"Stoney Creek" Waterfront Home 0.27 Acre Lot - House Needs Renovation

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Listing Details

Sold Price
$110,000
Auction Date
Auction Time
11:00 AM
Address
8043 Stone Haven Drive, Anne Arundel County, MD, 21060
County
Anne Arundel County
Neighborhood
Stoney Creek, Stone Haven, Glen Burnie
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Cohen and Forman, LLC, Solicitors
334 St. Paul Place
Baltimore, MD 21202

ASSIGNEES' AUCTION
                                        
 STONEY CREEK
 WATERFRONT HOME 

House Needs Renovation  0.27 Acre± Lot

Sale On Premises
8043 STONE HAVEN DRIVE
Solley Road to Opel Road east to Stone Haven Drive
"Stone Haven", Glen Burnie, MD 21060

TUESDAY, APRIL 24, 2012
AT 11:00 A.M.

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


        Under and by virtue of the power of sale contained in a certain Purchase Money Mortgage from Ryan Carroll and Kelly Carroll, dated July 1, 2008, and recorded among the Land Records of Anne Arundel County, in Liber 20395, Page 86, said Mortgage having been assigned to David H. Cohen and W. Scott Tinney for foreclosure purposes, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Assignees will sell at Public Auction, on the premises, the following:


        All that fee simple lot of ground and the improvements thereon, situate and lying in Anne Arundel County, State of Maryland and being more fully described as follows:


        BEING KNOWN AND DESIGNATED as Lot No. 5, Block H, Section 3, as shown on the Plat entitled, “PLAT NO. 1, STONE HAVEN”, which Plat is recorded among the Land Records of Anne Arundel County in Plat Book No. 21, folio 50.


        The property fronts approximately 84' on Nanny's Cove, off Stoney Creek, by a depth of approximately 150', comprising approximately 0.27 acre of land; dimensions and acreage contained herein are more or less.


NOAA depth chart


        SUBDIVISION PLAT (pdf)


        The improvements are believed to comprise a frame rancher reported to be in shell condition. According to public tax records, the home was built in 1950 and contains 1,008 square feet of living area.


        TERMS OF SALE: A $10,000 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. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Anne Arundel County at the Assignees' office. 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 stated in the foreclosed Mortgage, from date of sale to date of settlement. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of sale. 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; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Assignees, the holder of the indebtedness, 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 Assignees 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 Assignees, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.


No Buyers Premium


David H. Cohen and W. Scott Tinney, Assignees


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