34+/- Acres of Land along the Mason-Dixon Line in Sharptown, MD
Saturday, 18 Mar, 2006 02:00 PM Selling for Private Seller
Sharptown, Maryland at the Maryland/Delaware Line Terms: See Below
Survey of Property Real Estate
General Information: Location: Maryland side of the Mason-Dixon Line on Sharptown Line Road, Sharptown, Maryland. From Salisbury, Maryland, travel U.S. Rt. 50 West to MD Rt. 313/Sharptown Road. Turn right onto MD Rt. 313 and travel for approx. 7 miles towards Sharptown. Continue on MD Rt. 313 around Sharptown and turn right onto Sharptown Line Road (just before the bridge). The property will be approx. 1 mile on left (Signs Posted).

Inspection: Bidders are encouraged to inspect the property anytime. An auction company representative will be on the premises Wednesday, March 8 from 4:00 to 5:30 P.M. and Sunday, March 12 from 2:00 to 3:30 P.M. Contact our office at 1.866.866.8756 to obtain a Property Information Packet (PIP).

This wonderful property is identified by the Maryland Department of Assessments & Taxation in Wicomico County as a part of Map 3 Parcel 2. The property consists of 34.075+/- acres of unimproved land, of which 25.285+/- Acres is cleared farmland and 8.790+/- Acres is wooded land. The property has approx. 1,015 feet of frontage along Sharptown Line Road along its southerly boundary. The property is bordered on its easterly boundary by the Delaware & Mason-Dixon Line. The property is situated in an ideal location along the Maryland/Delaware border.

Terms: $30,000.00 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. 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. 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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