"Shady Side - Avalon Shores"

 ONLINE REAL ESTATE AUCTION 

0.17 ± ACRE
RESIDENTIAL LOT

KNOWN AS:
4917 ASPEN STREET
Off Avalon Boulevard
Shady Side, Anne Arundel County, Maryland, 20764

BIDDING OPENS:
WEDNESDAY, NOVEMBER 10, 2021

BIDDING CLOSES:
FRIDAY, NOVEMBER 12, 2021 AT 11:30 A.M.

$30,000 OPENING BID

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:
4917 Aspen Street is located in the Avalon Shores community of Anne Arundel County. The water privileged community, made up of a mixture of housing from modest cottages to impressive homes, offers residents a beach with swimming platform, gated boat ramp and fishing pier, fields and playgrounds. Restaurants, grocery stores, community centers, marinas and yacht clubs are within a 10 minute drive from the home site. For nature lovers there are several parks with walking trails, beaches and stunning views of The Chesapeake Bay. According to the Anne Arundel Public Schools locator, the schools for the area are Shady Side Elementary School, Southern Middle School and Southern High School.

For more information about the area, please visit:
Avalon Shores Association – avalonshores.net
Anne Arundel County, MD – www.aacounty.org
Locate Your School – www.aacps.org

SITE:
Lot size – 0.17 acre, more or less, according to public tax records. Plat

The lot is mostly level. See legal description, found at Dorchester County Land Records Deed Liber RPD 30433, folio 306.

Public sewer hook up is believed to be available. Well is believed to be needed on the home site.

Zoning: R-5, Residential

For more information about zoning, please visit:
Zoning Administration Section – www.aacounty.org

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the due diligence information.

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

TAXES:
Published annual real estate taxes are $1,014.74, including $115 Avalon Shores special tax, based on a full value assessment of $86,100. 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: Assessment Appeal Process.

The Avalon Shores Community is a special tax district. For more information, please see:
Special Taxing District Guidelines – www.aacounty.org

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, November 12, 2021 at 4:30 P.M. 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