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Featuring Live & Online Simulcast Bidding
– $125,000 Opening Bid –
0.22± Acre – Needs Renovation
8489 ARBUTUS ROAD
Corner Riviera Drive
Pasadena, Anne Arundel County, MD 21122
Online Bidding Opens
TUESDAY, MARCH 8, 2022
Live Onsite Auction
THURSDAY, MARCH 10, 2022
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.
8489 Arbutus Road is located in the Riviera Beach community in the Pasadena area of northern Anne Arundel County. Riviera Beach is a water access community featuring a recreational area, boat ramp, dock and waterfront walking paths. The community’s history goes back more than 160 years, with development of the neighborhood itself commencing in the 1920’s. There are more than 1,000 neighborhood homes, according to public records, with a broad variety of ages, styles and sizes. Abutting Cox’s Creek, Rock Creek, Stoney Creek and the Patapsco River, the community affords an array of water oriented recreation in close proximity, in addition to the amenities within the neighborhood itself.
The property is located a short distance from Fort Smallwood Road, which features a variety of restaurants, retail shopping and neighborhood services. I-695 is approximately 4 miles north, and MD-100, Fort Smallwood Road and Mountain Road (MD-177) provide additional 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 Public Schools locator, the area public schools are Riviera Beach Elementary School, George Fox Middle School and Northeast High School.
For more information about the area, please visit:
Riviera Beach, MD Community – www.facebook.com
Riviera Beach Residents Council – rbia.communitysite.com
Anne Arundel County – www.aacounty.org
Lot size – 0.225 acre, more or less, according to public tax records
Driveway for 2-3 vehicles.
All public utilities
Zoned R-5 Residential
One and one-half story bungalow – constructed in 1955, containing 1,479 square feet of living area above grade and 986 square feet of partially finished basement space. The home has a stone and stucco facade, screened porch and is otherwise arranged as follows:
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $3,497.54, based on a full value assessment of $282,700.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $15,000 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.
Online Auction Bidders – a 10% deposit, 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, ground rent and 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 waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Property being sold pursuant to partnership disillusion, with individual partners retaining the right to bid on their own behalf. A 5% buyer’s premium will be added to the final bid price.