"Eastport"

REAL ESTATE AUCTION

TRADITIONAL HOME
On 0.24± Acre Corner Lot

Sale on Premises:
1100 BAY RIDGE AVENUE
Annapolis, Anne Arundel County, MD 21403

FRIDAY, SEPTEMBER 15, 2017
AT 11:00 A.M.

– Suggested Opening Bid: $150,000 –

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:
Eastport is an historic waterfront community, bound by the Severn River, Spa Creek and Back Creek, all feeding out to the Chesapeake Bay. The Eastport peninsula is well known world-wide as a hub of the sailing and boating worlds, fostering numerous maritime businesses and organizations. The neighborhood features historic sites, well maintained homes, tidy gardens, a well developed community feel along with the convenience of dining, shopping and entertainment all within a short distance.

For more information about the area, please visit:
http://www.aacounty.org/
https://www.aacps.org/
http://www.visitannapolis.org/discover/interests/eastport
and
https://www.annapolis.com/historic-eastport-annapolis-md/

SITE:
Rectangular lot: 80′ x 132′, or 0.24 acre, more or less

The lot is flat, fully fenced with mature landscaping

Brick driveway for 1-2 vehicles (off Monroe Street)

Rear deck with hot tub and privacy fence

Dog run

Zoned R2 – Single Family Residential – 8 units/acre
For more information about Annapolis zoning, please visit:
https://library.municode.com/md/annapolis/codes/code_of_ordinances?nodeId=TIT21PLZO

Annapolis Zoning Map:
https://www.annapolis.gov/DocumentCenter/View/1089

IMPROVEMENTS:
Single story traditional home with walk-up attic – the home was constructed 1939 and contains 1,720 square feet of living area, according to public tax records.

Exterior
Aluminum siding
Asphalt shingle roof
Wood, double-hung windows
Aluminum downspouts and rain gutters

Interior
Entry foyer – wood floor, coat closet
Living room – wood floor, fireplace with stone mantle
Sun porch – wood floor
Dining room – wood floor
Galley kitchen – laminate floor, wall oven, gas range, refrigerator/freezer
Enclosed rear patio
Bedroom/Den – wood floor, no closet
Bedroom – wood floor
Full hall bath – laminate floor, shower/tub
Utility room – arranged for kitchenette & laundry area, concrete floor and paneling

Mechanical
Gas boiler
Gas water heater

TAXES:
Published annual real estate taxes are $3,413.57, based on a full value tax assessment of $319,000. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The parcel is in fee simple and sold free and clear of liens.

TERMS OF SALE:
A $15,000 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 by 11:00 A.M., Monday, September 18, at the Auctioneer’s office. 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. The Purchaser agrees to waive their right of inspection for lead paint, as provided under current Federal and State law. Purchaser assumes the risk of loss from the date of contract forward. 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, including but not limited to the environmental condition thereof. 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!