"Roland Park - Roland Springs"

Brian R. Blickenstaff, Attorney
Turner and Johns, PLLC
808 Greenbrier Street
Charleston, WV 25311

Featuring Live & Online Simulcast Bidding
$150,000 Opening Bid

“Roland Springs”

TWO STORY TOWNHOME
4 Bedrooms ◆ 3.5 Baths
Facing Community Swimming Pool

Known As
4446 ROLAND SPRINGS DRIVE
Off Cold Spring Lane, Baltimore, MD 21210

Online Bidding Opens
FRIDAY, SEPTEMBER 3, 2021

Live Onsite Auction
WEDNESDAY, SEPTEMBER 8, 2021
AT 11:00 A.M.

Pursuant to an Order of the United States Bankruptcy Court for the Southern District of West Virginia, passed in the matter of Sylvanus Osomoba Oyogoa, Bankruptcy Case No. 18-50211, Chapter 7, the undersigned Trustee will sell at public auction the above-captioned property.

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:
Roland Springs Townhouse community is located off Cold Spring Lane, just east of Roland Avenue, within walking distance of restaurants and shops along the community commercial district. The neighborhood, constructed in the mid-1970s, consists of two story townhomes situated in a park-like setting. 4446 Roland Springs Drive faces the community swimming pool and playground.

HOA:
Homeowners Association fee of $275.28/month, includes the pool, common area maintenance, water, sewer, snow removal and reserve funds. Roland Springs is professionally managed by ACM. HOA Documents

SITE:
Rectangular lot 23.17′ x 44.25′. Plat
Landscaping
Rear sun deck
All public utilities
Zoning R-8, residential

IMPROVEMENTS:
Two Story Center Townhome, built in 1975, containing 1,786 square feet of living area and 893 square feet of basement space, according to public tax records.

Exterior – stucco, concrete block foundation, composition shingle roof, aluminum frame double-glazed sliding windows

First Floor

• Foyer – wood floor, coat closet
• Living Room – wood floor, wood-burning fireplace, vaulted ceiling
• Dining Room – wood floor, sliding doors to rear deck
• Eat-in Kitchen – ceramic tile in cooking area, wood in breakfast nook, walk-in pantry, wood cabinets, ceramic counters, refrigerator, electric range/oven, dishwasher, sliding doors to front garden
• Half-Bath – ceramic tile

Second Floor

• Master Bedroom – carpeting, walk-in closet, ceramic tile Master Bath (shower)
• Bedroom #2 – carpeting
• Bedroom #3 – carpeting
• Full Hall Bathroom – ceramic tile
• Linen Closet

Basement

• Bedroom #4 – carpeting
• Full Bathroom – ceramic tile
• Den – carpeting
• Kitchenette – ceramic tile floor, electric range/oven, wood cabinets, laminate counters
• Laundry/Utility Room – concrete floor

Mechanical
Gas forced air heat and central air conditioning, 50-gallon gas water heater, circuit breakers

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 12129, Page 519.

TAXES:
Published annual real estate taxes are $6,683, based on a full value assessment of $283,200.
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

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.

Online Auction Bidders – A 10% deposit, payable by cashier’s check or wire transfer, will be required by 4:30 p.m. on the day of auction, at the Auctioneer’s office.

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, homeowners association fees, 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” condition, subject to the Declaration and Bylaws of the Roland Springs Homeowners Association, and 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 and agrees to waive any right of rescission under the Maryland Homeowners Association Act. Auction is subject to the approval of the United States Bankruptcy Court for the Southern District of West Virginia. 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.

No buyer’s premium.

Robert L. Johns, Trustee