Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202
$150,000 Opening Bid
3-4 BEDROOM RANCHER
2.5 Baths ◆ Large Garage
Sale On Premises
26211 REWASTICO ROAD
Hebron, 6 Miles NW of Salisbury
Wicomico County, MD 21830
FRIDAY, APRIL 22, 2022
AT 12:00 P.M.
Pursuant to an Order of the Circuit Court for Wicomico County, passed in the matter of Carol Lynn, Case No. C-22-FM-19-001137, the undersigned Guardian of the Property, et al., will sell the above-captioned property at Public Auction.
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.
26211 Rewastico Road is situated off MD-337, approximately 1.5 miles west of US-50 and about 6 miles northwest of Salisbury. The surrounding area is rural in character, yet convenient to surrounding towns. Nanticoke River Wildlife Management area is about 4 miles west of the property. Hebron is less than 20 minutes from Cambridge and about one hour from Ocean City. The immediate neighborhood is comprised of single family homes on large lots and farms. Nearby public schools are Westside Primary, Westside Intermediate and Mardella Middle/High, according to the Wicomico Public Schools website.
Level lot, trapezoidal in shape, approximately 125′ x 225′, comprising 26,759 square feet or 0.6143 acre of land. The lot is clear and bounded by large trees. Plat
Zoning AR – Agricultural Residential
Private well and septic
Concrete driveway, for six or more cars, leading to Two-Car Detached Garage
One Story Ranch Home, built in 1989, containing 2,272 square feet of living area, plus 576 square foot detached garage, according to public tax records.
Exterior – vinyl siding, composition shingle roof (new 2015), concrete block crawl space foundation, double-hung windows
Gas forced air heat and central air conditioning (not functioning), propane tankless water heater (circa 2015), water treatment system, tile floors, carpeting in bedrooms, ceiling fans throughout, attic with pull down stairs
Personal property may remain in the premises. The house needs cleaning.
The property is in fee simple and sold free and clear of liens. Wicomico County Deed Book MSB 3243, Page 408.
Published annual real estate taxes are $1,757, based on a full value assessment of $175,833.
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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $20,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price by 12:00 Noon on Monday, April 25 at the Auctioneer’s office (a personal check for the additional deposit will be accepted at the auction or wire transfer instructions will be provided). 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.
Terry K. Sullivan, Guardian of the Property of Carol Lynn