"Severna Park - Arundel Plaza"

Ranch Home
On 0.5 +/- Acre
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Listing Details

Sold Price
$235,000
Auction Date
Auction Time
2:00 PM
Address
23 Woodland Drive, Severna Park, MD, 21146
County
Anne Arundel County
Neighborhood
Severna Park, Arundel Plaza
Inspection
The property will be open one hour prior to the auction.
Additional Documents
Arundel Plaza Community Association, Inc. Bylaws
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

SEVERNA PARK

"Arundel Plaza"

RANCH HOME
- On 0.5+/- Acre -

- Full Renovation or Demolition Required -

Sale On Premises
23 WOODLAND DRIVE
Off Arundel Beach Road
Anne Arundel County, MD 21146

WEDNESDAY, OCTOBER 19, 2016
AT 2:00 P.M.

- SUGGESTED OPENING BID: $50,000 -

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:
23 Woodland Drive is located in the Arundel Plaza neighborhood in Severna Park. Arundel Plaza is located immediately east of Ritchie Highway, approximately 5 miles south of the intersection of Routes 10 and 100. The neighborhood is water-privileged with access to Cattail Creek, which feeds out to the Magothy River. Water access includes a boat ramp, boat slips and boat racks. Depths at the pier are believed to be approximately 5', according to NOAA nautical charts. The community also features a playground, pavilion, picnic area and other recreational facilities. HOA fees are $100 annually. The HOA fee is optional, but necessary if the homeowners desire access to the waterfront and beach. Additional fees apply to the use of individual slips.

The home has good proximity to employers in the Annapolis, Baltimore and Washington, D.C. areas. I-97, US-50 and Routes 10 and 100 are all within 5-7 miles. There are ample shopping and dining options along Ritchie Highway, including many within walking distance. Area schools are believed to be Folger McKinsey Elementary, Severna Park Middle and Severna Park High, according to aacps.org.

For more information about the area, please visit:
http://www.aacounty.org/
http://www.charts.noaa.gov/
and
http://www.aacps.org/

SITE:
Pie shaped lot comprising 0.50 acre, more or less.

The mostly level and clear lot fronts approximately 58' on Woodland Drive. The rear of the lot is partially wooded.

Asphalt driveway

Attached garage and rear storage building

Public water

Public sewer

Zoned R-5 Residential
For more information, see the Anne Arundel County Zoning code.

IMPROVEMENTS:
Ranch home with basement. The home is in very poor condition, requiring complete renovation or demolition.

Note: The sellers have indicated that the basement has water issues. No formal inspection or engineering report has been done with respect to the foundation.

TAXES:
Published annual real estate taxes are $2,493.04 based on a full value assessment of $186,400. 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

TITLE:
In fee simple; and will be sold free and clear of liens

TERMS OF SALE:
A $10,000 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 within 24 hours 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 contract to date of settlement. All adjustments, including taxes, ground rent, 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 contract 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 contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Purchaser agrees to waive any right of rescission under Maryland Homeowners Association 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.

No Buyer's Premium!