"Pasadena - Ventnor"

Karen A. Nicolaus, Trustee
1002 Frederick Road – Suite 2
Catonsville, MD 21228

Featuring Live & Online Simulcast Bidding
$350,000 Opening Bid

“Ventnor”

WATERFRONT COTTAGE
4 Bedrooms ◆ 3 Baths
Inground Pool ◆ 75′ Pier

Known As
1992 GOOSENECK ROAD
Off Ventnor Road
Anne Arundel County, MD 21122

Online Bidding Opens
MONDAY, AUGUST 22, 2022
And Continues Through Live Auction

Live Onsite Auction
WEDNESDAY, AUGUST 24, 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.

LOCATION:
1992 Gooseneck Road is located in the Ventnor subdivision of Pasadena in northeastern Anne Arundel County. The property is located along the south side of Main Creek, west of Bodkin Creek and Chesapeake Bay, north of Mountain Road (MD-177) and Gibson Island. The surrounding area is a mixture of residential and recreational maritime uses. Area homes are a mixture of renovated and expanded former summer cottages and new construction year-round homes.

Nearby public schools are Bodkin Elementary, Chesapeake Middle and Chesapeake High, according to the Anne Arundel County Public Schools web site. Access to major highways, via MD-100, is approximately 5 minutes west of Ventnor, providing linkage to major employment centers, shopping, healthcare, BWI Airport, Baltimore, Washington and Annapolis. Community shopping is available close by on Mountain Road. Public parks and marinas are within a mile of the home.

Main Creek is a protected cove, with a water depth of approximately 10′ MLW, leading to Bodkin Creek and Chesapeake Bay.

SITE:
Rectangular lot 50′ x 190′ (fronting 50′ on Main Creek and 50′ on Gooseneck Road), comprising 0.218 acre. The lot is level and elevated above the creek. The house appears to be located in a zone X flood hazard area, beyond the 100-year flood zone.

Plat

Zoning R1, residential
Private well and septic
Electricity, propane ligas, Xfinity service
75′ pier
Wood seawall (bulkhead) with wood walkway above
Fenced yard
Inground swimming pool with view of Main Creek
Mature landscaping
4-car asphalt parking pad along street and drive-in gate with additional parking in yard

IMPROVEMENTS:
Two Story Home, built in 1962, containing 1,976 square feet of living area and 1,064 square feet of basement space, according to public tax records.

Exterior – vinyl siding, double-glazed casement windows, composition shingle roof, aluminum rainspouts, concrete block foundation

First Floor

• Living Room/Dining Room/Kitchen – ceramic tile floor, brick fireplace in living area, wood kitchen cabinets, granite kitchen counters, stainless steel appliances – electric range/oven, microwave, dishwasher, refrigerator/freezer
• Sun Room facing water – sub-floor
• Bedroom – wood floor
• Full Bathroom – ceramic tile
• Den/Laundry – wood floor, washer and dryer

Second Floor

• Master Bedroom Loft – sub-floor, walk-in closet
• Bedroom #3 – sub-floor
• Bedroom #4 – sub-floor
• Full Bathroom – ceramic tile, fiberglass tub enclosure

Basement

• Recreation Room, partially finished – with brick fireplace
• Bathroom, partially finished – shower stall
• Storage Areas
• Outside Entrance

Mechanical – oil hot water baseboard heat, electric water heater, circuit breakers, water treatment system, pool heater

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold fee and clear of liens. Being known and designated as Lot 146, Ventnor, recorded among the Plat Records of Anne Arundel County in Plat Book 10, Page 22 and in Deed Book 37139, Page 68.

TAXES:
Published annual real estate taxes are $6,470, based on a full value assessment of $623,900.

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.

Live Auction Bidders – A $50,000 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, is required of the purchaser by 4:00 p.m. on the day of auction.

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.

NOTE: This is not a foreclosure auction. Court ratification is not required.