REAL ESTATE AUCTION
– Waterfront Community –
Sale On Premises
1407 BAYSIDE DRIVE
Off Ramsey Drive
Anne Arundel County, MD 21037
FRIDAY, FEBRUARY 23, 2018
AT 1:30 P.M.
– Suggested Opening Bid: $10,000 –
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.
1407 Bayside Drive is located in the Shoreham Beach neighborhood in the Edgewater area of Anne Arundel County. Shoreham Beach is situated on a peninsula bound by Ramsay Lake and South River. The water access community features sandy beaches, a boat ramp and community pier. The subdivision was developed in the mid 1930’s, with most neighborhood homes having been constructed in the 1940’s and 50’s. Architectural styles vary, with many of the original homes having been significantly expanded or replaced with new construction.
For more information about the area, please visit:
Level lot comprising 4,000 square feet, or 0.092 acre, more or less, according to public tax records
Known as lots 8 and 9, Block 12, on the plat of “Shoreham Beach, Section B,” plat Liber 10, folio 37
Known as Anne Arundel County Tax ID: 174900362312
Public sewer is believed to be in the neighborhood. Public water service is not believed to be in the neighborhood.
Zoned R5, Residential
For more information, please see:
Anne Arundel County Zoning Viewer
In fee simple; and sold free and clear of liens.
Published annual real estate taxes are $754.28 based on a full value assessment of $145,000.
A $2,500 deposit, payable by certified check or 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 12:00 PM, Monday, February 26 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. 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!