"Talbot County, MD"

Absolute Estate Sale

To the Highest Bidder Above $5,000

0.5± Acre ◆ Zoned VR

Known As
Tax Map 5, Parcel 110, Lot 1
Situated at Northeast Corner of
SKIPTON CORDOVA ROAD
& NEWTOWN VILLAGE ROAD
Cordova, MD 21625

Online Bidding Opens
MONDAY, JUNE 14, 2021

Online Bidding Closes
THURSDAY, JUNE 17, 2021
AT 11:50 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 auction property comprises a residential lot, located on Skipton Cordova Road, approximately one mile east of US-50. The surrounding area is rural residential.

Clear, level lot, known as Lot 1, Shockley Property, as per plat recorded among the Land Records of Talbot County in Plat Book 21, Page 6, the lot fronts 114′ along the north side of Skipton Cordova Road by 200′ along the east side of Newtown Village Road (formerly known as Sherwood Mill Road), comprising 21,800 square feet or approximately 0.5 acre. Shockley Road is believed to be in the rear. Plat

Zoning VR, residential, 25′ front and rear setbacks, 20′ side setbacks. The Village Residential District provides for low- or moderate-density residential use. Limited new infill residential development is directed to this district, so that the environment and natural resources of nearby rural areas are protected and preserved. These districts may have public water and/or sewer service; however, these services should not be the basis for new development inconsistent with the established scale or character of the Village. Please verify with appropriate zoning authorities.

Private well and septic would be required.

TITLE:
The property is in fee simple and sold free and clear of liens. Talbot County Deed Book MAS 959, Page 123.

TAXES:
Published annual real estate taxes are $274, based on a full value assessment of $36,800.

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