"Pomfret"

REAL ESTATE AUCTION

TRADITIONAL HOME
ON 1.44± ACRES

Sale On Premises
7945 POMFRET ROAD
Near Marshall Corner Road
Charles County, MD 20675

TUESDAY, APRIL 4, 2017
AT 1:30 P.M.

– Suggested Opening Bid: $5,000 –

      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:
7945 Pomfret Road is located in the Pomfret area in western Charles County, Maryland. Pomfret is located approximately 5 miles west of White Plains, and 8 miles west of Waldorf. The area is rural in nature, with expansive woodlands and farms mixed with a few small subdivisions. The Potomac River, Mattawoman Creek and Mattawoman State Natural Environmental area are a few miles to the east. According to ccboe.com, nearby schools are Dr. James Craik Elementary, General Smallwood Middle and Maurice J. McDonough High.

For more information about the area, please visit:
http://www.charlescountymd.gov/
and
https://www.ccboe.com/

SITE:
Level lot – 62,726 square feet, or 1.44 acres, more or less

Legal Description (prior deed)

Outbuildings

The property is believed to have private well and septic

Zoned – RC (D) – Resource Conservation
Please see Charles County Planning for more information:
https://www.charlescountymd.gov/pgm/planning/planning

IMPROVEMENTS:
Two story traditional home – constructed in 1935 and containing 1,936 square feet of living area, according to public tax records. The home requires full renovation.

TITLE:
In fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,051.02 based on a full value assessment of $140,700. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $2,500 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, ground rent, 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!