Valuable Real Estate in Salisbury, Maryland
Friday, 22 Apr, 2005 04:30 PM Selling for Estate of Ralph & Addie Pruitt
32495 Johnson Road, Salisbury, MD 21803 Terms: See Below
Real Estate  
General Information: Inspection: Tuesday, April 12th from 3:30 p.m. until 5:30 p.m.

Tuesday, April 19th from 3:30 p.m. until 5:30 p.m.

Location: 32495 Johnson Road, Salisbury, MD 21803 Traveling east on Route 50 in Salisbury, MD turn right at Wor-Wic Comm. College onto Walston Switch Rd. & travel 2.5 miles crossing over Route 350 at the intersection. Turn left onto Airport Rd. and travel 1.8 miles, turn left onto Johnson Rd. Property will be 2.6 miles on right (Sign Posted)

This property is deeded in two separate parcels but will be sold together and not offered individually. Parcel #1 is believed to consist of exactly 1 acre of land more or less, with 210 feet of frontage on Johnson Road and extending back and southward 210 feet. This property can more fully be described in Liber 519 page 492. The property is improved with a single story four-room bungalow that consists of 2 bedrooms, full bathroom, kitchen, and living area. The home is need of some repair. The property also is improved with several outbuildings and a workshop with cement floor. Parcel #2 is believed to consist of approx. 0.44 acres of land more or less with 58.74 feet of frontage on Johnson Road, 159.71 ft. deep on the west, 210.00 ft. on the east, and 96.74 ft. across the back. This property can more fully be described in Liber 887 page 767. This property is improved with a 40 ft. mobile home that is not occupied, but has been rented this past year. Both parcels have their own water & septic. This property would be a great investment to fix-up for rent potential or as a large lot in the country. Both parcels together are believed to contain 1.44 acres more or less.

Terms: $7,500.00 down payment in the form of cash or certified check made payable to Jos. C. O’Neal & Sons with a balance to be paid within 45 days. A 2% Buyer’s Premium will be added to the final purchase price. Time is of the essence. Credit portion to bear interest at the rate of 0% per annum from the date of sale to date of settlement, and to be secured to the satisfaction of the undersigned, or to pay the full purchase price at the time of sale, at the option of the purchaser. 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 was built before 1976 and may contain lead paint. Purchaser may conduct a lead paint test at their expense prior to the sale. 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.

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