"Annapolis - South River - Cape St. John" Waterfront Bungalow fronting 105' along Boyd's Cove

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Listing Details

Sold Price
$527,500
Auction Date
Auction Time
2:00 PM
Address
2987 Friends Road, Anne Arundel County, MD, 21401
County
Anne Arundel County
Neighborhood
Annapolis, South River,
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Jeffrey E. Nusinov, Attorney
Fisher & Winner, LLP
2002 Clipper Park Road - Suite 108
Baltimore, MD 21211

ESTATE AUCTION
                                              
ANNAPOLIS - SOUTH RIVER

"Cape St. John"

WATERFRONT BUNGALOW
 Suitable for Renovation or Redevelopment  
0.44 Acre±  Fronting 105' Along Boyd's Cove

Sale On Premises
2987 FRIENDS ROAD
Riva Road to Cape St. John Road east to Friends Road
Anne Arundel County, MD 21401

THURSDAY, SEPTEMBER 16, 2010
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:

Cape St. John is a scenic water-oriented community, situated off Riva Road about two miles west of Downtown Annapolis.  Located along the north bank of South River, the community is comprised of a mixture of detached housing types and styles.  US-50 and I-97 are within a five minute drive, yet Cape St. John exudes a quiet respite from the pressures of a fast paced life.

Photos of auction property
STREET SCENE    ADJACENT HOME #1    ADJACENT HOME #2
NEARBY HOME #1    NEARBY HOME #2   
NEARBY HOME #3    NEARBY HOME #4

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


The community has a non-mandatory homeowners association, with a beach, boat ramp and playground.  Cape St. John is accessible by power or sailboat.  Many waterfront property owners have private piers.  As per the accompanying NOAA tide chart, the water depth in Boyd's Cove appears to be approximately 5' at mean low tide.


NOAA Tide Chart:


Anne Arundel Public Schools web site indicates nearby public schools are Parole Elementary, Bates Middle and Annapolis High.

 

SITE AREA

The lot is level and situated above sea level.  The property fronts 105' along Boyd's Cove with depths of 290' and 235' and a frontage of 65' along Friends Road.  The lot comprises approximately 0.44 acre of land.  Access is by a private driveway, a portion of which is shared by the adjoining property owner.  The property has riparian rights.


Zoning R-2, residential


Public water and sewer are in the property.


As shown on FEMA flood map panel no. 2400080038C, the improved portion of the lot appears to be in a Zone C, minimal flood hazard area, beyond the 100-year flood plain.


Four-car asphalt parking area


Mature trees and shrubs


Pilings from a former pier

 

IMPROVEMENTS

One story wood siding and masonry bungalow - according to public tax records, the home was constructed in 1948 and contains 768 square feet of living area above grade, a 220 square foot attached garage and 768 square feet of basement space.

Photos of auction property
AERIAL PHOTO    HOUSE (street side) PHOTO #1    PHOTO #2   
HOUSE (water side)    YARD & WATER VIEW


Exterior

Attached one-car garage

Wood casement windows

Asphalt shingle roof, aluminum rain gutters

Concrete block foundation


Interior

  • Living Room - carpeting, water view, brick fireplace
    Photos of auction property
    LIVING ROOM - PHOTO #2    PHOTO #2
     
  • Kitchen - built-in dining booth, water view, vinyl floor, metal cabinets, electric range/oven, refrigerator

     
  • Bedroom - carpeting

     
  • Full Bath - ceramic/ceramic
     
  • Basement - part full height, part crawl space, outside exit, washer and dryer, sump pump, wood-burning stove
      
  • Mechanical - electric heat pump (forced air) and central air conditioning, 150 ampere electrical service, 40-gallon electric water heater
     

The home is functional, but dated.  It may be suitable for expansion or redevelopment.

 

REAL ESTATE TAXES

Tax Account No. 2-154-03200400

Tax Map 50, Grid 23, Parcel 237, Lot 31


2010 Real Estate Assessment -

Land
Improvements

$ 768,630
      50,760

TOTAL

$ 819,590

Based on the current assessment, annual real estate taxes are projected to be $8,097.55.  The current assessment may be available for reduction based on the sales price of the property and supporting data.

 

TITLE

The property is in fee simple and will be sold free and clear of liens.  Deed Liber 5860, Page 423.


DEED (pdf) - with metes and bounds description

 

INSPECTION TIME

One hour prior to the time of sale.  The exterior may be inspected at any time without an appointment.

 

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 within 24 hours at the Auctioneer's office.  Balance to be paid in cash 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. 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 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.  Time is of the essence.


No buyer's premium.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)


Auction by order of the Personal Representative of the
Estate of Mary G. Kalamakis

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
craig@greatloanofficer.com