$10,000 Opening Bid
4116 SHADY LANE
Off Jefferson Pike
Knoxville, Frederick County, MD 21758
Online Bidding Opens
MONDAY, APRIL 4, 2022
Online Bidding Closes
WEDNESDAY, APRIL 6, 2022
AT 12:00 NOON
NOTE: The information contained herein has been obtained froesentation. 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.
The property is located in the town of Petersville in northwestern Frederick County, Maryland, and is within the Knoxville zip code. Knoxville itself is approximately 3 miles east, just past Brunswick. Brunswick features a grocery store, restaurants and retail shopping. The property is conveniently located off Jefferson Pike, providing easy access to Route 340, Route 17 and Route 79, all within 5 miles. According to the Frederick County Public School Systems, the local public schools include Valley Elementary School, Brunswick Middle School and Brunswick High School.
For more information about the area, please visit:
Frederick County Government – frederickcountymd.gov
Frederick County Public Schools – Find Your Feeder Area – www.fcps.org
Lot size – 1.14 acres according to SDAT tax records and a survey of the site. 0.5 acre according to deed and GIS records.
Well and septic are believed to be required on the property
Utilities & Solid Waste Management – frederickcountymd.gov
No adjustment for price will be made for acreage larger or smaller than what can be conveyed by the seller’s right, title and interest in the property. Purchasers are encouraged to contact Frederick County, a surveyor, engineer or contractor to discern further details about the property, including feasibility for construction.
R-1 – Low Density Residential Zoning
For more information, see: Zoning – frederickcountymd.gov
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $1,043.08, based on a full value assessment of $89,000. 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.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, 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 pm sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such reprurchase 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.
No Buyer’s Premium!