PUBLIC AUCTION, Anne Arundel County Waterfront Home, 7676 Colonial Beach Rd.

Auction to be Held On-The-Premises of:
7676 Colonial Beach Road, Pasadena, MD. 21122
Sale Date: Saturday, May 17th. 2008 @ 11:10 am
Inspection: 1 Hour Prior to Auction or Friday, May 16th. from 5 PM to 8 PM

Terms of Sale
PUBLIC REAL ESTATE AUCTION - Anne Arundel County, 1.37+/- Acres Improved by an Dwelling. TERMS OF SALE: Deposit Required $100,000 by Cash or Cashiers Check Only. 5% Buyers Premium. Balance of purchase price, to be paid at settlement by Cash or Cashier’s Check. Settlement is expected to occur no later than 45 days of the date of auction. Time Is Of The Essence. Purchaser will pay all costs of all documentary stamps, transfer taxes and recordation fees, Metropolitan taxes and fees, title examination and all costs incidental to settlement. Current year taxes to be adjusted to date of sale and assumed thereafter by purchaser. If the seller is unable to convey good and insurable title to the property, the purchaser's sole remedy in law or in equity shall be limited to the refund of the deposit, the sale shall be void and of no effect, and the purchaser shall have no further claim against the auctioneer or the seller. Non-compliance of settlement date, or above terms, will result in forfeiture of the deposit, and the property will be re-sold at the risk and cost of the defaulting purchaser. Seller reserves the right to accept and/or reject any and all bids. Although information is believed to be accurate, you are required to conduct your own Due-Diligence on this property. Broker Co-operation is encouraged 2.5%. Brokers MUST Register His/Her Client no later than 24 Hours prior to Auction or at scheduled showing on Friday, May 16th. 2008

Valuable Fee-Simple Property Known as 7676 Colonial Beach Road, Pasadena, MD. 21122 located in the Gated Community of Annesley By The Bay, Lot 13, Parcel 504, Deed Folio 3, Deed Liber 253 Improved by a Dwelling situated on 1.37 +/- Acre Lot. 4 Bedrooms, 5 Full and 1 Half Baths, 80' Water Frontage, New Pier, 6+ Mean Low Water, Level Lot with Beach, Formal LR, DR, Gourmet Kitchen, Granite Counters, Library, 2 Story Foyer, 3 Car Garage, Full Basement and MORE! See Visual Tour and Floor Plan. 2.5% Broker Co-op Registration