To the Highest Bidder Above $2,500
– Online Auction Only –
“Chesapeake Ranch Estates”
0.23 ACRE +/-
1013 CHILDRESS TRAIL
Calvert County Tax ID:0501089471
Lusby, MD 20657
MONDAY, FEBRUARY 24, 2020
THURSDAY, FEBRUARY 27, 2020 AT 12:00 P.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.
The parcel is located in the Chesapeake Ranch Estates community in Lusby, Maryland. The community, governed by a home owners association, is located in southern Maryland with close proximity to the Chesapeake Bay. The Chesapeake Ranch Estates community offers many amenities, including a small airfield, camp grounds, clubhouse, private beaches, horseshoe pits and nature trails for residents to enjoy. Within 4 miles of the parcel, the Lusby Commons features restaurants, grocery stores, pharmacies and medical facilities. According to the Calvert County Public School locator, the public schools include Patuxent Elementary School, Mill Creek Middle School and Patuxent High School.
For more information about the area, please visit:
Property Owners Association Chesapeake Ranch Estates – poacre.communitysite.com
Calvert County Government – www.calvertcountymd.gov
Lusby – www.visitmaryland.org
Calvert County Public Schools – www.calvertnet.k12.md.us
The community of Chesapeake Ranch Estates is subject to homeowner’s association fees. Included in the fees are access to the community beaches, clubhouse, camp grounds, etc. Yearly home owner’s association fees are $489.39. Resale Documents
Lot – 0.23 acre, more or less. No adjustment for price will be made for acreage more or less than stated herein.
Public water service is believed to be available. Private septic is believed to be needed.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $810, based on a full value assessment of $38,200. 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.
Please see the contract of sale for complete terms.
A $2,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Thursday, February 27, 2020 at 12:00 Noon (the bid closing). 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, and 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 and By-Laws of the Chesapeake Ranch Estates, Inc., Homeowners Association. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of rescission under the Maryland Homeowners Association Act, having received and reviewed the HOA resale package prior to the signing of the contract of sale. 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.
Sale by the Order of
The Estate of Nellie W. Doering