"Point Pleasant"

 REAL ESTATE AUCTION 

– $200,000 Suggested Opening Bid –

1.75± ACRE WATERFRONT
DEVELOPMENT PARCEL
Situated On Marley Creek

Sale On Premises
1607 MARLEY AVENUE
Corner 7th Street, Glen Burnie
Anne Arundel County, MD 21060

TUESDAY, AUGUST 15, 2017
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:
1607 Marley Avenue is situated in the Point Pleasant area of northeastern Anne Arundel County, east of the Arundel Expressway (MD-10), south of Furnace Creek, along the north side of Marley Creek. The surrounding neighborhood is a mixture of single family homes, ranging from new construction to more than fifty years of age. Nearby public schools are Point Pleasant Elementary, Marley Middle and Glen Burnie High School, according to the Anne Arundel County government web site. The parcel is convenient to shopping, light rail, MARC train, BWI Airport, highway access and public amenities.

My Anne Arundel General Information Report

SITE:
1.75 acres, fronting 213.98′ along the east side of Marley Avenue, 294.83′ along the north side of 7th Street, 36.67′ along Marley Creek with an existing wooden bulkhead and former pier.

A major subdivision plan provides for five homesites, ranging from 0.17 to 0.611 acre, with waterfront access as a common area amenity and seven conservation easements. Department of Public Works has approved water and sewer allocation to the five lots. Planning and Zoning has approved a modification application for development on July 1, 2015. A Major Subdivision Plat has been completed, but not recorded.

Zoning R5, residential

Utilities – public water, sanitary sewer, electricity, storm sewer, cable

Four frame houses and outbuildings are intended to be demolished to allow for the subdivision and development of the property.

TAX INFORMATION:
Anne Arundel County Tax Map 10, Grid 3, Parcel 272, Lot 5
District 05, Subdivision 625, Account No. 09742600
Full Value Tax Assessment – $397,800
Published Annual Real Estate Taxes for 2017 – $4,551

TITLE:
The property is in fee simple and sold free and clear of liens. Deed Liber 27636, Folio 24.

ADDITIONAL INFORMATION IS AVAILABLE:

• County Approval Letters
• Certificate of Title
• Description of Conservation Easements
• Major Subdivision Plats

Please complete the Waiver and Confidentiality Agreement and the information will be forwarded by email.

TERMS OF SALE:
A $20,000 deposit, payable by certified check or 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. 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 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.