"Severn"

REAL ESTATE AUCTION

TWO STORY
TRADITIONAL HOME
– On 0.21± Acre –

Sale On Premises
1248 OLD CAMP MEADE ROAD
Near Reece Road
Anne Arundel County, MD 21144

THURSDAY, OCTOBER 4, 2018
AT 2:00 P.M.

– Suggested Starting Bid: $50,000 –

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:
1248 Old Camp Meade Road is situated in the Severn area of northern Anne Arundel County. The property is approximately one-quarter mile from Reece Road (MD-174), one-half mile west of Telegraph Road (MD-170) and approximately 1.5 miles south of MD-100. Surrounding subdivisions include Harmans Woods, Munson Heights, Severn Woods and Andorick Acres. The location is convenient to I-97, the BWI commercial district and Fort Meade. According to the Anne Arundel County General Services Viewer, nearby schools are Severn Elementary, Old Mill Middle North and Old Mill High.

SITE:
Lot – 0.21 acre, more or less according to public tax records

Approximate dimensions are 74′ front and rear, with depths of 123′ and 132′

Front, side and rear yards

Detached garage

Zoned R2, Residential

Public water and sewer are believed to be in Old Camp Meade Road

Anne Arundel County Water and Sewer Maps

IMPROVEMENTS:
Two story traditional home – the home was constructed in 1920, contains 1,520 square feet of living area and 820 square feet of basement space, according to public tax records. The home is believed to be arranged for 5 rooms (2 bedrooms), bath and basement.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,949.58 based on a full value assessment of $236,033. 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

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $7,500 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 within 24 hours at the Auctioneer’s office. 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!