"Talbot County - Eastern Shore - Near Historic St. Michaels"

 REAL ESTATE AUCTION 

Talbot County – MD Eastern Shore
– $250,000 Suggested Opening Bid –

Charming, 3 Bedroom
WATERFRONT HOME
Located Near
Historic St. Michaels

Sale On Premises
8090 BOZMAN NEAVITT ROAD
(MD-579), Bozman, MD 21612

SATURDAY, JUNE 24, 2017
AT 12:00 NOON

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:
Situated along scenic Harris Creek, 8090 Bozman Neavitt Road is located approximately three miles southwest of downtown St. Michaels and east of Tilghman Island across the creek. The surrounding area is bounded by a confluence of waterways – The Miles and Choptank Rivers, Eastern Bay, Broad Creek and Harris Creek. The rural setting and panoramic water views provide a tranquil respite from everyday pressures. Enjoy spectacular sunsets from your private, west-facing deck. Golf, marinas, shopping, historic and natural attractions are within a five minute drive or short bike ride. Outstanding restaurants and country inns are located in nearby St. Michaels and in Easton, the county seat of Talbot County approximately fifteen miles east. The home is conveniently located about 75 minutes drive from Washington, D.C., 90 minutes from Baltimore, and 45 minutes from Annapolis.

Directions – from US-50 (Ocean Gateway) follow MD-322 (Easton Parkway and Bypass) to MD-33 (St. Michaels Road) east 11.9 miles to Bozman Neavitt Road (MD-579), turn left 3 miles to property on right side of road.

Local links:
http://www.stmichaelsmd.org
http://www.cbmm.org
http://www.eastonmd.org

SITE:
0.58 acre, fronting approximately 81′ on Harris Creek, a tributary of the Choptank River, with a central depth line of approximately 310′ and approximately 102′ on Bozman Neavitt Road (MD-579).

The lot is level, mostly clear, and has a rip-rap bulkhead along the waterfront. The water is approximately 1′-2′ MLW at the property line.

Link for NOAA depth chart:
http://www.charts.noaa.gov/OnLineViewer/12270.shtml

IMPROVEMENTS:
One Story Eastern Shore Bungalow, originally constructed in 1941 and extensively enlarged and remodeled, most recently in 2008.

Exterior
Vinyl siding, composition shingle roof, concrete block foundation, wooden double hung windows with storm sashes
Wooden sun deck
Screened breezeway porch
Attached one-car garage
Crawl space foundation with vapor barrier

Interior – wood-look laminate flooring throughout, updated doors, mouldings and drywall

• Great Room – open floor plan living room with ceiling fan, dining room with ceiling fan, sliding doors to deck, coat closet, maple kitchen with Whirlpool stainless steel appliances – rangetop on granite top work island, refrigerator freezer, dishwasher, wall oven, double stainless steel sink

   

  
  

   

• Master Bedroom with double closet, ceiling fan

   

  
  

   

• Bedroom #2, ceiling fan
  
• Bedroom #3, ceiling fan
  
• Tile Shower-Bath, double vanity and linen closet
  
• Attic with drop-down stair
• Enclosed Sun Porch with vinyl floor

   

  
  

   

• Laundry Room, ceramic tile floor, Whirlpool washer/dryer
  

Mechanical
Ducane electric heat pump and central air conditioning
Rheem 50-gallon electric water heater
200-ampere electrical service
Updated plumbing
Private well and septic

TITLE:
The property is in fee simple and sold free and clear of liens. Talbot County Deed Liber 1582, Folio 498.

TAXES:
Published annual real estate taxes are $1,639, based on a full value assessment of $269,833. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $25,000 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 by 12:00 Noon, Monday, June 26, at the Auctioneer’s office. 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 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.

No buyer’s premium.

Pre-Auction offers will be considered.