ESTATE AUCTION
- MD Eastern Shore -

KENT ISLAND
WATERFRONT PROPERTY
Fronting 60' On Cox's Creek

3 Bedroom Rancher
Suitable for Immediate Use or
Redevelopment Opportunity

100' Pier With Lift Rip-Rap Bulkhead

Photos of auction property
HOUSE     VIEW FROM PIER     REAR VIEW

Sale On Premises
1745 HARBOR DRIVE
"Harborview", Queen Anne's County 21619

FRIDAY, OCTOBER 5, 2007
AT 12 NOON
(Inspection 11:00 a.m.)

       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 is more or less.

LOCATION:

1745 Harbor Drive is located in the "Harborview" neighborhood, about 3.5 miles east of the Bay Bridge and 3 miles west of Kent Narrows. Harborview is situated along the east side of Cox's Creek, leading south to the Eastern Bay and west to the Chesapeake Bay. Cox's Creek is a protected harbor with good water depth and commanding vistas. The site is just south of US Routes 50/301, leading from Washington, DC, Baltimore and Annapolis to the Eastern Shore. Recently constructed shopping centers, office buildings, new and existing restaurants, marinas and Chesapeake Outlet Center are all nearby. Washington and Baltimore are less than one hours drive, Annapolis is fifteen minutes away.

Photos of auction property
COX'S CREEK - VIEW #1     COX'S CREEK - VIEW #2     STREET SCENE

Directions - US 50/301 Exit 39A - Cox Neck Road south one block to Harbor Drive. Turn right on Harbor Drive to property.
Location Map

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

SITE:

0.33 acre, nearly rectangular, level lot
Fronting 60' on Cox's Creek by 240' deep
Approximately 3.5' water depth at mean low tide
Rip-rap bulkhead
100' pier with electric, water and boat lift
Asphalt driveway leading to two-car garage
Nice water view
Private well
Public sewer
Mature trees
Great crabbing off the pier!

Photos of auction property
PIER      BULKHEAD

SUBDIVISION PLAT

HOME:

Brick and vinyl siding rancher
Originally constructed in 1959, expanded and remodeled

Exterior
Vinyl double-hung replacement windows
Composition shingle roof with aluminum rain gutters and downspouts
2 - small wooden decks
Two-car attached garage
Photo of

Interior - ceiling fans and carpeting throughout
Foyer 8' x 5'
Living Room 24' x 16' wood stove
Photos of auction property
LIVING ROOM    VIEW TO SUNROOM
Formal Dining Room 16' x 11'
Photo of
Eat-in Kitchen 17' x 12' work island with range, dishwasher, wall oven, wooden cabinets, laundry with stacking washer/dryer and utility sink
Photo of
Master Bedroom
Master Bath
23' x 15' walk-in closet 8' x 8'
shower stall
Photos of auction property
MASTER BEDROOM     MASTER BATH
Bedroom #2 13' x 11' walk-in cedar closet
Photo of
Bedroom #3 11' x 9' closet
Photo of
Full Hall Bath
Photo of
Four-Season Sun Room with water views
Photo of

Mechanical
Electric baseboard heat and heat pump
Central air conditioning
200 ampere electrical service
Electric water heater

Auctioneers Note - The home needs some updating and cosmetic repairs. The house is certainly usable "as is", suitable for renovation and expansion, or could be removed for the reuse of a spectacular waterfront home site.

TAXES:

2007 real estate taxes $3,300.55

TITLE:

In fee simple. The property is sold free and clear of all liens. Deed Liber CWC 143, folio 635.

ZONING:

NC-15, one home site

TERMS OF SALE:

A $25,000 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 within 45 days. If payment of the 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 sale to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on an 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. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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. Time is of the essence.

NO BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM

Auction by order of:
Estate of William C. Geist, Sr.