Cecil County Airport & Beautiful Home, Elkton, MD

Cecil County Airport & Beautiful Home, Elkton, MD

Sale Type
Bank Ordered Sale
Sale Date
October 18, 2013
Sale Time
11:00 A.M.
Sold Price
$1,350,000
Property Address
166 Raintree Lane, Elkton, Maryland 21921
Auction Location
Sale to be held on the premises at: 166 Raintree Lane Elkton, Maryland 21921
Description
No Buyer's Premium!!
Description

This property includes 4 parcels containing 129.1 +/- acres zoned SR – Suburban Residential District

Airport Includes:

-3,000 ft +/- asphalt paved runway and 3,000 ft +/- asphalt paved taxiway
-3,675 sq ft +/- terminal building constructed circa 2010 which includes central lobby/entrance, 10 offices, kitchen, 3 BA and full, unfinished basement
-2,500 square yard +/- concrete aircraft apron
-Three 10,000 gal aircraft fuel tanks
-8 hangars, including a 20-unit structure built in 2010, a 10-unit T-hangar, 6-unit T-hangar and more

Home Includes:

-Built in 2006
-3,450 sq ft +/- includes main house and in-laws quarters
-Main house has 3 BR and 3 Full BA
-In-laws quarters is situated between main house and attached two car garage
-In-laws quarters has 1 BR and 1 BA
-Residence has separate septic and well from airport

Sale Terms

A deposit in the amount of $100,000 in the form of a cashier’s or certified check required of all registered bidders at the time of sale. The successful bidder shall be obligated to increase the deposit to 10% of the purchase price within 3 business days of the date of the sale. The property will be sold in As-Is, Where-Is condition without any warranties or representations, either expressed or implied as to the nature, condition or description of the improvements. All statements oral or written made at or before the auction including, but not limited to this sale brochure, advertisement, website, or bidder’s information package, pertaining to but not limited to location, zoning, taxes, condition, title, survey, etc. of the properties are for information purposes only, and should be verified by the purchaser prior to bidding and such bid shall not be in reliance upon any representations oral or written made by Atlantic Auctions, Inc. or its representatives.

Contact Information
Call Bill Hudson at (410) 803-4161 or email him using the form below.