"Newburg - Woodland Point"

1.45+/- Acre Waterfront Lot
With Mobile Home, 2 Bedrooms & 2 Baths
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Listing Details

Sold Price
$98,800
Auction Date
Auction Time
11:00 AM
Address
15590 Woodland Point Road, Newburg, MD, 20664
County
Charles County
Neighborhood
Newburg, Woodland Point
Inspection
The property will be open for viewing approximately 30 minutes prior to the time of sale.
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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REAL ESTATE AUCTION
$30,000 Suggested Opening Bid

NEWBURG

"Woodland Point"

1.45± ACRE
WATERFRONT LOT
With Mobile Home
2 Bedrooms ◆ 2 Baths

Sale On Premises
15590 WOODLAND
POINT ROAD
Charles County, MD 20664

FRIDAY, DECEMBER 5, 2014
AT 11:00 A.M.

    Property fronts approximately 290' along the southwest side of Neale Sound and is improved by a circa 2006 vinyl sided mobile home, comprising approximately 924 square feet and containing a living room, eat-in kitchen, 2 bedrooms, 2 baths, laundry, electric heat pump and central air conditioning.  The site is near Cobb Island and the Swan Point Yacht & Country Club.  The property comprises parts of lots 58 and 59, Woodland Point.  See deed Liber 08596, page 346 among the Land Records of Charles County for legal description. In fee simple.

 

 

    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.

    Published annual real estate taxes are $6,076.68 based on a full value assessment of $348,300.  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 $3,000 deposit, payable by certified check or 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, December 8 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 8% per annum, from date of sale to date of settlement.  All adjustments, including taxes, condominium or homeowners association fees, if any, 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.  No express or implied warranty is made as to the size of the parcel, and no price adjustment will be made for acreage smaller or larger than what is conveyed by the seller's right, title and interest in the property.  Purchaser assumes the risk of loss from the date of sale forward.  Purchaser agrees to waive any right of rescission under Maryland Homeowners Association and/or Condominium Law, if applicable.  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.  A 4% buyer's premium will be added to the final bid price.