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Go Back FridayMarch 3, 2017 — 12:30pm


Public Auction Sale

**OPENING BID $25,000** Single Family Home in "Annapolis"

2000B Reidsville St., Annapolis, MD 21401

Location: On the Premises

2 Bedroom, 1 Bath single family home in need of significant renovation. Property will be open for inspection 1 hour prior to the sale. 

Ground Rent: Fee Simple

10 % BUYERS PREMIUM ADDED TO THE HAMMER PRICE

Summary of Terms of Sale: 
A deposit in the form of cash, cashier's check or certified check for $5,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due in 2 business days by 4:00pm in the auctioneer's office, located at 908 York Road, Towson, MD 21204. If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser.  Settlement is 45 days from the sale date. The Purchaser will pay interest on the unpaid portion of the purchase price from date of sale to date of settlement at the rate of 10% per annum. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser. provided, however, that if the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Buyer's personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.

NOTE: Alex Cooper Auctioneers is acting as agent for the Owner in this transaction.  Alex Cooper Auctioneers is not acting as agent for the successful bidder.  Any buyer-broker is acting as an agent for the successful bidder and is not a sub-agent of Alex Cooper Auctioneers.

**NOTICE TO BUYER: IF YOU ARE CONTEMPLATING FINANCING FOR THIS PURCHASE,APPLICATION MUST BE MADE WITH A LENDER AND TITLE COMPANY NO LATER THAN SEVEN (7) DAYS FROM THE DATE OF THIS SALE.

Click Here For The Full Sale Terms In PDF Format


Scott Frank Auction Agent
410-977-4712
PLEASE NOTE
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.