MLS® ID: MDTA136364
5609 TRAFALGAR CIRCLE
TILGHMAN, Maryland, 21671 $130,000
List price is opening bid only. TIMED ONLINE AUCTION: Begins Sunday, September 22nd @ 1:00pm and ends on Friday, September 27th @ 1:00pm. $10,000 Deposit. Exceptional opportunity to purchase a subdivision of 24 single-family lots, four additional undevelopable lots, and additional ownership rights, located in the "Tilghman on the Chesapeake" subdivision on Tilghman Island.The original development included two additional single-family lots (5558 and 5564 Trafalgar Circle) which are not a part of this offering.Completed improvements include: Curb and gutters, base paving, entrance monuments, a storm water management pond with a fountain and fencing. PLEASE NOTE: The Purchaser will be required to post substitute security of $105,000 acceptable to Talbot County for completion of the development improvements to replace existing letter of credit. All non-developer property owners which own property included in the Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association are currently responsible for paying annual clubhouse dues of $800, payable in quarterly installments.Tilghman-On-Chesapeake Community Association II, Inc. Homeowners Association fees will be established in the future by the newly elected Tilghman-On-Chesapeake Community Association II, Inc.'s Homeowners Association Board of Directors.