Absolute Auction Above $430,000 "Annapolis - Eastport" Well Located Ranch Home Off Street Parking - 0.23 Acre±

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Listing Details

Sold Price
$510,000
Auction Date
Auction Time
12:00 PM
Address
1 Chester Avenue, Anne Arundel County, MD, 21403
County
Anne Arundel County
Neighborhood
Annapolis, Eastport
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 Above $430,000

 

ANNAPOLIS
★ Eastport ★

 

Charming, Well Located
RANCH HOME
Off Street Parking - 0.23 Acre±

Sale On Premises
1 CHESTER AVENUE
At Horn Point Drive
Anne Arundel County, MD 21403

FRIDAY, MAY 10, 2013
AT 12:00 NOON


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:

1 Chester Avenue is located in the Eastport neighborhood of Annapolis, proximate to the Horn Point subdivision, a short walk from the downtown Annapolis Historic District. Eastport is an historic maritime community, sometimes referred to as the Maritime Republic of Eastport, and is well known world-wide as a fulcrum point of the sailing and general boating communities. The Eastport peninsula is bound by the Chesapeake Bay, Spa Creek and Back Creek, fostering the neighborhood's functionality for boaters, maritime businesses and those who simply love the proximity to the water. The neighborhood features historic sites, well maintained homes, tidy gardens, a well developed community feel along with the convenience of excellent dining, shopping and entertainment all within walking distance.


The home sits at the portion of the Eastport peninsula closest to the Chesapeake Bay. The water is within a block in multiple directions. Nearby homes are a mix of traditional Eastport styles, along with newly constructed and substantially updated homes. The home is about two blocks from both the Eastport Yacht Club and Annapolis Maritime Museum, and is a short 8 blocks from the Spa Creek Bridge (6th Street/Compromise Street) into Downtown Annapolis and the City Dock.


For more information about Eastport, please visit:

http://www.ci.annapolis.md.us/Business/EAMarketing/Eastport.aspx

http://www.eastportcivic.org/

http://www.themre.org/

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

 

SITE AREA

The mostly level lot contains 9,985 square feet, or 0.23 acre, more or less, and features:

  • Masonry 2 car driveway and shale walkways
  • Fenced rear yard
  • Landscaping includes mature trees, shrubs, flower beds and a water feature
  • Shed
  • Public water, sewer and electric are in the property. Natural gas service is in nearby properties.


EXHIBIT PLAT (pdf)


LEGAL DESCRIPTION (pdf)


Aerial Photo:
Photos of auction property


Tax Map:
Photos of auction property

 

IMPROVEMENTS

Bright and sunny ranch home originally built in 1957, has been expanded and updated periodically since the original construction. According to public tax records, the home contains 1,428 square feet of living area on the main floor, and 1,428 square feet of partially finished basement space (basement square footage is likely smaller than the records state). The home features:


Exterior
Cedar siding with scallop shingle detail
Asphalt shingle roof
Double pane, transom and casement windows
Skylight
Rear and side deck with screened porch
Brick chimney


First Floor

  • Foyer - hardwood floors, skylight, porthole and transom windows
  • Living Room (22' x 25') - hardwood floor, open to dining room, brick fireplace (dividing a portion of the living room from dining room), columns
  • Dining Room (15' x 15') - hardwood floors
  • Guest Bedroom or Office (12' x 9') - hardwood floors, French doors
  • Eat-in Kitchen (19' x 9') - ceramic tile floor, cabinets with updated hardware, small pantry  and walk-out to deck
  • Hallway - wood floor, multiple closets and storage
  • Bathroom - ceramic tile floor, deep soaking tub with shower, vanity
  • Master Bedroom (23' x 10') - hardwood floor, walkout to screened porch and deck


Lower Level

  • Family Room (18' x 13') - 12" ceramic tile floor
  • Powder Room - 12" ceramic tile floor
  • Storage Closet - concrete floor
  • Work Shop and Laundry Area - concrete floor, metal utility sink, washer and dryer
  • Utility Room - concrete floor


Storage Attic
Pull down access attic with partial flooring is suitable, and has been used for storage


Mechanical
Oil fired, hot water baseboard heat
Central air conditioning
Tankless water heater

 

REAL ESTATE TAXES

Published real estate taxes for 2012-13 were $8,943, based on a full value tax assessment of $650,700.  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.  Anne Arundel County Deed Liber RPD 14093, page 151, et seq.

 

INSPECTION TIME

One hour prior to the time of sale

 

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 by 12:00 P.M., Monday, May 13, 2013, at the Auctioneer’s office.  Balance to be paid in cash at settlement, which shall take place 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. 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 settlement 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;  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. 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No buyer's premium

 

FINANCING

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