Absolute Above $75,000 - "Eastport"

Commercial Condominium Unit
"Severn 100 Condominium"
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Listing Details

Sold Price
$122,000
Auction Date
Auction Time
11:00 AM
Address
100 Severn Avenue - #103, Annapolis, MD, 21403
County
Anne Arundel County
Neighborhood
Eastport, Severn 100 Condominium
Inspection
At 10:00 a.m. on the day of the auction only.
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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ABSOLUTE REAL ESTATE AUCTION 

- To The Highest Bidder Above $75,000 -

EASTPORT
Commercial Condominium Unit

Sale On Premises
100 SEVERN AVENUE - #103
"Severn 100 Condominium"
Annapolis, Maryland 21403

MONDAY, FEBRUARY 23, 2015
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.  ALL DIMENSIONS CONTAINED HEREIN ARE MORE OR LESS.

LOCATION:
The unit is located in Severn 100 Condominium building in the Eastport neighborhood of Annapolis. Eastport is an historic community, and is well known world-wide as a hub of the sailing and boating worlds. The Eastport peninsula is bound by the Chesapeake Bay, Spa Creek and Back Creek, fostering numerous maritime businesses and organizations. The neighborhood features historic sites, well maintained homes, tidy gardens, a well developed community feel along with the convenience of excellent dining, shopping and entertainment all within walking distance. Historic Downtown Annapolis is approximately 6 blocks away.

The building is a 6 story brick elevator building located at the end of the Eastport peninsula, situated at the corner of Severn Avenue and First Street. The building is primarily residential, and contains 43 units with on-site parking. Many of the units have views of the Naval Academy, State House, City Dock, marinas and many other Annapolis area landmarks. Suite 103 is located on the first floor, next to the surface parking lot.

For more information about Eastport and Annapolis, please see:

www.eastportcivic.org
www.themre.org
www.visitannapolis.org
and
www.annapolis.gov

IMPROVEMENT DESCRIPTION:
According to public tax records - the unit contains 730 square feet. Features include a separate exterior entrance. Finishes include carpet, drywall, exposed duct work and glass doors. The unit is arranged for a main working area, conference room, kitchenette and powder room.

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes - $1,749

CONDOMINIUM FEES:
Severn 100 Condominium Fee - $262/month.  The fee includes: common grounds, exterior maintenance, CAM charges, management, snow removal, master insurance policy and reserve funds.

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

ZONING:
WMM - Waterfront Mixed Maritime - City of Annapolis Zoning. For information about the zoning district, potential uses and additional information about City of Annapolis planning and zoning, please visit: http://www.annapolis.gov/government/city-departments/planning-and-zoning

INSPECTION:
At 10:00 a.m. on the day of the auction only.

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 purchase amount does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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, condominium fees, homeowner association dues, 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. Purchaser agrees to waive any right of rescission under Maryland condominium law, if applicable.  The Severn 100 Condominium documents are available for inspection at our office or by email. 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, The Severn 100 Condominium declarations and by-laws, restrictions or covenants of record affecting same, if any. 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 Auctioneer. 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