"Shady Side - Chesapeake Bay"

$300,000 Opening Bid

CHESAPEAKE BAY
WATERFRONT PROPERTY
1.64± Acres ✦ Beach ✦ 2 Homes

Sale on Premises:
1664 CEDAR LANE
Near Snug Harbor Road
Shady Side, Anne Arundel County, MD 20764

Live On-Site Only Auction
THURSDAY, AUGUST 25, 2022
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:
1664 Cedar Lane is located in the Shady Side area of Anne Arundel County. Shady Side is a small community positioned on a peninsula with frontage on several bodies of water, including the Chesapeake Bay, West River, Parish Creek and South Creek. That water oriented geography has helped foster the community’s rich maritime history going back to the 1790’s. Marinas, boat and yacht clubs, community piers, waterfront restaurants and bars, and a collection of waterfront parks line the edges of the community. A variety of other businesses and conveniences are located along Shady Side Road and Snug Harbor Road. Shady Side is about 40 miles from the center of Washington, D.C., 47 miles from the center of Baltimore and 21 miles from Annapolis (shorter by boat). According to the Anne Arundel County Public Schools locator function, nearby schools are Shady Side Elementary, Southern Middle and High.

The property fronts on the Chesapeake Bay, with excellent views of the private beach, marshes, and, of course, the world famous estuary itself. With only a few homes in the surrounding area, the property fosters good privacy coupled with nice access via car or boat to a variety of conveniences and entertainment. The auction affords an opportunity to purchase a waterfront property with ample space and excellent potential for simple improvements or comprehensive redevelopment.

For more information about the area, please visit:
Anne Arundel County, MD – www.aacounty.org
Anne Arundel County Public Schools – www.aacps.org
Anne Arundel County Maps – maps.aacounty.org

SITE:
Lot size – 1.86 acres, more or less, according to public tax records. 1.64 acres, more or less, according to deed records.

Mostly level lot featuring over 400′ of Chesapeake Bay waterfront with a private beach and some marshy areas around the edges. Fenced garden area. Some existing pilings may be around the edges of the waterfront.

Access via 20′ common right-of-way (see legal description).

Believed to be serviced by private well and public sewer.

Zoning – R1 Residential and OS Open Space. Zoning Map

See NOAA depth chart (number 12270) for nearby water depths. Nearby properties have piers extending to the edge of a 3’+ channel (MLW) with immediate access to deeper water.

The existing structures are not believed to be located within a flood zone. The beach and marshy areas are believed to be in a Zone AE (EL 5) flood zone. FEMA Flood Map

Note: no adjustment to price will be made for acreage larger or smaller than what can be conveyed by the seller’s right, title and interest in the advertised property.

IMPROVEMENTS:
The property is improved by three structures – a 1957 bungalow, the original “shore shack” and utility shed. The collection of existing footprints may allow for new construction of a much larger home, or improvement and expansion of the existing structures.

Bungalow – one and one-half story home constructed in 1957 and containing 1,280 square feet of living area, according to public tax records. The home is arranged for an enclosed front porch, open living room and kitchen area with breakfast bar, bedroom and full bath (first floor), and additional bedroom and powder room (second floor). Forced air heat. CAC. Vinyl-clad replacement windows. Asphalt shingle roof.

Shore Shack – clapboard frame building believed to have been the original home at the site, and used for utility and storage purposes in more recent years. The property likely requires demolition.

Utility shed – believed to contain a generator.

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

TAXES:
Published annual real estate taxes are $4,605.03, based on a full value assessment of $399,500.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

A $30,000 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, ground rent 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. 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. 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. A 5% buyer’s premium will be added to the final bid price.