97, and is approximately 5 miles north of Annapolis and south of the MD-32 and Crain Highway junction. The location affords excellent convenience for those working in Annapolis, Washington D.C., Baltimore or the BWI commercial corridor. According to the Anne Arundel County Public Schools website, nearby schools are South Shore Elementary, Old Mill Middle and High.
For more information about the area, please visit:
Anne Arundel County, MD – www.aacounty.org
Herald Harbor – https://www.heraldharborcommunity.com/
Lot size – 0.115 acre, more or less, according to public records.
Known as lot numbers 64 and 65, Block 36, Section E, Herald Harbor. Believed to be 50′ wide with depths of 100′.
Public water and community septic service are believed to be in nearby properties.
For more information, please visit:
Planning and Zoning – www.aacounty.org
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $501.60, based on a full value assessment of $48,000.
Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process – dat.maryland.gov.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 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. 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 purchaser shall be required to use Calvert Title Company (90 Holiday Drive, Suite C, Solomons, MD 20688; 443.355.4663) to conduct the closing for the transaction.
No Buyer’s Premium!