Absolute Auction Over $5,000 "Glen Burnie - Near Stoney Creek" Residential Lot

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Listing Details

Sold Price
$5,000
Auction Date
Auction Time
2:00 PM
Address
Long Cove Road, Lots 28 & 30, Anne Arundel County, MD, 21060
County
Anne Arundel County
Neighborhood
Locust Grove, Glen Burnie, Near Stoney Creek
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To The Highest Bidder Over $5,000

 

GLEN BURNIE
Near Stoney Creek

 

RESIDENTIAL LOT
Zoned R2, Residential

Sale On Premises
West Side
LONG COVE ROAD
Lots 28 & 30, Locust Grove,
AA Co. Plat Liber 13, folio 49
Off Locust Grove Road
Anne Arundel County, MD 21060

THURSDAY, MAY 30, 2013
AT 2:00 P.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 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 & DIRECTIONS:

The property is located in the Locust Grove subdivision of Glen Burnie in northern Anne Arundel County. The location is convenient to the Baltimore Beltway (I-695), which is about 4 miles to the north, and I-97, which is about 6 miles to the west. The Locust Grove subdivision is located on a peninsula bordered by Stoney Creek and Long Cove. Many of the neighborhood homes are waterfront, and feature deep water piers and boats. Long Cove Road is an extension of Locust Grove Road, which runs off Nabbs Creek Road.

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

 

SITE AREA

The property is known as Locust Grove Road, lots 28 & 30, Locust Grove Subdivision, found in Anne Arundel County Plat Liber 13, folio 49.


6,000 square feet, situated along the west side of Locust Cove Road.


The property is level and clear.  Well and septic are believed to be required for development.


According to the Anne Arundel County web site, the property is located in a R2, residential zoning district.
For more information, see the: Anne Arundel County Zoning Code


SUBDIVISION PLAT (pdf)

 

REAL ESTATE TAXES

Anne Arundel County Tax Account District 03, Subdivision 497, No. 08075400
Published annual real estate taxes are $635 for 2012-2013, based on a full value assessment of $32,000.  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://www.dat.state.md.us/sdatweb/appeal.html

 

TITLE

The property is in fee simple and will be sold free and clear of liens.  Deed Liber RPD 23552, folio 245.

 

TERMS OF SALE

A $2,500 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 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 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.  Purchaser acknowledges that the seller makes no warranties of any kind, whether express or implied, including but not limited to the zoning of the property, or with respect to the property's use for any particular purpose.  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, agricultural transfer tax, if any, and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.


No buyer's premium.

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.