"Millersville"

Estate Sale

$300,000 Opening Bid

INCOME PRODUCING
RESIDENTIAL PROPERTY
5 Rental Houses ◆ Office/Apartment Building
Situated on 6.07± Acres

Known As
1107-1141 DICUS MILL ROAD
Off Najoles Road and Benfield Boulevard
Anne Arundel County, MD 21108

Online Bidding Opens
MONDAY, JUNE 14, 2021

Online Bidding Closes
THURSDAY, JUNE 17, 2021
AT 11:15 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.

LOCATION:
1107-1141 Dicus Mill Road is located in central Anne Arundel County, near Severn Run Natural Environmental Area. The site is just west of I-97 Exit 10 – Benfield Boulevard becomes Najoles Road which becomes Dicus Mill Road. The site is situated between Severna Park and Gambrills, in an area appearing rural, with close proximity to employment centers shopping, dining and public services. According to the Anne Arundel County government web site, nearby schools are Millersville Elementary, Old Mill Middle South and Old Mill High.

SITE:
6.07 acre parcel is accessed by a 50′ recorded right-of-way from Dicus Mill Road. The property is mostly clear and level to rolling in topography.

Zoning RLD – Residential Low Density. This District is generally intended for low-density rural single-family detached residential development at a subdivision density of 1 dwelling unit per 5 acres. Minimum lot size is 40,000 square feet. Maximum lot coverage by structures is 25%. Maximum height is 45 feet.

5 septic systems

2 wells – each serve 3 buildings

Gravel driveway and large parking area

IMPROVEMENTS:
The property is comprised of six buildings and a storage trailer. Most are occupied and rented. There are no leases, everyone is month-to-month.

1107 Dicus Mill Road – two story brick office and apartment building. First floor office comprises 4 paneled and carpeted rooms, 1.5 baths and brick fireplace. Basement level has 3 large rooms, full bathroom, brick fireplace and is at grade in the rear. Second floor apartment is currently rented for $800/month.

1107A Dicus Mill Road – brick rancher, situated behind 1107, currently vacant.

1139 Dicus Mill Road – brick and siding rancher with attached garage, currently rented for $1,300/month.

1141 Dicus Mill Road – two story brick and siding home, currently rented for $1,450/month.

1141A Dicus Mill Road – two story brick and siding home, currently rented for $700/month.

1141B Dicus Mill Road – two story stucco and siding home. Occupant is the caretaker and pays no rent.

Homes have composition shingle roofs and vinyl clad windows. There are five BGE meters – office and apartment have separate meters. Most heating is electric.

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 2008, Page 529. Right-of-way recorded at Book WGL 2878, Page 453. Right-of-way Drawing & Document

TAXES:
Published annual real estate taxes are $7,873, based on a full value assessment of $724,200. The property is comprised of two tax parcels, as shown on Anne Arundel County Tax Map 30, Parcels 41 and 558. Parcel 558 is the right of way and is not taxed, other than an annual $298 refuse fee.

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 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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, will be transferred at settlement. The property will be sold in “AS IS” condition, and subject to the rights of the existing tenants, easements, agreements, restrictions or covenants of record affecting same, if any. The property is sold subject to existing zoning without express or implied warranty as to its permitted use. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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.

Estate of Sadie M. Castruccio