"Pasadena - Chelsea Beach"

J. Michael Holloway, Attorney
HOLLOWAY & SULLIVAN, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

To the Highest Bidder Above $50,000

“Chelsea Beach”

0.459± ACRE
RESIDENTIAL LOT
With Dilapidated Home

Sale On Premises
219 MAGOTHY BEACH ROAD
Anne Arundel County, MD 21122

WEDNESDAY, MAY 25, 2022
AT 1:00 P.M.

Pursuant to an Order of the Circuit Court for Anne Arundel County, passed in the Matter of Frank Mattisz, Case No. C-02-FM-21-4370, the undersigned Guardian will sell at Public Auction, on the premises the above-captioned property.

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:
219 Magothy Beach Road is located in central Anne Arundel County, about one mile south of MD-100 at Magothy Bridge Road. Chelsea Beach is an 800 home, water privileged community, located along the Magothy River, according to www.chelseabeach.org. Homes in the neighborhood are single family detached dwellings in various styles and appear well maintained. According to Bright MLS, neighborhood home sales ranged from $229,000 to $710,000, during the past six months, with the majority selling from $320,000 to $425,000. Nearby public schools are Jacobsville Elementary, Chesapeake Bay Middle and Chesapeake High, according to the Anne Arundel County online school locator. The neighborhood is convenient to shopping, dining and community services on Mountain Road (MD-177) and Ritchie Highway (MD-2).

SITE:
Level lot, approximately 100′ x 200′. Plat
Zoning R-2, residential
Private well and septic (condition unknown)

IMPROVEMENTS:
One Story Shingle Bungalow, built in 1956, containing 968 square feet of living area, according to public tax records. The home has asphalt shingle and built-up roofs, a covered porch, wooden double-hung windows and concrete block foundation. The house is believed to contain a living room, dining room, kitchen, two bedrooms and bath. The roof has partially collapsed and interior floors are wet. The house needs significant rehabilitation or to be razed.

TITLE:
The property is in fee simple and is sold free and clear of liens. Anne Arundel County Deed Book 3443, Page 727.

TAXES:
Published annual real estate taxes are $2,908, based on a full value assessment of $249,567. 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 – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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 within 24 hours 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. 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.

Terry K. Sullivan, Guardian of the Property of Frank Mattisz