Valuable Real Estate & Home in Delmar, Maryland
Saturday, 14 Jan, 2006 11:00 AM Selling for Private Seller
505 E. Walnut St., Delmar, Maryland Terms: See Below
Real Estate  
General Information: Location: 505 E. Walnut St., Delmar, Maryland 21875. From U.S. Rt. 13 at the Maryland/Delaware Line, travel west on Del. Rt. 54 (State Street) for 0.8 mile into Delmar. Turn left onto Bi-State Boulevard and travel for 0.3 mile. Turn left onto E. Walnut Street and home will be second house on left on the corner of E. Walnut Street & Sixth Street (Signs Posted).

Inspection: Thursday, January 5 from 3:00 to 4:30 P.M.
Sunday, January 8 from 2:00 to 3:30 P.M.

The property is identified by the Maryland Department of Assessments & Taxation on Map 11A, Parcel 525 in Wicomico County and is further described in the Land Records of Wicomico County in Liber 1726 Folio 001. The property is a square-shaped corner lot and consists of approx. 20,155 sq. ft. (0.46+/- acre) of land with approx. 120 ft. of frontage along E. Walnut Street and approx. 125 ft. of frontage along Sixth Street. The property is improved by a 3 BR/1 BA single-story ranch style home with attached single-car garage. The home features approx. 1,350 sq. ft. of living space with a den, living room, kitchen, diningroom, 3 bedrooms with ample closet space and hardwood floors, 1 bathroom, utility room, pull-down attic, as well as a breezeway, storage room, & workshop room leading to the garage. The home is handicapped accessible with a wheel chair ramp at the back door and hand rails in the hallway. The home features central air and electric baseboard heat as well as large front and back yards with a carport with cement pad and a small chain-link dog kennel in the back yard. The home is structurally sound and is in need of only minor repairs.

The home is in a wonderful location and neighborhood in town limits. Numerous places of worship are in a close proximity and the home is situated only a few miles from Salisbury and the Delaware line.

Terms: $15,000.00 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 45 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 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. 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. 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 2.5% 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.

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