Absolute Estate Auction Above $299,000 "Annapolis" Large Brick Rancher on 6.587 Acres±

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Listing Details

Sold Price
$400,000
Auction Date
Auction Time
11:00 AM
Address
562 Ferry Point Road, Anne Arundel County, MD, 21403
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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★ABSOLUTE★
ESTATE AUCTION

To The Highest Bidder Above $299,000
                      
ANNAPOLIS

LARGE BRICK RANCHER
On 6.587 Acres±

Sale On Premises
562 FERRY POINT ROAD
At Spa Road, Anne Arundel County, MD 21403

WEDNESDAY, NOVEMBER 7, 2012
AT 11:00 A.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:

562 Ferry Point Road is located off Spa Road, south of Forest Drive (MD-665).  The surrounding area is occupied by a variety of custom homes on large lots.  Nearby public schools are Hillsmere Elementary, Annapolis Middle and Annapolis High.  Though located in a very private setting, the home is convenient to Downtown Annapolis, I-97, and regional and local shopping.

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

 

SITE AREA

6.587 acres

Clear home site surrounded by mature woods

Private drive leading from Ferry Point Road

Private well and septic


SURVEY (pdf)


Photos of auction property


Zoning - RLD - Residential Low Density /RCA - According to the Anne Arundel County web site, this District is generally intended for low-density rural single-family detached residential development at a subdivision density of 1 dwelling unit per 5 acres and a minimum lot area of 40,000 square feet.  Maximum lot coverage by structures is 25%. Maximum height is 45 feet.  RCAs are limited to one dwelling unit per 20 acres, agricultural and forest uses and resource utilization according to the permitted use list.

 

IMPROVEMENTS

Brick Ranch Home, constructed in 1961.  The house is believed to have been constructed by Captain Morris Gilmor (USNA Class 1911, World War I hero, Lacrosse Hall of Fame, USNA Athletic Director) and has been occupied by the selling party since 1982.  The home is believed to contain  approximately 3,300 square feet of living area and 1,250 square feet of basement space.


Exterior
All brick facade
Composition shingle roof
Wood casement and double hung windows
Asphalt driveway with parking areas
Flagstone front patio


First Floor

  • Foyer - ceramic tile
  • Living Room/Dining Room combination - carpeting - brick fireplace
  • Family Room - slate floor, brick wall paneling
  • Eat-in Kitchen - ceramic tile floor, no cabinets or appliances
  • Sun Room - terra cotta tile floor
  • Master Bedroom - wood floor
  • En-Suite Master Bath - ceramic tile floor
  • Bedroom #2 - wood floor
  • Bedroom #3 - carpeting over wood floor
  • Full Ceramic Tile Bathroom #2
  • Two-Room Suite (could be Bedroom #4) - vinyl floor, brick and paneled walls
  • Bathroom #3 with shower stall


Lower Level

  • Recreation Room with vinyl floor and fireplace
  • Laundry/Utility Room - washer and dryer, sink, flush, vinyl floor
  • Work Shop - vinyl floor


Mechanical
Oil hot water baseboard heat

 

REAL ESTATE TAXES

Published real estate taxes for 2012 were $6,523, based on a full value tax assessment of $553,900.  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 3508, page 130.

DEED (pdf)

 

INSPECTION TIME

One hour prior to the time of sale or by appointment with the Auctioneers - phone 410-296-8440 or email info@ajbillig.com.

 

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 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. 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 settlement 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No buyer's premium


Auction by order of the Personal Representative of the Estate of Alfred A. Wolf 

 

FINANCING

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