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Holloway & Sullivan, LLC
One N. Charles Street, Suite 2525
Baltimore, MD 21201
– $50,000 Suggested Opening Bid –
Near the Wicomico River
4 Bedroom ◆ 3.5 Bath
STONE & SIDING RANCHER
ON 2.5± ACRE LOT
Sale On Premises
27933 RIVERSIDE DRIVE
Wicomico County, MD 21801
FRIDAY, MARCH 15, 2019
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.
27933 Riverside Drive is located in the Sharps Point area near the Wicomico River, southwest of Downtown Salisbury, about 1.5 miles west of Business US-13. The surrounding area is rural in character. According to the Wicomico County Public Schools website, nearby public schools are Fruitland Primary (pre-kindergarten through second grade), Fruitland Intermediate (grades three through five), Bennett Middle (grades six through eight) and Jim Bennett High (grades nine through twelve). The property is located several miles southwest of Salisbury University, regional shopping and public services.
Level lot comprises 2.5 acres of land, fronting approximately 358′ along the south side of Riverside Drive (Extended), by a depth of approximately 400′
Private well and septic
Zoning AR, agricultural residential
One and one-half story stone and vinyl siding home, built in 1969 and containing 2,208 square feet of living area and attached two-car garage containing 650 square feet, according to public tax records.
Mechanical – electric forced air heat, 30 gallon electric water heater
Outbuildings – concrete block garage, aluminum shed
The home needs extensive cleaning and cosmetic repairs.
The property is sold free and clear of liens, in fee simple, and is known as Lot 6A, on the Plat entitled Resubdivision of Lots 4, 5 & 6, Block A, “Sandywood,” Section One, recorded among the plat records of Wicomico County in Plat Cabinet MSB 10, Slot 47, Page 186. Deed Book 1034, Page 628.
Published annual real estate taxes are $1,739, based on a full value assessment of $165,300. 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:
Please see the contract of sale for complete terms.
A $10,000 deposit, payable by 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 by 11:00 A.M. Monday, March 18, 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.
Auction by order of:
Terry K. Sullivan, Guardian of the Property of James Harrington