W. Matt O'Connell, Attorney
Vienna, VA 22182

ATTORNEY'S AUCTION

SEVERNA PARK
"Cape Arthur"

BRICK & STONE RANCHER

Water Privileged Community With
Private Beach, Pier & Playground

Photos of auction property
HOUSE      BEACH      PIER      TENNIS COURTS      PLAYGROUND

Sale On Premises
50 SUNSET DRIVE
Ritchie Highway (MD-2) to Arundel Beach Road
(at Severna Park Mall), turn east to Sunset Drive

Anne Arundel County, MD 21146

TUESDAY, JUNE 5, 2007
AT 2:00 P.M.

Inspection 1:00 P.M. or By Appointment

LOCATION:

"Cape Arthur" is located east of Ritchie Highway along the western shore of the Magothy River and north shore of Cypress Creek in central Anne Arundel County. The well established tree-lined neighborhood features large and small custom homes on landscaped lots. Cape Arthur has an exceptional private beach for the use of neighborhood residents, who pay a voluntary annual fee of approximately $130. The beach area features parking, and a community pier with slip rental; additional playground and tennis court.

Excellent highways link the area to employment centers in Annapolis, Washington and Baltimore. Several shopping malls are located less than one-half mile west along Ritchie Highway. According to the Anne Arundel County Public Schools' web site, neighborhood public schools are Folger McKinsey Elementary, Severna Park Middle and Severna Park Senior High.

Severna Park Profile -
http://www.city-data.com/city/Severna-Park-Maryland.html

LOCATION MAP

SITE:

The property, known as Lot 227, Section 4, Cape Arthur, is approximately 100' x 140', comprising 0.32 acre. Dimensions, square footage and acreage contained on this web page are more or less. The home site is slightly above street grade, landscaped and has asphalt driveway parking for at least six cars. The rear yard is fenced and has a storage shed.

SUBDIVISION PLAT

HOME:

Stone and shingle rancher, constructed in 1956 with updates, has a composition shingle roof, aluminum rain gutters, brick chimney and covered concrete patio. Dimensions shown below are approximate:

Upper Level
Living Room - 23' x 14' - hardwood floor, brick fireplace
Photo of
Dining Room - 12' x 12' - hardwood floor, bay window
Photo of
Kitchen - 14' x 10' - vinyl floor, stainless steel Kitchen Aid refrigerator/freezer, range/oven, exhaust hood, dishwasher
Photo of
Master Bedroom - 14' x 10' - hardwood floor
Photo of
Bedroom #2 - 12' x 12' - hardwood floor
Photo of
Bedroom #3 - 11' x 12' - hardwood floor
Photo of
Updated Ceramic Tile Bath
Photo of
Sun Room - vinyl floor, sliding doors to the patio
Photo of
Lower Level
Recreation Room - 34' x 24' - vinyl floor, paneling and drywall
Photo of
Half-Bath
Laundry Room -11' x 13' - washer and dryer
Utility Room - 13' x 12'
Storage Room - 14' x 12'
Mechanical
Trane gas forced hot air heat and central air conditioning
40-gallon gas water heater
200-ampere electrical service


TITLE:

In fee simple. Deed Liber 11218, folio 86, saving and excepting therefrom the second parcel described in "Exhibit A - Legal Description" comprising 159 square feet of land. The property is sold free and clear of liens.

Photo of

TERMS OF SALE:

A $20,000 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