"MD Eastern Shore"

Law Office of Bryan H. Potts
8621 Philadelphia Road
Baltimore, MD 21237

 ESTATE AUCTION 

– MD EASTERN SHORE –

80± ACRE FARM
3 Bedroom Rancher ◆ Outbuildings

Sale On Premises
4930 WILLIAMSBURG
CHURCH ROAD
Hurlock (Williamsburg)
Dorchester County, MD 21643

FRIDAY, JANUARY 11, 2019
AT 12:00 NOON

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:
4930 Williamsburg Church Road is located in the Williamsburg area of Dorchester County, south of Federalsburg, north of Hurlock, about six miles west of the Maryland-Delaware line. The property is situated east of US-50 and the Choptank River, south of MD-318, west of MD-313 and north of MD-392. The surrounding community is rural in character, predominantly comprised of crop, dairy, horse and chicken farms.

SITE:
The property comprises 80.027 acres of land, according to the record plat, and fronts 2,969′ along the north side of Williamsburg Church Road by a depth of 1,253′. Approximately two-thirds of the site is clear and level. The balance, comprising the western portion of the property, is wooded.

Zoning – AC, agricultural conservation

Private well and septic

Electricity

A gravel driveway leads from Williamsburg Church Road to the house and outbuildings.

IMPROVEMENTS:

• One story vinyl siding rancher, built in 1989, containing 1,836 square feet of living area and 1,836 square feet of basement space, according to public tax records. The home is believed to contain a living room, dining room, kitchen, 3 bedrooms and bath; oil forced air heat; central air conditioning.
• Garage for 4 cars
• 2 – Pole Sheds
• Barn

TITLE:
The property is sold free and clear of liens. Dorchester County Deed Liber 246, Folio 617.

TAXES:
Published annual real estate taxes are $2,573 based on a full value assessment of $231,400. 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

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $25,000 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 by 12:00 Noon, Monday, January 14, 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, including agricultural transfer tax, if any, 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.

Purchaser acknowledges that Bartenfelder Farms (the “Tenant”) will continue to farm 4930 Williamsburg Church Road, under a prior agreement, through December 31, 2019, at an annual rental of $14,000, payable as follows:

• $3,000 on April 1, 2019
• $3,000 on July 1, 2019
• $3,000 on October 31, 2019
• $5,000 on December 31, 2019

The irrigation system located on the premises and included in the sale of 4930 Williamsburg Church Road shall continue to be used and maintained by the Tenant through December 31, 2019.

No buyer’s premium.

Auction by order of
Bryan H. Potts, Personal Representative of the Estate of William S. Hamilton