"Southern Maryland - Newburg"

ONLINE REAL ESTATE AUCTION

SINGLE FAMILY HOME
ON 2 ± ACRES
NEEDS FULL RENOVATION

KNOWN AS:
12991 W. HATTON ROAD
Charles County, MD 20664
Near Mt. Victoria Road

BIDDING OPEN:
MONDAY, MARCH 9, 2020

BIDDING CLOSE:
THURSDAY, MARCH 12, 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 rural town of Newburg in southern Maryland. The property fronts on W. Hatton Road. Surrounding the property are single family homes, farms and picturesque woods. According to the Charles County Public School’s locator, the public schools in the area include Doctor Thomas L Higdon Elementary School, Piccowaxen Middle School and La Plata High School.

For more information about the area, please visit:
Newburg – www.visitmaryland.org/
Charles County, MD – www.charlescountymd.gov
School Locator – www.ccboe.com

SITE:
Lot – 2 acres, more or less, according to public tax records

Water and sewer are believed to be needed on the property.
Charles County Water and Sewer Maps

ZONING:
Zoned AC – Agricultural Conservation
Charles County Zoning Map

IMPROVEMENTS:
Two story single family home – according to public tax records, the house was constructed in 1930 and contains 1,125 square feet of living area.

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

TAXES:
Published annual real estate taxes are $1,737, based on a full value assessment of $114,800. 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.

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 Thursday, March 12, 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, 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 waives the right of inspection for lead paint, as provided under current Federal and State law. 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.