"Manchester"

 REAL ESTATE AUCTION 

– $35,000 Suggested Opening Bid –

3.73± Acre ◆ Wooded
RESIDENTIAL LOT

Sale On Premises
LOT 3, EBBVALE ROAD
Situated at end of Shared Driveway
with 2595 & 2597 Ebbvale Road
Carroll County, MD 21102

TUESDAY, AUGUST 28, 2018
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.

LOCATION:
Lot 3, Ebbvale Road is located west of Maryland Route 30, north of Lineboro Road and south of Bachmans Valley Road. The lot is situated at an extension of the shared driveway with 2595 and 2597 Ebbvale Road. The site is approximately two miles north of Manchester’s Main Street business district. Surrounding properties are farms and single family homes. Nearby public schools are Ebb Valley Elementary, Manchester Valley Middle and North Carroll High, according to the Carroll County public schools web site. Home sales on Ebbvale Road during the past 18 months ranged from $255,000 to $359,900.

SITE:
Wooded lot, 3.7380 acres, approximately 272′ wide by 538′ deep
Well and septic are required
Zoning AG, agricultural – one home site
Existing 10′ shared asphalt driveway leads past 2595 Ebbvale Road to 2597 Ebbvale Road and needs extension to Lot 3

TAX INFORMATION:
Carroll County Tax ID# 029582
Carroll County Tax Map 23, Grid 4, Parcel 643, Lot 3
Published annual real estate taxes are $1,057.79, based on a full value assessment of $88,300. 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:
The property is in fee simple and sold free and clear of liens. Carroll County Deed Book 2226, Page 839. Legal Description – BEING KNOWN AND DESIGNATED as Lot 3, as shown on the Plat of “Tall Oaks,” which Plat is recorded among the Land Records of Carroll County, in Plat Book No. 18, Page 32 and containing 3.7380 acres of land, more or less.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 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, 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