"Salisbury - Moss Hill Acres"

This auction has been CANCELED.
Sold prior to the auction.

ONLINE REAL ESTATE AUCTION
– $50,000 Starting Bid –

RANCH HOME
♢ Corner Lot ♢ Garage ♢

Known As:
316 CRAFT STREET
Off Moss Hill Lane
Wicomico County, MD 21804

– CANCELED –

BIDDING OPENS:
MONDAY, NOVEMBER 30, 2020

BIDDING CLOSES:
THURSDAY, DECEMBER 3, 2020 AT 12:00 P.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:
The property is located in the town of Salisbury, located on Maryland’s Eastern Shore. The home is located across the street from the previous site of the Chris Craft Plant (MIHP WIC-677) a historic industrial boat plant that acted as Salisbury’s largest employer between 1954 and 1969, when the plant shut down. At the time, the plant was described as one of the largest and most modern boat factories in the world with the Corinthian, Sea-Strake Hybrid and Cavalier models being produced there. Perfect for commuters, the home is situated just one mile off of Ocean Highway with Route 50 two miles to the north. Beach goers can enjoy a quick trip to Ocean City, MD which is 45 minutes away. Inside the town of Salisbury are many restaurants, shops and other entertainment options. Salisbury is known as the commercial hub of the Delmarva Peninsula and has earned national honors as the fastest growing city with affordable homes. Major employers in the area include Salisbury University, the shops at The Centre at Salisbury and Peninsula Regional Medical Center. According to the Wicomico County Public Schools locator, the public schools in the area are East Salisbury Elementary School, Wicomico Middle School and Wicomico High School.

For more information about the area, please visit:
Salisbury, MD – salisbury.md
Salisbury Earns National Recognition – salisbury.md
Wicomico County, MD – www.wicomicocounty.org
School Locator – dev.wcboe.org
Chris-Craft Plant, Maryland Historical Trust – mht.maryland.gov 

SITE:
Corner lot – 0.34 Acre, more or less. Plat

The home is believed to have private well and septic

ZONING:
Zoned R-10, residential

Wicomico County Zoning Map

Permitted Uses

IMPROVEMENTS:
One story ranch home, constructed in 1956, containing 1,248 square feet of living area and no basement. The home contains living room, eat-in kitchen, master bedroom with shower bath, 3 additional bedrooms, and hall bath. The home was previously rented to a long-term tenant. The home will be vacant on the auction date.

TITLE:
In fee simple; sold free and clear of liens. Wicomico County Deed Book MSB Liber 2509, folio 379.

TAXES:
Published annual real estate taxes are $1,109, based on a full value assessment of $106,600.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, December 4, 2020 at 12:00 PM. 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.