"Linganore - Bartonsville - The Meadows"

0.26± ACRE
RESIDENTIAL LOT

Known As:
7150 MASTERS ROAD
New Market, Frederick County, MD 21774

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:
7150 Masters Road is located in The Meadows subdivision in the Linganore-Bartonsville area of Frederick County. New Market is a short distance to the south and the City of Frederick a short distance to the west. Proximity to the City of Frederick and I-70 provides access to employment and entertainment centers in the area. The surrounding location is a mix of farms, wooded tracts and well established subdivisions. According to the Frederick County Schools feeder/boundary application, nearby schools are Deer Crossing Elementary, Oakdale Middle and Oakdale High.

The Meadows is one of the “Villages” within the Lake Linganore at Eaglehead Association. The Association comprises a number of neighborhoods surrounding Lake Linganore, Lake Merle, Lake Anita Louise and Lake Marian. Lake Merle is the most proximate to The Meadows. The Association features a number of amenities, including the lakes themselves, beaches, trails, recreational fields, dog park, disc golf course, private event facilities and more.

For more information about the area, please visit:
https://frederickcountymd.gov/
https://www.lakelinganore.org/

SITE:
Partially wooded lot comprising 0.264 acre, more or less

Known as lot 173 on Eaglehead, The Meadows, Section 3, Plat 4 recorded at Frederick County Plat book 48, page 119

Zoned PUD – Planned Unit Development

HOMEOWNERS ASSOCIATION:
The Meadows is part of the Lake Linganore at Eaglehead Association. The FY20 annual assessment for buildable lots is $600.00. The FY20 annual assessment for a single family home in the Meadows Village is $1,461.64. The property is also subject to a Community Improvement Fee of $1,000. HOA Resale Package. 

https://www.lakelinganore.org/

TAXES:
Current annual real estate taxes are $1,389.91 based on a full value assessment of $70,700. 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:
In fee simple; sold free and clear of liens.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 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 within 24 hours 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, homeowner association fees, 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, and subject to the Declaration, By-Laws, Rules and Regulations of the Lake Linganore Association at Eaglehead.  Purchaser assumes the risk of loss from the date of contract forward. The Purchaser agrees to waive the right of rescission under Maryland Homeowner Association Law, having received and reviewed the Resale Package. 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