"Shady Side - Cedarhurst on the Bay"

ONLINE REAL ESTATE AUCTION

0.401± ACRE
RESIDENTIAL LOT
– Zoned R-5 –

KNOWN AS:
1171 SPRUCE AVENUE
Including Anne Arundel County Tax ID: 
715505116700, 7115 90249845, 7115 90249846
Shady Side, MD 20764
Off Cedarhurst Road

BIDDING OPEN:
MONDAY, JULY 6, 2020

BIDDING CLOSE:
WEDNESDAY JULY 8, 2020 AT 12:00 P.M.

$15,000 Suggested 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:
The property is located in the Cedarhurst On The Bay community in the town of Shady Side in Anne Arundel County, Maryland. The community, made up of a mixture of housing from modest cottages to impressive homes, offers ball fields, picnic areas, boat slips, a harbor and many more amenities to residents. Within a mile of the parcel are multiple restaurants, retail shops, and a grocery store. Route 468, within a mile, offers residents convenient access to the surrounding communities and to other major roads in the area. For nature lovers, Franklin Point State Park, 2 miles away, boasts picturesque views of the Chesapeake Bay, biking and hiking trails and a sand shoreline. According to the Anne Arundel County Public Schools locator, the public schools include Shady Side Elementary School, Southern Middle School and Southern High School.

Cedarhurst on the Bay community rules and regulations can be found via the community web page below.

Community Rules and Regulations

For more information about the area, please visit:
Locate Your School – www.aacps.org
Shady Side – www.visitmaryland.org
Cedarhurst on the Bay – www.cedarhurstonthebay.com
Franklin Point State Park – dnr.maryland.gov

SITE:
Lot – 0.401 acre, more or less, according to public tax records.

Plat

Lot fronts on Spruce Avenue and extends to Holly Avenue

Sewer is believed to be available. Well is believed to be required.

Anne Arundel County Water Master Plan 2017

Anne Arundel County Sewer Master Plan 2017

A development concept plan has been produced by the seller.

ZONING:
R-5 Residential Zoning intended for low-medium density suburban single-family detached homes. Some restrictions on dwelling permits. For more information, please see the Anne Arundel County Zoning Classifications Guide.

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

TAXES:

Published annual real estate taxes are $556.42, including $60.06 Cedarhurst on the Bay Special Tax, based on a full value assessment of $46,800. 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: Assessment Appeal Process.

The Community of Cedarhurst on the Bay is a special tax district. A special tax of $83.46 is included in the tax bill on a full value assessment of $70,000.

For more information, please see: Special Taxing District Guidelines

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Wednesday, July 8, 2020 at 12:00 Noon (the bid closing). 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 and 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.