Absolute Above $100,000 "Annapolis - Colony Hills"

Well Located Brick Rancher
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Listing Details

Sold Price
$143,000
Auction Date
Auction Time
11:00 AM
Address
1309 McKinley Street, Annapolis, MD, 21403
County
Anne Arundel County
Neighborhood
Annapolis, Colony Hills
Inspection
The property will be open at 10:00 a.m. on the day of the auction or by appointment.
Additional Documents
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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Alisa G. Cummins, Attorney
3290 North Ridge Road
Ellicott City, MD 21043

ESTATE SALE
AT ABSOLUTE AUCTION
To The Highest Bidder Above $100,000

ANNAPOLIS

"Colony Hills"

Well Located
BRICK RANCHER

Sale On Premises
1309 MCKINLEY STREET
Off Van Buren Drive
Anne Arundel County, MD 21403

THURSDAY, NOVEMBER 6, 2014
AT 11:00 A.M.

THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE.  HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.

GENERAL INFORMATION

LOCATION:
The home is situated on a quiet street in the Colony Hills subdivision of Annapolis.   Nearby are numerous restaurants, shopping centers and specialty shops and work centers.  Highway access to MD-50 & I-97 is within 10 minutes to the west via Forest Drive (becomes MD-665).

SITE:
Rectangularly shaped lot measuring 60' x 85', more or less

Driveway

Partially fenced rear

Serviced by public water and sewer

IMPROVEMENT DESCRIPTION:
Brick ranch style home constructed in 1950 (according to SDAT tax records), in need of some cosmetic updating and arranged as follows:

First Floor

  • Living Room (18' x 13') - manteled brick wood burning fireplace
  • Eat-in Kitchen - 4-burner electric range/double oven, laundry closet with washer
  • 3 - Bedrooms
  • Full Bathroom - ceramic tile flooring and wainscot

Partial Basement - outside entry

Mechanical
Electric baseboard heat
Electric water heater

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes - $3,266 (based on a full value tax assessment of $224,000).  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 SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html.

TITLE:
The property is in fee simple and is being sold free and clear of all liens.

INSPECTION:
At 10:00 a.m. on the day of the auction or by appointment.

TERMS OF SALE:
Deposit payable by certified or cashier's check of $10,000 will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the balance of the deposit or balance of the purchase price 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.  Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Estate, Personal Representative, 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 Personal Representative 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 Estate, Personal Representative or Auctioneer.   The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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!

Auction by order of:
Merton T. Pritchett, Jr., Personal Representative,
for the Estate of Josephine R. Bottom