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A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. A 5% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the
ABSOLUTE AUCTION TO THE
HIGHEST BIDDER ABOVE $1,500
0.057 ± ACRE
636 CYRIL AVENUE
Anne Arundel County Tax ID: 338826250102
Near E. Shore Road
Pasadena, Maryland, 21122
WEDNESDAY, OCTOBER 5, 2022
FRIDAY, OCTOBER 7, 2022 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.
636 Cyril Avenue is located in the Green Haven neighborhood in the town of Pasadena in northern Anne Arundel County. The property is located a short distance from Fort Smallwood Road, which features a variety of restaurants, retail shopping and neighborhood services. Riviera Beach, approximately 3 miles away, is a water access community featuring a recreational area, boat ramp, dock and waterfront walking paths. MD -100, Fort Smallwood Road and Governor Ritchie Highway offer access throughout the area. Major employers nearby include those surrounding the BWI Commercial Corridor and Port facilities along the Patapsco River. According to the Anne Arundel County school locator map, nearby schools are High Point Elementary School, Northeast Middle School and Northeast High School.
Lot size – 0.057 acre, more or less, according to public tax records
Private well and septic are believed to be required
The lot is believed to be wooded
Zoning R-5 Residential
The property is in fee simple; and sold free and clear of liens.
Published annual real estate taxes are $44.94, based on a full value assessment of $4,300.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 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” 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. A 5% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price. Purchaser to use Progressive Title (1460 Ritchie Hwy., Suite 212, Arnold, MD 21012; 410-974-0670) for closing.