"Severna Park"

REAL ESTATE AUCTION
To The Highest Bidder Over $100,000

TWO HOUSES
– On 0.23± Acre –

Sale On Premises
974 BALTIMORE ANNAPOLIS BOULEVARD
Near Jones Station Road
Anne Arundel County, MD 21146

FRIDAY, OCTOBER 25, 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.

LOCATION:
974 Baltimore Annapolis Boulevard is located in the Severna Park area of Anne Arundel County. The property is a short distance from Ritchie Highway (MD-2) and College Parkway, offering convenient proximity to shopping, dining and neighborhood services. Anne Arundel Community College is within 1 mile. Downtown Annapolis is within 6 miles. Baltimore City and Washington D.C. are about 20 miles and 30 miles away, respectively, providing ample access to major employers throughout the area. The property adjoins the Baltimore and Annapolis Trail, comprising roughly 13 miles of paved trail between Glen Burnie and Annapolis.

According to Anne Arundel County public schools website, nearby schools are Jones Elementary, Severna Park Middle and Severna Park High.

For more information about the area, please visit:
https://www.aacounty.org/
https://www.aacps.org/

SITE:
Lot size: 10,062 square feet, or 0.231 acre, according to public tax records. Deed records show the property as 0.233 acre. No adjustment for price will be made for acreage more or less than stated herein.

Public water and sewer are believed to be in Baltimore Annapolis Boulevard. Please reference service maps below. Service to the specific property is unknown.

Zoning: R2 – Residential – According to the Anne Arundel County zoning page: “This District is generally intended for low-density suburban single-family detached residential development at a subdivision density of either 1 dwelling unit per 20,000 square feet (no public sewer) or 2.5 dwellings per acre (with public sewer). A minimum lot size is 20,000 square feet if not served by public sewer, 15,000 square feet is required if served by public sewer. Maximum lot coverage by structures is 30%. Maximum height is 35 feet.”

Anne Arundel County Zoning Code

Water Services Map

Sewer Services Map

IMPROVEMENTS:
Two traditional ranch homes. Tax records have one of the structures having been built in 1988, and containing 2,480 square feet. Square footage may comprise both structures, and the actual year built on one or both structures is likely to have been earlier than 1988. The homes will need full renovation.

TITLE:
In fee simple; sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $4,259.06, based on a full value assessment of $369,800. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE (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 12:00 noon on Monday, October 28, 2019 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, ground rent, 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!