Absolute Above $10,000 - "MD Eastern Shore - Cambridge"

Two Story Cottage
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Listing Details

Sold Price
$17,000
Auction Date
Auction Time
10:30 AM
Address
303 Henry Street, Cambridge, MD, 21613
County
Dorchester County
Neighborhood
Cambridge
Inspection
Property will be open for inspection 30 minutes prior to the auction.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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★ABSOLUTE★
REAL ESTATE AUCTION
To the Highest Bidder Above $10,000

MD EASTERN SHORE

"Cambridge"

TWO STORY COTTAGE

Sale On Premises
303 HENRY STREET
Off Ocean Gateway (US-50)
Dorchester County, MD 21613

FRIDAY, AUGUST 15, 2014
AT 10:30 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:
303 Henry Street is located about two blocks west of US-50 and four blocks south of the Choptank River, within walking distance of Dorchester General Hospital, shopping and community services.  The surrounding neighborhood is a mixture of attached and single family detached homes.  Area homes are owner and tenant occupied.

SITE:
Level rectangular lot - 40' x 150'
Zoning R-3, residential
Public water, public sewer, gas, electricity, telephone, cable

IMPROVEMENTS:
Two Story Cottage - according to public tax records, the home was built in 1905 and contains 1,140 square feet of living area.

Exterior
Aluminum siding
Vinyl-clad double hung windows
Composition shingle roof
Covered front entry porch

Interior
Plaster walls
Vinyl over wood floors

First Floor

  • Foyer
  • Living Room
  • Dining Room - ceiling fan
  • Kitchen - gas range/oven
  • Laundry Room
  • Bathroom - shower

Second Floor

  • Bedroom #1
  • Bedroom #2
  • Bedroom #3

Mechanical
Gas space heater
150 ampere electrical service

TITLE:
The property is in fee simple and sold free and clear of liens.  Dorchester County Deed Liber 0264, folio 0220.

TAXES:
Published annual real estate taxes for 2013-2014 are $899.  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://www.dat.state.md.us/sdatweb/appeal.html

TERMS OF SALE:
A $2,500 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, August 18, 2014 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 sale 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 sale 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 sale 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.