"MD Eastern Shore"

REAL ESTATE AUCTION
-Online Auction Only-

CHESTER RIVER
WATERFRONT LOT
0.77 Acre± ✦ 121’± On River

Known As:
Tax Map 31, Grid 2F, Parcel 131
Kent County Tax ID: 01-010336

Situated On
RIVER PARK ROAD
a/k/a Park Road
Adjacent to 31831 River Park Road
“MILLINGTON”
Kent County, MD 21651

BIDDING OPENS:
FRIDAY, OCTOBER 25, 2019
AT 12:00 A.M.

BIDDING CLOSES:
FRIDAY, NOVEMBER 1, 2019
AT 10:00 A.M.

– Suggested Starting Bid: $10,000 –

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:
The parcel is located along the Chester River in the Millington area of Maryland’s upper Eastern Shore. The Millington town center is a little over one mile to the east. Proximity to US-301 (Blue Star Memorial Highway) is good, providing excellent access to employment centers and amenities throughout the area. Nearby properties are predominantly single family homes, many of which also feature frontage along the water. The Chester River is a sizable body of water comprising an extensive watershed running from Millington down to the Chester River Sanctuary and out to the Chesapeake Bay. The river itself, as well as its tributaries, provides substantial fishing and recreational opportunities, in addition to its aesthetic appeal.

For more information about the area, please visit:
https://millingtonmd.us/
https://www.kentcounty.com/
https://www.visitmaryland.org/places-to-go/eastern-shore

SITE:
Lot comprises 0.771 acre of land, fronting approximately 121′ along the north shore of the Chester River, approximately 263′ along an inlet, by a depth of approximately 558.05′ and road frontage of 50′. See: Plat

A 25′ right-of-way bounds the west side of the property, providing river access.  The lot is mostly wooded.

Please see NOAA Nautical Chart nos. 12272 and 12273 for depth information

The property is within the Kent County Town of Millington public water and sewerage area. See figures 3-5 (page 67) and 4-5 (page 96) from the following link:
https://www.kentcounty.com/images/pdf/water/Adopted_W&S_Plan_2012.pdf

Zoned – Critical Area Residential
For more information about Kent County Zoning, please visit:
https://www.kentcounty.com/planning

Zoning Map:

FEMA Flood Map

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $846, based on a full value assessment of $74,600. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE:
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, by Monday, November 4, 2019 at 10:00 A.M. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 30 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.

10% Buyer’s Premium, subject to $1,000 minimum fee