"Annapolis" Prime Commercial Development Parcel Zoned PM - Professional Mixed Office

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Listing Details

Sold Price
$98,000
Auction Date
Auction Time
11:00 AM
Address
1006 West Street (MD-450), Anne Arundel County, MD, 21401
County
Anne Arundel County
Neighborhood
Annapolis
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, MD 21117

SUBSTITUTE TRUSTEES' SALE
                      
ANNAPOLIS

PRIME COMMERCIAL
★ DEVELOPMENT PARCEL ★
Zoned PM - Professional Mixed Office

Sale On Premises
1006 WEST STREET (MD-450)
2 Blocks West of Spa Road
Anne Arundel County, MD 21401

TUESDAY, OCTOBER 15, 2013
AT 11:00 A.M.

For directions from your location, visit: maps.google.com


      Under and by virtue of the power of sale contained in a certain Indemnity Deed of Trust from The West Street Partnership to Trustees, dated July 13, 2007 and recorded among the Land Records of Anne Arundel County, Md., in Liber 19308, Folio 387,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz and Eric A. Hartlaub as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustees will sell at Public Auction the following:


      All that fee simple parcel of ground situate and lying in Anne Arundel County, Maryland and being more fully described in the aforementioned Indemnity Deed of Trust.


      The property is located just two blocks west of Spa Road and minutes from Downtown Annapolis with very high street visibility.  The site measures 40' x 140', more or less (tax records indicate the lot comprises 6,000 square feet, more or less.)  Zoned: PM.  Public water and sewer are available to the lot.


      SUBDIVISION PLAT (pdf)


      The information pertaining to the improvements and zoning has been obtained from sources deemed reliable, but no warranty is made as to the accuracy of this information.


      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.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Anne Arundel County at the offices of the Substitute Trustees.  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 stated in the foreclosed Deed of Trust Note, from date of sale to date of settlement.  All adjustments as of date of sale.  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, as well as the existing zoning; and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, 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 Substitute Trustees are 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 Substitute Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyer's Premium.


Ronald B. Katz,
Eric A. Hartlaub, Substitute Trustees