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"Northern Montgomery County - Damascus - Laytonsville Area"

Residential Subdivision
Five - 2+ Acre Building Lots
ONLINE ONLY AUCTION
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Listing Details

BIDDING IS OPEN NOW!
Auction Date
Thursday,
Auction Time
12:00 PM
Auction Note
Known As: Watkins Preserve
Address
23410, 23420, 23430, 23440 & 23450 Woodfield Road, Gaithersburg, MD, 20882
County
Montgomery County
Neighborhood
Northern Montgomery County, Damascus - Laytonsville Area
Terms Of Sale
A $50,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash, cashier's check, or wire transfer, will be required of the purchaser. No Buyer's Premium. When you register for an on-line auction, a "ping" will be placed on your credit card and immediately voided, you will not be charged the deposit amount. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract:
ONLINE ONLY AUCTION

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 ONLINE REAL ESTATE AUCTION 

$625,000 Suggested Opening Bid

NORTHERN MONTGOMERY COUNTY
Damascus - Laytonsville Area

RESIDENTIAL SUBDIVISION:
FIVE - 2+ ACRE BUILDING LOTS

Known As:
"Watkins Preserve"

Comprising:
23410, 23420, 23430, 23440 & 23450
WOODFIELD ROAD
Gaithersburg, Montgomery County, MD 20882

Bidding Opens:
MONDAY, JULY 6, 2020

Bidding Closes:
THURSDAY, JULY 9, 2020
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:
Watkins Preserve comprises 5 remaining residential building lots nestled among the rolling hills of northern Montgomery County. The subdivision sits less than 4 miles south of the center of Damascus, and approximately 5 miles from Laytonsville. The location affords excellent proximity to shopping, dining and major commuter routes while retaining the farm-like feel customary to the area for generations. The lots sit above the Lower Magruder Branch Park, and are bounded on two sides by a Forest Conservation easement. Views from the site include rolling farmland, a few farm buildings, robust tree line surrounding both the Lower Magruder Branch and Great Seneca Creek, and well dispersed home sites.

Germantown, Gaithersburg, Rockville, Washington, D.C and Frederick are all easily accessible from the area. I-270 (exit 16) is just over 6 miles southwest, and I-70 (exit 68) is about 9 miles north. According to the Montgomery County Public Schools school assignment tool, nearby schools are Woodfield Elementary, John T. Baker Middle and Damascus High.

For more information about the area, please visit:
Watkins Preserve - watkinspreserve.com
Montgomery County Government - www.montgomerycountymd.gov
Montgomery County Public Schools - www.montgomeryschoolsmd.org
Damascus, Maryland - en.wikipedia.org

SITE:
The site comprises 5 recorded and platted 2+ acre lots situated on the west side of Woodfield Road. The subdivision is known as Yinger's Addition to Woodfield, Montgomery County Plat number 23618, and has been marketed as Watkins Preserve.

The lots are situated along a private road, each with individual ingress-egress and utility easements. The site is serviced by public water, with taps installed at Woodfield Road, and on-site septic. Septic Letter. According to the recorded subdivision plat, lot 21 is approved for a 4-bedroom house, lots 22-24 are approved for 5-bedroom houses, and lot 25 is approved for a 6-bedroom house. Lot 26 (23400 Woodfield Road), has recently been sold. The site is zoned RE-2.

Please see the plat for further site details:

Individual lot acreage and 2019 tax information are as follows:

Lot Number and Address Acreage Tax Assessment Annual Tax
Lot 21 -
23410 Woodfield Road
2.076 $220,900 $2,474.43
Lot 22 -
23420 Woodfield Road
2.427 $225,500 $2,486.60
Lot 23 -
23430 Woodfield Road
2.107 $221,300 $2,440.28
Lot 24 -
23440 Woodfield Road
2.832 $230,900 $3,034.68
Lot 25 -
23450 Woodfield Road
2.251 $223,300 $2,764.31

TITLE:
The property is in fee simple and sold free and clear of liens.

MANNER OF SALE:
The lots will be sold as an entirety only. No individual offerings will be made. Seller will consider offers in advance of the auction.

SUMMARY TERMS OF SALE - PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $50,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier's check to be delivered to the Auctioneer's office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, July 10, 2020 at 12:00 P.M. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 8% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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 contract 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. 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!