"Southern Anne Arundel County"

Absolute Estate Sale

To the Highest Bidder Above $5,000

49.04± ACRE
PARCEL OF LAND

Known As
Tax Map 68, Parcel 21
SOLOMONS ISLAND ROAD
Lothian, MD 20711

Online Bidding Opens
MONDAY, JUNE 14, 2021

Online Bidding Closes
THURSDAY, JUNE 17, 2021
AT 11:40 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.

GENERAL INFORMATION:
The property is situated east of Solomons Island Road (MD-2), west of Sudley Road, south of Grays Road and north of Batchelors Choice Lane, in southern Anne Arundel County. The auction parcel is bisected by a BGE right-of-way and is traversed by a stream. The site is mostly wooded.

A deeded paper right-of-way would provide access from Solomons Island Road (see deed).

Zoning OS – Open Space District (Permitted Uses Code Reference – 18-9-202) and RA – Rural Agricultural

OS – Open Space District
This district is designed to protect and preserve those open land areas of the County used for recreation (e.g. parks) and natural areas such as bogs, wetlands, stream/creek ravines and floodplains. Farming and recreational type uses are permitted. Existing residential dwellings are also allowed however new residential dwellings are not.

RA – Rural Agricultural
This district is generally intended to preserve agricultural lands and provide for very low-density rural single-family detached residential development at a subdivision density of approximately 1 dwelling unit per 20 acres (see Code for exact formula). Minimum lot size is 40,000 square feet. Maximum lot coverage by structures is 25%. Maximum height is 45 feet.

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 2736, Page 108.

TAXES:
Published annual real estate taxes are $419, based on a full value assessment of $11,600.

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, payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of auction, 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 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. Time is of the essence.

No buyer’s premium.

Estate of Sadie M. Castruccio