★ ABSOLUTE ESTATE AUCTION ★
To The Highest Bidder Above $500,000!
ANNAPOLIS - BEMBE BEACH
"On The Chesapeake Bay"
Central Air ◆ Fireplace ◆ Sandy Beach ◆ Pier
- And -
Sale On Premises
7041 BAY FRONT DRIVE
Just South of "Eastport"
Off Bembe Beach Road
Anne Arundel County, MD 21403
THURSDAY, JUNE 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.
Bembe Beach (a/k/a Bembe Shores) is a scenic water-oriented community, situated just south of Eastport and only minutes from the Annapolis town center via vehicle or boat. The community is located just west of Bay Ridge Rd. (becomes Forest Drive). The home has a great waterfront view of the Chesapeake Bay Bridge and fronts on the Chesapeake Bay. Community houses vary greatly in age, size and architectural design. Neighboring waterfront homes range from summer bungalows to newly constructed luxury estate homes. Nearby are numerous restaurants, shopping centers and specialty shops and work centers. Highway access to US-50 & I-97 is less than 7 miles to the north via Forest Drive (becomes MD-665). Local public schools are Georgetown East Elementary School, Annapolis Middle School and Annapolis High School.
NEIGHBORING HOMES - PHOTO #1 PHOTO #2 PHOTO #3
For more information on Annapolis, visit:
For directions from your location, visit: maps.google.com
Note: Bay Front Drive is a private road which is reportedly maintained by property owners along the street.
The lot fronts 52.35' along the shoreline of the Chesapeake Bay with depth lines of 249.2' and 277.41' and a road frontage of 46.1' along Bay Front Drive, comprising approximately 0.32 acre of land
LOCATION SURVEY (pdf)
Sandy beach with riparian rights
106' Pier with electric boat lift, water and electric (3-5 years old)
Concrete block seawall
Public water and public sewer
Extensive landscaping with mature trees and shrubs
As shown on FEMA flood map panel no. 2400080039C, the improved portion of the lot appears to be in a Zone C, minimal flood hazard area, beyond the 100-year flood plain.
Well maintained one story wood sided rancher constructed in 1989.
Cedar clapboard siding
Wood double-glazed casement and double-hung windows
Composition shingle roof with aluminum rain spouts
Covered porch (street side)
Random pine flooring throughout
Crawl Space and Scuttle Attic
Central air conditioning (5-7 years old)
Wired for cable television
R5 - residential
Annual Real Estate Taxes - $8,985 (based on a full value tax assessment of $713,540). 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 SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html.
In fee simple; sold free and clear of all liens
By appointment or 10:00 a.m. on the day of the auction.
To be sold as an entirety only
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Real Estate - Deposit payable by certified or cashier's check of $25,000 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 office of the Auctioneers. Balance to be paid in cash within 45 days. 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 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 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 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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. Personal Property - To be sold as an entirety only. Cash or certified funds and immediate removal required, pursuant to announcement at the time of sale.
NO BUYERS PREMIUM!
Auction by order of the Personal Representative of the
Estate of John C. Stevens, Sr.
Online pre-registration is now closed. Please register with the Auctioneer at the auction site.
Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf).
The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Wednesday, June 6, 2012.
Call for pre-qualification and financing options:
Mr. Craig Kessler
Freedmont Mortgage Funding
50 Scott Adam Road
Hunt Valley, Maryland 21030
For a list of additional auction-oriented lenders, see our Financing Page.
For all other information please call 410-296-8440
OR EMAIL email@example.com