PUBLIC AUCTION
- Eastern Shore, MD -


"ST. MICHAELS"

Outstanding
WATERFRONT INN
Facing St. Michaels Harbor

PierBulkheadFenced Parking Area


FRONT OF INN      FRONT ENTRY      2ND FLOOR PORCH
VIEW FROM PORCH      VIEW OF INN (from the harbor)      AERIAL PHOTO

Sale On Premises
202 CHERRY STREET
Off 200 Block of Talbot Street
TALBOT COUNTY, MD 21663

MONDAY, NOVEMBER 21, 2005
AT 12:00 NOON


       NOTE: 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. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

St. Michaels is Maryland's eastern shore premier location. Situated just off the Miles River, this quaint vacation paradise is located approximately 90 minutes southeast of Baltimore and Washington, 12 miles west of Easton. St. Michaels is an historic town with galleries, boutiques, fine dining, museums and waterfront activities. The following is quoted from Yahoo Travel Guide:

"A contender for prettiest harbor on the Chesapeake Bay, tiny ST MICHAELS, twelve miles west of US-50 on Hwy-33, is also one of its oldest ports. Founded during the mid-1600s, it grew into one of colonial America's prime shipbuilding centers, and its fast sloops and shallow-draft "bugeyes" evaded British blockades during the Revolutionary War. St Michaels languished while Baltimore blossomed, but since the early 1960s it has been rediscovered, its old buildings now gentrified into art galleries, boutiques and cozy B&Bs. Some corners of the town survive intact, however; among them the old town green, St Mary's Square, a block off the main Talbot Street on Mulberry Street. To get a clear sense of the history of Chesapeake Bay, head north along the docks to the extensive and modern Chesapeake Bay Maritime Museum (daily March–May & Oct–Nov 9am–5pm; June–Sept 9am–6pm; Dec–Feb 9am–4pm; $7.50). This focuses on the restored Hooper Strait Lighthouse, at the foot of which float several Chesapeake Bay sailboats – designed to make the most of the bay's shallow waters. Nearby, some two hundred other boats include a Native American dugout canoe, while in the museum workshop skilled artisans and legions of volunteers restore and maintain historic boats using painstaking traditional techniques. If you left your boat at home and want to get out on the bay, Patriot Cruises (tel 410/745-3100) run one-hour excursions for $10 while other companies operate shorter (and cheaper) trips. Among St Michaels' revered seafood restaurants, the Crab Claw (tel 410/745-2900; March to mid-Dec) occupies a prime chunk of the waterfront alongside the Maritime Museum and boasts an extensive menu."

For more information on St. Michaels, visit:
http://www.stmichaelsmd.org/

For additional information on the Hambleton Inn, visit:
http://hambletoninn.com/tour.htm

LOCATION MAP & DIRECTIONS

SITE:

Great waterfront lot fronting 65.86 feet on St. Michaels Harbor, 144.82 feet on Cherry Street, with a rear lot line of 75.36 feet and an additional depth line of 160.75 feet, comprising 11,236 square feet or 0.26 acre, all more or less.

LOCATION SURVEY

Beautiful landscaping with ornate gardens, brick walkways, waterfront deck area, white picket fence


32' Pier


66' Bulkhead


The site is situated at the foot of "Honeymoon Bridge" (a/k/a "Sweetheart Bridge") which joins Navy Point to Cherry Street. It is the only remaining bridge of three, that at one time connected the town with outlying areas around the harbor. This bridge leads to Hollin's Park, the Chesapeake Bay Maritime Museum and the famous Crab Claw restaurant.


The mansion is serviced by public water and sewer.

Fenced crushed stone 7 car parking area.


CONSTRUCTION:

Quality built wood clapboard sided two and one-half story mansion, circa 1860. A deluxe owner's wing was constructed in 1998. The mansion features: random pine flooring, 4 working fireplaces, gourmet commercial kitchen, double glazed replacement windows, large covered waterfront porches on the first and second floors. All guest rooms and most other rooms have great water views.

MECHANICAL:

Two zoned heatpump system and oil fired hot water baseboard heat
Two zoned central air conditioning system (Owner's wing and dining room)
Wet sprinklered fire prevention system
Fire alarm system

ANNUAL REAL
PROPERTY TAXES:


$9,841

TITLE:

In fee simple; sold free and clear of all liens.

INSPECTION:

Prior to the day of Auction - by appointment only - Contact the Auctioneers
On the day of Auction - 10:30 a.m.

INTERIOR DESCRIPTION
FIRST LEVEL:

Entry Foyer

Enclosed room with brick flooring

Dining Room

(17' x 14') - Brick fireplace and random pine flooring, water view


Gourmet Kitchen

(27' x 15') - Quantity of cabinetry, Corian countertops, cooking island, breakfast area, brick fireplace, Red Oak (2/3") hardwood floors, water view

Appliances include: Thermador commercial range/grill and Thermador Professional stainless steel hood, Frigidaire wall oven, Panasonic built-in microwave oven, KitchenAid double wall oven, Marvel ice maker, Amana refrigerator/freezer, 2 - Asko (Sweden) commercial grade dishwashers, garbage disposal


KITCHEN      FIREPLACE

Laundry Room

2 washers and 2 dryers; built-in cabinetry; walk-in pantry; Red Oak (2/3") hardwood floors


Guest Room

(17' x 12') brick fireplace, wall-to-wall carpeting, shower room, commode room, water view

GUEST ROOM     FIREPLACE

Guest Room

(17' x 13') wall-to-wall carpeting and private bathroom, water view


SECOND FLOOR:

Owner's Suite

Living Room - (17' x 14') vaulted ceiling with picture windows spectacular water views of the St. Michaels Harbor, mantled fireplace, Red Oak (2/3") hardwood floors

LIVING ROOM     FIREPLACE

Master Bedroom - (22' x 18') wall to wall carpeting


Master Bathroom - (12' x 8')

Additional Bedroom - (12' x 9')

Hall Bathroom

Guest Room

(17' x 12') wall-to-wall carpeting and bathroom area, water view


Guest Room

(17' x 13') wall-to-wall carpeting and private bathroom, water view

THIRD FLOOR:

Guest Room

(14' x 13') wall-to-wall carpeting, water view

Bathroom/
Dressing Room


(12' x 7') wall-to-wall carpeting, water view

FLOOR PLANS




TERMS OF SALE

       Deposit payable by certified or cashier's check of $100,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 60 days. If payment of the balance 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 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 Seller, the 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 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. Cost of all recordation and transfer taxes to be paid by the purchaser. A 5% Buyers Premium will be added to the final bid price. TIME IS OF THE ESSENCE.

Broker Participation is invited.
Click here for the registration form.