"Shady Side"

REAL ESTATE AUCTION
– Suggested Starting Bid: $10,000 –

1.32± ACRE
RESIDENTIAL LOT
Zoned R2 Residential

Known As:
1461 CEDARHURST ROAD
Tax ID: 700000996800
Off W. Shady Side Road
Anne Arundel County, MD 20764

Sale to Be Held:
Courthouse Steps
Circuit Court for Anne Arundel County
8 Church Circle, Annapolis, MD 21401

WEDNESDAY, MAY 22, 2019
AT 11:15 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:
1461 Cedarhurst Road is located in the Shady Side area of southern Anne Arundel County. The property is situated a short distance east of Shady Side Road on the south side of Cedarhurst Road. The Cedarhurst on the Bay Community is to the east, and the Alexandra Acres and Kimberly subdivisions are to the west and south, respectively. Avalon Shores is to the north. The lot is on the central portion of a peninsula bound by the Chesapeake Bay, West River and South Creek. Shady Side is a water oriented community, featuring a number of marinas, waterfront businesses and water oriented recreational facilities. Franklin Point State Park and Shady Side Park are each approximately 1.7 miles away. Retail options are along Shady Side Road and Muddy Creek Road (both MD-648). According to the Anne Arundel County General Services Viewer, nearby schools are Shady Side Elementary, Southern Middle and Southern High.

For more information about the area, please visit:
https://www.aacounty.org/
https://www.visitmaryland.org/city/shady-side

SITE:
Wooded lot comprising 1.32 acres, more or less, according to deed and public tax records

Known as Anne Arundel County Tax ID 700000996800

The lot is positioned to the rear of 1469 Cedarhurst Road. There is a 20′ right of way connecting the northwestern portion of the property to Cedarhurst Road.

Zoned R2 Residential. Well and septic would be required.

Concept building plans, MDE information and additional due diligence information is available. Please complete the Waiver and Confidentiality Agreement form to obtain copies of seller provided documents.

TAXES:
Current annual real estate taxes are $544.19 based on a full value assessment of $53,667. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 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 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. 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