"Port Deposit"

Holloway & Sullivan, LLC, Solicitors
One North Charles Street – Suite 2525
Baltimore, MD 21201

GUARDIAN’S SALE

RANCH HOME
– On 1.46± Acres –

Sale On Premises
2059 HOPEWELL ROAD
Off Jacob Tome Memorial Hwy. (MD-276)
Cecil County, MD 21904

WEDNESDAY, JUNE 13, 2018
AT 11:00 A.M.

– SUGGESTED OPENING BID: $50,000 –

See also: AT 11:00 A.M. – PARCEL – 0 HOPEWELL ROAD

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:
2059 Hopewell Road is located in southwestern Cecil County. The home sits about one-quarter mile from Jacob Tome Memorial Highway, and about 3.5 miles northeast of the Town of Port Deposit. Perryville is also about 3.5 miles south of the property. Surrounding properties include farms, single family homes on large lots and some commercial properties along Jacob Tome Memorial Highway. According to www.ccps.org, nearby schools are Bainbridge Elementary, Perryville Middle and Perryville High.

For more information about the area, please visit:
http://www.ccgov.org/
https://www.portdeposit.org/
http://www.perryvillemd.org/

SITE:
Lot size – 1.461 acres, more or less, according to public records

The lot is mostly clear with some mature trees

Asphalt driveway

Believed to be serviced by private well and septic

Survey

Zoned: RR – Rural Residential

Cecil County Zoning Code:
http://www.ccgov.org/home/showdocument?id=1172

IMPROVEMENTS:
Ranch home with attached garage – constructed in 1974, containing 1,396 square feet of living area and 1,396 square feet of basement space, according to public tax records. The home is arranged as follows:

Exterior:
Partial siding / stone exterior
Concrete back patio
Shingle roof
Large Front and Rear yard

Main level:

• Foyer – carpet
• Living room – Carpet, Wood Fireplace
• Dining room – Carpet
• Kitchen – Laminate floors
• Full bath – Laminate floors, tile shower and surround
• Bedroom 1 – Carpet
• Bedroom 2 – Carpet
• Bedroom 3 – Carpet, Full bath- Laminate floor, tile shower and surround

Basement:

• Large room – unfinished
• 200 amp electrical service
• Utility sink
• Water Heater- Electric

TAXES:
Current annual real estate taxes are $2,218.79 based on a full value assessment of $187,933. 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

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

TERMS OF SALE:
A $7,500 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, 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!

Sale by Order of Terry K. Sullivan, Esquire
Guardian of the Property of Arvella Taylor