"Marley Neck Area"

Live Auction Bidders – A $20,000 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% buyer’s 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.

Gilda O. Karpouzian, Attorney
107 Ridgely Avenue – Suite 9
Annapolis, MD 21401

Substitute Trustee’s Sale

Live Onsite & Simulcast Online Bidding
$100,000 Opening Bid

MARLEY NECK AREA

BRICK & SIDING RANCHER
3 Bedrooms ◆ 2.5 Baths

– Renovation Needed –

Known As
203 HENSON ROAD
Off B&A Blvd. (MD-648)
Glen Burnie, MD 21060

Online Bidding Opens
WEDNESDAY, AUGUST 14, 2024

Live Onsite Auction
THURSDAY, AUGUST 15, 2024
AT 2:00 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:
203 Henson Road is located in the Marley Neck area of northern Anne Arundel County, in a small subdivision known as Foxwell. The surrounding area is residential in character. Shopping, restaurants and community services are nearby on Baltimore Annapolis Boulevard (MD-648), Marley Station Road and Ritchie Highway (MD-2). According to the Anne Arundel County school locator, nearby public schools are Marley Elementary and Middle Schools, both within walking distance, and Glen Burnie High. Houses in the immediate neighborhood are typically well maintained, single family ranchers and split-levels. According to Bright MLS, home sales in the neighborhood ranged from $280,000 to $465,000, during the past twelve months.

SITE:
Level lot – 115′ x 95′. Plat
Zoning R5, residential
Public utilities
Off-street parking for six cars
Storage shed

IMPROVEMENTS:
One Story Brick and Aluminum Siding Rancher, built in 1956 and containing 1,421 square feet of living area, according to public tax records. The home has a composition shingle roof, vinyl-clad double-hung windows, and is constructed on a crawl space foundation and slab.

Interior:

• Foyer – wood floor
• Living Room – carpeting over wood floor
• Dining Room – wood floor
• Kitchen – vinyl floor, white cabinets, laminate counters, electric range/oven, refrigerator, stacking washer/dryer, dishwasher
• Bedroom #1 – wood floor, En-Suite Shower Bath (wheelchair accessible) with vinyl floor
• Bedroom #2 – carpeting over wood floor
• Bedroom #3 – carpeting over wood floor
• Full Bathroom – vinyl floor, whirlpool tub
• Half-Bathroom – vinyl floor

Mechanical – oil forced air heat, central air conditioning, 50-gallon electric water heater, 100-amp. electric

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book RPD 17585, Page 92.

TAXES:
Published annual real estate taxes are $2,933, based on a full value assessment of $236,500.

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 $20,000 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. 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% buyer’s premium will be added to the final bid price.

Gilda O. Karpouzian, Substitute Trustee of the Rashard Reeves Supplemental Needs Trust

This is not a foreclosure auction and court ratification is not required.