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REAL ESTATE AUCTION
– $250,000 Suggested Opening Bid –
– Approved for 176 Units –
Charles County Tax Map 6
Parcels 26, 41, 66, 67 & 158
Bryans Road, Charles County, MD 20616
Sale to Be Held:
Circuit Court for Charles County – Front Entrance
200 Charles Street, La Plata, MD 20646
TUESDAY, JULY 17, 2018
AT 12:00 NOON
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.
Potomac Chase is located in the Bryans Road area of Charles County immediately west of the Prince George’s County line. The assemblage of approximately 67.53 acres is the remaining Charles County portion of the Potomac Chase subdivision in Prince George’s County. The lots are situated immediately southwest of Indian Head Highway (MD-210), approximately one mile northeast of Marshall Hall Road (MD-227) and the Bryans Road Shopping Center. The Capital Beltway (I-495) is approximately 13 miles to the north, Waldorf is approximately 9 miles west and La Plata, the County seat, is approximately 11 miles south. Significant employers, including Federal and State Government, military facilities and GSA Contractors are also within close proximity.
The Potomac River is a short distance west of the property, and is bound by several State and Local parks, providing ample recreational facilities to local residents. Shopping and dining options are available in both Bryans Road and nearby Waldorf. Surrounding properties are a mix of subdivisions, religious facilities and large wooded tracts.
The auction presents a unique opportunity to purchase a substantial, undeveloped parcel in Charles County, which may be suitable for construction of a significant subdivision, reduced density for large estate properties, agricultural use or retention for future development.
The property is comprised of 6 tax records totaling 67.53 acres, more or less
Known as Charles County Tax Map 06, lots 26, 41, 66, 67 and 158
|Parcel 26||20.82 acres|
|Parcel 41||3.72 acres|
|Parcel 66||31.83 acres|
|Parcel 67||10.88 acres|
|Parcel 158||0.28 acre|
The property assemblage was approved for 176 total units including a mix of single family and townhouses. The development was fully engineered and received preliminary plan approval prior to new current storm water management regulations.
|18′ front load townhouse units||69 units|
|20′ front load townhouse units||64 units|
|43 single family detached lots||43 units|
WCD – Watershed Conservation District – 1 unit per 20 acres (0.05 density units per acre or du/acre)
Approval from the Charles County Department of Planning and Growth Management, included in the due diligence package, was based on zoning that existed prior to the 2016 Charles County Comprehensive Plan. That County wide rezoning initiative reclassified a large portion of the northwestern section of the county as a Watershed Conservation District (formerly Deferred Development District).
The current approval letter dated February 27, 2018 provides approvals through August 18, 2018, and are eligible for a two year extension. Seller shall submit for extension prior to expiration. Those approvals are as follows:
|Parcel Number||Prior Zone||Acres||Allowable Density||Approved Units||Density (du/acre)||Use|
|66 & 158||RM||32.07||3-6.56 du/acre||43||1.34||Single Family|
Approvals are conditional based on certain infrastructure improvements and studies. Engineering is based on prior storm water management regulations. Development will require compliance with updated storm water management regulations, and may alter the allowable density. School seat allocations are required prior to receiving record plat and permits.
FURTHER INFORMATION REGARDING APPROVAL CONDITIONS, NECESSARY STUDIES, INFRASTRUCTURE IMPROVEMENTS, SCHOOL ALLOCATIONS, UTILITY CONNECTION FEES AND EXCISE TAXES ARE AVAILABLE VIA THE DUE DILIGENCE PACKAGE BELOW.
Please complete the Waiver and Confidentiality Agreement form to obtain copies of the due diligence package, including:
The property is in fee simple and will be sold free and clear of liens.
Charles County Real Property Tax Year 2017 Taxes:
Annual Tax Bill
A $25,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. Within three (3) business days of the contract date, the deposit is to be increased to a total of 10% of the purchase price. The property will be sold in “AS-IS” condition. Seller to guarantee free and clear, good and marketable title. No buyer’s premium.
The terms above are intended to be a summary only. Please review the full purchase and sale agreement below for complete contract terms. Any changes to the terms will be posted prior to the date of the auction, and a contract of sale will be available for review at the time and place of sale.