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Cornelius J. Carmody, Attorney
P.O. Box 302, Monkton, MD 21111
To Settle An Estate
$250,000 Opening Bid
3 Bedrooms ◆ 2 Baths ◆ Garage
Situated on 2.93± Acres
Fronting 204′ on Todds Bay
1132 HUDSON ROAD
Cambridge, Dorchester County, MD 21613
Online Bidding Opens:
FRIDAY, FEBRUARY 19, 2021
Online Bidding Closes:
MONDAY, FEBRUARY 22, 2021
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.
1132 Hudson Road is situated approximately 12 miles west of Downtown Cambridge and Route 50, along the south side of Todds Bay, which leads to the Choptank River. The surrounding area is picturesque and rural. The property is located on a shared private roadway, leading from Hudson Road (MD-343). The home is close to maritime and historic Eastern Shore attractions, in a quiet, private setting.
The auction provides an ideal opportunity to purchase a well maintained existing home, which needs some updates, or redevelop the site for a larger residence.
204.46′ along Todds Bay leading to Choptank River
Gravel driveway 10+ car parking leads to two-car garage
Private well and septic
Water depth 2′ MLW – see NOAA Tide Chart
One Story Brick Rancher, built in 1980, containing 1,709 square feet of living area and 696 square feet of garage space, according to public tax records.
All brick facade, asphalt shingle roof, aluminum rainspouts, vinyl-clad double-hung windows, two- car attached garage with electric overhead door.
Mechanical – electric heat pump and central air conditioning, electric water heater, circuit breakers
The property is in fee simple and sold free and clear of liens. Dorchester County Deed Book PLC 162, Page 369.
Published annual real estate taxes are $3,747, based on a full value assessment of $377,000. 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.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire payment, will be required of the purchaser by 4:30 p.m on the day of sale 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.
Auction by order of the Personal Representative of the Estate of Alfred J. Wilson