"Glen Burnie - Silver Sands"

Estate Sale

$75,000 Opening Bid

“Silver Sands”

WATERFRONT
RESIDENTIAL LAND
11.28± Acres ◆ Zoned RLD & R2
Public Utilities Available

Known As
800 NORTH SHORE DRIVE
Off Solley Road
Anne Arundel County, MD 21060

Online Bidding Opens
MONDAY, JUNE 14, 2021

Online Bidding Closes
THURSDAY, JUNE 17, 2021
AT 11:00 A.M.

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.

GENERAL INFORMATION:
The auction includes land owned by the Estate of Sadie M. Castruccio, which per survey dated October 2005 describes the property as 11.28 acres. Said survey plat is recorded among the Plat Records of Anne Arundel County in Plat Book 273, Page 31, Plat No. 14207.

Survey Plat

The selling parties believe that the amount of land to be conveyed is 11.28 acres as per the aforementioned survey, and do not make any claim or representation that the additional tax parcels add any land to the larger lot.

LOCATION:
The property is located in northeastern Anne Arundel County, along the western shore of Long Cove (leads to Stoney Creek), south of Ft. Smallwood Road (MD-173), east of Solley Road and north of Mountain Road (MD-177). The parcel is situated between a new home subdivision, known as Sturbridge Homes at North Shore Landing and existing homes located in Silver Sands. The area is convenient to the Baltimore Beltway (I-695), MD-100 and MD-10, providing good access to employment centers throughout the area. Shopping, dining and community services are nearby. According to the Anne Arundel Public Schools school locator, nearby public schools are Solley Elementary, George Fox Middle and Northeast High.

SITE:
11.28 acres, fronting approximately 1,605′ along the north side of North Shore Drive, approximately 263′ along the western shore of Long Cove, with an average depth of approximately 400′.

The majority of the site is zoned RLD, residential low density, with the balance of approximately one acre zoned R2.

RLD Zoning – Residential Low Density This District is generally intended for low-density rural single-family detached residential development at a subdivision density of 1 dwelling unit per 5 acres. Minimum lot size is 40,000 square feet. Maximum lot coverage by structures is 25%. Maximum height is 45 feet.

R2 Zoning – Residential This District is generally intended for low-density suburban single-family detached residential development at a subdivision density of either 1 dwelling unit per 20,000 square feet (no public sewer) or 2.5 dwellings per acre (with public sewer).

Public water and sewer are in surrounding properties and are believed to be available.

The property is mostly wooded, level at road grade with the rear sloping down on Long Cove.

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

TAXES:
Published annual real estate taxes for the four aforementioned tax bills are $3,973, based on the total full value assessments of $276,100.

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 4:30 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. 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.

Estate of Sadie M. Castruccio