"Shady Side"

REAL ESTATE AUCTION

TRADITIONAL
HOME
– On 0.50 +/- Acre –

Sale On Premises
1249 SCOTT TOWN ROAD
Anne Arundel County, MD 20764

FRIDAY, OCTOBER 25, 2019
AT 12:30 P.M.

– Suggested Starting Bid: $20,000 –

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:
1249 Scott Town Road is located in east Anne Arundel County in the water rich community of Shady Side. Residents of the area have direct access to the Chesapeake Bay with many marinas and boat slips available for use. The property is located off of Shady Side Road, a major roadway that provides grocery, restaurant, retail and entertainment options for the convenience of residents. Nature and animal enthusiasts are encouraged to visit Jack Creek Park, located three miles away, which hosts nature trails, beaches and is home to a variety of animals including bald eagles, blue herons and turtles.

SITE:
Lot – 0.50 Acre, more or less

Zoned Residential

Off-street parking

Private well and septic

IMPROVEMENTS:
One story vinyl siding home. According to public tax records the home was constructed in 1920 and contains 640 square feet of living area.

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

TAXES:
Published annual real estate taxes are $2,288, based on a full value assessment of $211,667. 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 REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, payable by certified check or 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: Noon, Monday, October 28, 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. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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!