Bidding Starts at $20,000 Per Lot
7 – RESIDENTIAL LOTS
1.25 to 2.35 Acre Homesites
Located Near the Choptank River
To Be Offered Individually & As An Entirety
Lots 2, 4, 5, 9-12, Wrights Rest Road
WRIGHTS WHARF ESTATES
Hurlock, Dorchester County, MD 21643
Online Bidding Opens
FRIDAY, AUGUST 13, 2021
Online Bidding Closes
WEDNESDAY, AUGUST 18, 2021
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.
Wrights Wharf Estates is a thirteen lot new home subdivision, located just east of the Choptank River. The neighborhood is northeast of Cambridge, south of Preston and north of East New Market. The surrounding area is a mixture of maritime and agricultural land uses, mixed with low density residential development. A marina is nearby. Located less than two hours from Washington and Baltimore, Wrights Wharf Estates is quiet and scenic, yet convenient to all Eastern Shore attractions. The area is less than one hour to the beach or bay, within a short drive of Easton, Cambridge and Salisbury.
Wrights Rest Road, a county-maintained roadway, located off Wrights Wharf Road and Hunting Creek Road, is bounded by thirteen single-family homesites. The topography is level. Each lot has rural views. Private well and septic are required. The seven lots to be offered:
Lot 2 1.379 acres
Lot 4 2.345 acres
Lot 5 2.130 acres
Lot 9 1.011 acres
Lot 10 1.162 acres
Lot 11 1.248 acres
Lot 12 1.646 acres
Published annual property taxes range from $389 to $425 per lot.
The lots are in fee simple and sold free and clear of liens.
MANNER OF SALE:
Each lot will be offered individually and the bids reserved. Then all seven lots will be offered as an entirety and sold in the manner producing the greater amount.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit on each lot ($21,000 if sold as an entirety) or 10% of the purchase price, whichever is higher, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction 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, WHERE IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, including the Declaration, Covenants, Restrictions and Bylaws of Wrights Wharf Estates. Purchaser waives any right of rescission under the Maryland Homeowners Act, having received and reviewed the applicable documents in advance of the auction. 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. A 5% buyer’s premium will be added to the final bid price.