"Brooklyn Park"

Live Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check, is required by 4:00 p.m. on the day of auction. No exceptions. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount

A 5% buyers premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Live Onsite & Simulcast Online Bidding
$50,000 Opening Bid

BROOKLYN PARK

Two Story, End-of-Group
BRICK TOWNHOME

– Renovation Needed –

Known As
335 W. ARDEN ROAD
Anne Arundel County, MD 21225

Online Bidding Opens
TUESDAY, JULY 16, 2024

Live Onsite Auction
WEDNESDAY, JULY 17, 2024
AT 1:15 P.M.

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
335 W. Arden Road is located in the Brooklyn Park neighborhood of northern Anne Arundel County, south of the Baltimore City line and west of Belle Grove Road. The surrounding neighborhood is a mixture of brick townhomes and single family detached homes. Shopping and public transportation are nearby on Gov. Ritchie Highway (MD-2). Access is good to I-895 and the Baltimore Beltway (I-695). Nearby public schools are Belle Grove Elementary, Brooklyn Park Middle and North County High, according to the Anne Arundel County online school locator.

SITE:
Rectangular lot – 24.5′ x 122.5′
Zoning R15, residential
Public utilities
Fenced rear yard
Parking pad

IMPROVEMENTS:
Two story end-of-group, brick townhome, built in 1947, containing 992 square feet of living area and 496 square feet of basement space, according to public tax records. The home has a built-up roof, double-hung windows and concrete block foundation.

First floor contains living room, dining room and kitchen; two bedrooms and bath, on the second floor; wood floors; full basement with laundry area and outside exit; gas hot water heat; gas water heater; 100 amp. electric.

The house needs renovation.

TITLE:
The property is in fee simple and sold free and clear of liens. Buyer may select their own title company. However, SELLER WILL GIVE BUYER A $500 CLOSING COST CREDIT IF BUYER USES COTTON DUCK TITLE COMPANY.

TAXES:
Published annual real estate taxes are $1,679, based on a full value assessment of $130,433.

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check, is required by 4:00 p.m. on the day of auction. No exceptions.

Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS, WHERE IS” condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to housing violation notices. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyers premium will be added to the final bid price.