"Salisbury - Park Manor"

Vinyl Sided Rancher
3 Bedrooms & 2 Baths
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Listing Details

Sold Price
$84,240
Auction Date
Auction Time
11:45 AM
Address
500 Regency Drive, Salisbury, MD, 21804
County
Wicomico County
Neighborhood
Salisbury, Park Manor
Inspection
The property will be open for viewing approximately 30 minutes prior to the time of sale. The property is also available to inspect prior to the auction. Please click the link below to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
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
$35,000 Suggested Opening Bid

SALISBURY

"Park Manor"

3 Bedroom ◆ 2 Bath
VINYL SIDING RANCHER

Sale On Premises
500 REGENCY DRIVE
Corner Schumaker Drive
Salisbury, MD 21804

FRIDAY, APRIL 29, 2016
AT 11:45 A.M.

    One story vinyl siding ranch-style home - according to published tax records, the home was built in 1994 and contains 1,100 square feet of living area.  The house is believed to contain a living room, dining room, kitchen, 3 bedrooms, 2 baths, pull-down attic stairs, electric heat pump and central air conditioning, driveway, public water and sewer, lot size 102' x 117', 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 $1,222.08 based on a full value assessment of $114,900.  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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

    TERMS OF SALE:  A $3,500 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, May 2,  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.  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.