PUBLIC AUCTION
Developer Liquidation!
a/k/a
"Potomac Run At Muddy Branch"
- Newly Subdivided -
EQUESTRIAN ESTATE
6.68± Ac 
Fenced Paddocks Stable
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CUSTOM BRICK RANCHER
5 Bedrooms 4 Full/2 Half Baths 3 Car Garage
& 2 - SPECTACULAR HOME SITES 2.2+ Acres Each With Wells |
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Sale On Premises
14115 TURKEY FOOT ROAD
Off 13500 Travilah Road
MONTGOMERY CO., MD 20878
THURSDAY, NOVEMBER 15, 2007
AT 12:00 NOON
NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the properties and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.
GENERAL INFORMATION| LOCATION: |
Great location bordering Muddy Branch Park amid million to multi-million dollar homes in the Wootton School district! The properties are situated in a quiet prestigious area of Montgomery County consisting primarily of luxury homes and small horse farms. The site is just minutes from Potomac Village, Rockville and Gaithersburg with easy access to I-270, just several miles to the east. Shopping and the Metrorail stations are also in close proximity. In addition to Muddy Branch Park, Blockhouse Point Park and the Potomac River are both less than 2 miles to the south.
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| PUBLIC SCHOOLS: |
Travilah Elementary School
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14115 TURKEY FOOT ROAD (LOT 27)
Existing Custom Brick Rancher
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| SITE: |
2.02298 acres, situated in the center of Lots 26 and 28 (residential home sites).
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| ZONING: |
RE2, residential
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| IMPROVEMENT DESCRIPTION: |
Well constructed raised custom brick rancher features expansive rooms, 3 fireplaces, gourmet kitchen, numerous closets, 2-zone oil forced hot air furnaces and 2-zone central air conditioning system, two - 200 ampere electrical boxes, recently installed Amtrol water treatment system, wood shake shingle roof, 2 flagstone patios, deck with hot tub and more.
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| ANNUAL REAL ESTATE TAXES: |
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| TITLE: |
In fee simple; sold free and clear of all liens
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| DEPOSIT: |
$25,000
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14111 TURKEY FOOT ROAD (LOT 28) Rear Residential Home Site  SITE VIEW PROPOSED HOME |
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| SITE: |
Beautiful rolling home site that backs up to park area with wonderful views! The lot is cleared, with a rolling topography and comprises 2.41370 acres, more or less.
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| ANNUAL REAL ESTATE TAXES: |
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| ZONING: |
RE2, residential
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IMPROVEMENT
DESCRIPTION: |
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| TITLE: |
In fee simple; sold free and clear of all liens
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| DEPOSIT: |
$25,000
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14119 TURKEY FOOT ROAD (LOT 26) Front Residential Home Site  SITE PHOTO #1 SITE PHOTO #2 VIEW FROM SITE PROPOSED HOME |
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| SITE: |
Spectacular home site with great views! The lot is cleared, with a rolling topography and comprises 2.24979 acres, more or less.
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| ANNUAL REAL ESTATE TAXES: |
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| ZONING: |
RE2, residential
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IMPROVEMENT
DESCRIPTION: |
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| TITLE: |
In fee simple; sold free and clear of all liens
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| DEPOSIT: |
$25,000
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TERMS OF SALE
Deposits payable by certified or cashier's check of $25,000 for each property, or $75,000 as an entirety, will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days (must occur on or before December 31, 2007). If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. 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 properties 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 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 properties, 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law for the home at 14115 Turkey Foot Road. 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!
ADDITIONAL INFORMATION
| INSPECTION: |
10:30 a.m. on the day of the auction
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BROKER
PARTICIPATION: |
2% of the gross selling price
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COVENANTS AND
RESTRICTIONS: |
Joint Declaration of Reciprocal Easements and Covenants (17 pages - 656 KB)
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| REFORESTATION: |
The seller, at their expense, will complete all of the reforestation requirements necessary for the subdivision, including bonding, installation, warranty and final inspection.
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