Absolute Auction To The Highest Bidder! "Maryland's Western Shore - Chesapeake Ranch Estates" 0.21± Acre Residential Lot

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Listing Details

Sold Price
$2,500
Auction Date
Auction Time
12:00 PM
Address
11612 Big Bear Lane, Calvert County, MD, 20657
County
Calvert County
Neighborhood
Lusby, Chesapeake Ranch Estates,
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Chad Edward Cos, Attorney
9303 Philadelphia Road
Baltimore, MD 21237

ABSOLUTE AUCTION
To The Highest Bidder Regardless of Price!
                                                     
CHESAPEAKE RANCH ESTATES

"Maryland's Western Shore"

RESIDENTIAL LOT
0.21± acre  Zoned R-1

Sale On Premises
11612 BIG BEAR LANE
Near Corner of Mesa Trail
Lusby, Calvert County, MD 20657

FRIDAY, OCTOBER 8, 2010
AT 12 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.  All dimensions contained herein are more or less.

LOCATION & DIRECTIONS:

Nice location in Chesapeake Ranch Estates located at the southern tip of Maryland's Western Shore.  Lake Lariat can be accessed from Big Bear Lane providing numerous waterfront activities.  Chesapeake Ranch Estates also borders the Chesapeake Bay to the east with beautiful beaches.  Community amenities include a club house, stables, dock, boat launch, campground and airport.  The community is know for it's abundant fishing, beaches, horseback riding, camping and more.  Golf courses are nearby.

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


For more information on Chesapeake Ranch Estates, visit:
http://www.poacre.org/outside_home.asp

or

http://www.city-data.com/city/Chesapeake-Ranch-Estates-Drum-Point-Maryland.html

 

SITE AREA

The lot is situated across the street from 11610 Big Bear Lane (Lot 69) and adjacent to 11608 Big Bear Lane (Lot 48)


The property is identified in Tax Map 45B, Sub District 01, Subdivision 109, Section 2L, Lot 47, being known and designated as 11612 Big Bear Lane (Tax ID 01-150774).


Lot size - 67' front, 75.68' rear, with depths of 170.75' and 138.36', more or less.


If the lot were developed into a residential home site, it would need a private septic system and to be hooked into the private water system owned by Chesapeake Ranch Water Company (410-326-4122)


Subdivision Plat:

Photos of auction property
SUBDIVISION PLAT - CLOSE-UP    OVERVIEW


Tax Map:

 

ZONING

R1 - Residential.

For more information on the zoning, visit:
http://gcp.esub.net/cgi-bin/om_isapi.dll?clientID=68643&infobase=ca1802.nfo&softpage=Browse_Frame_Pg42

 

REAL ESTATE TAXES

Annual Real Estate Taxes - $555 (based on a full value tax assessment of $58,000).

 

TITLE

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

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $2,500 will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 72 hours at the office of the Auctioneers.  Balance to be paid in cash within 45 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, the existing zoning; 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 Sellers, 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 Sellers 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 Seller or Auctioneer. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.  NO BUYERS PREMIUM!


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)