|General Information: PARCEL B
25.01+/- ACRE FARM WITH HOME
Directions: From the Maryland/Delaware line, travel south on Rt. 113 1.7 miles to Rt. 367 East (Bishopville Road). Turn left onto Rt. 367 East and travel for 1.6 miles to St. Martin Neck Road. Turn right onto St. Martin Neck Road and travel for 1.7 miles to Back Creek Road. Turn left onto Back Creek Road and travel for 0.6 mile. Farm will be on left.
Inspection: Bidders are encouraged to walk and inspect the property anytime. An auction company representative will be on the premises Sunday, January 8 from 2:00 to 4:00 P.M., Saturday, January 14 from 1:00 to 3:00 P.M., and Sunday, January 22 from 2:00 to 4:00 P.M. Contact auction company for a Property Information Packet (PIP) or to arrange an appointment for inspection.
This beautiful property is identified by the Maryland Department of Assessments & Taxation on Map 10 as Parcel 86 and is further described in the Worcester County Land Records in Liber CWN 47 Page 368 and is zoned A-1. The property consists of two near-rectangular tracts of land comprising 25.01+/- Acres. Tract 1 consists of 9.86+/- Acres of land and is improved by a single story ranch style home and outbuildings. Tract 1 has approx. 483 ft. of frontage along Back Creek Road and approx. 720 ft. of frontage along Selby Road. The home features a spacious kitchen and dining area, living room, den, utility room, 3 bedrooms, 2 bathrooms, attached garage, & side porch. Tract 1 also features a large 2-bay metal pole shed with workshop and a small storage shed. Tract 2 consists of 15.15+/- Acres of unimproved wooded and cleared land. The tracts are adjacent at Tract 1's northwest corner and Tract 2's southeast corner.
Terms: $40,000.00 down payment in the form of Cash, Certified Check, or Cashier’s Check made payable to Jos. C. O’Neal & Sons. Balance to be paid within 60 days when a good and marketable deed will be given. 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 60 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 75 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. Purchaser & Seller will equally share all State & County transfer taxes. 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 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. If the dwelling on the property was built before 1976, it 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. A 2% Buyer’s Premium will be charged on the final selling price. Seller reserves the right to accept or reject any or all bids, but it is their intent to sell said property to settle the Estate.