34.32 Acres of Valuable Real Estate with Home
Saturday, 13 Nov, 2004 11:00 AM Selling for Sadie Bennett
Mardela, Maryland Terms: See Below
Real Estate  

Location: From Rt. 50 in Mardela, MD turn right onto Riverton Road at Shore Paper Box Co. and travel approx. 2 miles. Turn left on Old Bradley Road and travel approx. ¼ mile. Property will be on right. (Signs Posted)

Parcel I: This parcel consists of approx. 1.8 acres of land more or less which is improved with a 1 – story ranch home w/vinyl siding and consisting of the following: 3 bedrooms, bathroom, living room, den, kitchen w/dinette area, utility room, & screened back porch. The home has oil heat. This parcel also is improved with a 30’x60’ metal shed w/cement floor, sliding doors on the front & roll-up doors on both ends.

Parcel II: This parcel consists of approx. 32.52 acres of land more or less of cut-over timberland with approx. 891 feet of road frontage. This property is excellent for deer hunting and has the potential to possibly be developed.

Each parcel will be sold individually and the bid reserved and then offered together and sold for which ever way produces the highest bid.

Inspection: Monday, Nov. 1st from 2:00 p.m. until 4:30 p.m. and Sunday, Nov. 7th from 2:00 p.m. until 4:00 p.m. A recent survey of each parcel will be available.

Terms: Parcel I & Parcel II will both require a $10,000.00 down payment each or $20,000.00 if sold together on the day of sale in the form of cash or certified check made payable to Jos. C. O’Neal & Sons with the balance to be paid in 45 days when a good and marketable deed will be given. A 2% Buyer’s Premium will added to the final selling price. If not settled within 45 days, interest shall be charged at the rate of 15% per annum from the date of sale to the date of settlement. In the event settlement does not occur within 65 days of the sale, the property shall be considered forfeited and resold at the expense and risk of the purchaser. Time is of the essence. State and County and municipal taxes and assessments to be adjusted as of the date of the sale. All Title papers, documentary stamps, recording costs and any and all other costs which shall be deemed necessary to transfer the title of the property and put the deed on record shall be at the expense of the purchaser. The purchaser assumes the payment of the Maryland Agricultural transfer tax, if any. In the event a good & marketable title cannot be delivered the seller(s) shall have 90 days to correct the flaw. If the flaw is not corrected the only recourse of the purchaser shall be the return of the down payment and the seller and the auctioneer shall be held harmless. This property is being sold in "AS IS" condition. Neither the sellers nor the Auctioneer shall accept any responsibility for any Municipal, State or Federal Environmental Violations. To our knowledge none exist at this time. The Seller may reject any and all bids, however, it is the intent of the Seller to sell said property.

(Map 5, Grid 21, Parcel 96)

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