|General Information: PUBLIC AUCTION
VALUABLE REAL ESTATE WITH HOME
IN SHARPTOWN, MARYLAND
SATURDAY, SEPTEMBER 9, 2006
Location: 408 Joe Morgan Road, Sharptown, Maryland 21861. From U.S. Rt. 13 in Salisbury, travel west on U.S. Rt. 50 for approx. 11.3 miles. Turn right onto Delmar Road/Md. Rt. 313 and immediately turn left onto Sharptown Road/Md. Rt. 313 and travel for approx. 5.9 miles. Turn left onto Main Street and then turn right onto Joe Morgan Road. Home will be on left (Signs Posted).
The property consists of 1.07+/- Acres of land on Joe Morgan Road and is identified by the Maryland Department of Assessments & Taxation as Map 400 Parcel 205 and is further described in Liber 1162 Folio 7. The property is improved with a 4 BR/2 BA two-story home with vinyl siding. The home features a kitchen with GE stove, microwave & like-new Maytag refrigerator, diningroom, livingroom, 1 bedroom, & full bathroom on the first level. The second level of the home features 3 bedrooms, full bathroom, & study. The home also features a like-new GE washer & dryer (Approximate Annual Real Estate Tax- $1,200)
The home is heated with electric baseboard heat and has municipal water & septic. The home is conveniently located in Sharptown, only minutes from Salisbury & Delaware’s tax-free shopping!
Terms: $15,000.00 non-refundable 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.