|General Information: PUBLIC AUCTION
VALUABLE REAL ESTATE W/HOME & EXTRA LOT
LOCATED IN “NEWTOWN” SALISBURY, MARYLAND
Location 201 & 205 Walnut Street, Salisbury, MD 21801. Traveling south on Business Rt. 13 in Salisbury, MD turn right onto Isabella St. Take next left onto Poplar Hill Avenue and then take second right onto Walnut St. Home will be second place on right. (Sign Posted)
Friday, February 23, 2007
The home and property is identified on the Wicomico County tax map as map 107 parcel 781 and is believed to contain approx. 2,880 square feet of land more less or 48’x60. This parcel has frontage on Walnut St. The home is a two-story Colonial style home with approx. 1,404 square feet of living space. The home has 2 bedrooms, 1 full bathroom, living room, dining room, kitchen, utility room, ample closet space and a 7’x9’ side porch. The home is approx. 70 years old. The exterior of the home has wood clapboard siding and asphalt shingle roof. The property has a black-top driveway and fenced backyard. The home is in good condition with only minor updates needed to interior and exterior. This property will also be sold with an adjacent corner lot identified as map 107 parcel 780. This lot has frontage on Walnut Street & Gay Street. This parcel is deeded separately and is a buildable lot. These two parcels will be sold together and not offered separately. A great property you will not want to miss!
Inspection: Tuesday, Feb. 13 from 4:00 p.m. until 5:00 p.m. & Tuesday, Feb. 20th from 4:00 until 5:00 p.m.
Terms: $10,000 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 3% 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.