REAL ESTATE AUCTION
One and One-Half Story
– On 3.18 Acres –
Sale On Premises
472 AVON COURT
Anne Arundel County, MD 20758
FRIDAY, NOVEMBER 17, 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.
The home is located in the Friendship area in southern Anne Arundel County. Friendship is situated between the Patuxent River and Chesapeake Bay, about 25 miles south of Annapolis. Washington, DC is approximately 30 miles west. MD-4 (Southern Maryland Boulevard) and MD-2 (Solomon’s Island Road) are both within a short distance. The area is rural in nature, with large tracts of woods, farms and small subdivisions throughout the area. According to the aacounty.org General Services Viewer, nearby schools are Tracy’s Elementary, Southern Middle and High.
For more information about the area, please visit:
Irregularly shaped lot – 3.18 acres, more or less
The lot is mostly wooded and gently sloping down from southeast to northwest. A small stream is at the western boundary of the property.
Well & Septic
Zoned RA – Rural Agricultural
For more information about Anne Arundel County zoning, please visit:
One and one-half story contemporary home – constructed in 1985 and containing 1,990 square feet of living area and 1,352 square feet of unfinished basement space, according to public tax records. The home is gutted and framed, and is arranged as follows:
The property is in need of a full renovation.
Current annual real estate taxes are $4,103.00 based on a full value assessment of $373,400. 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:
In fee simple; and will be sold free and clear of liens.
A $10,000 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 11:00 A.M., Monday, November 20, 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, ground rent, 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!