"Catonsville"

This auction has been CANCELED.
Sold prior to the auction.

Featuring Live and Online Simulcast Bidding
$200,000 Opening Bid

CAPE COD HOME
4 Bedrooms ◆ 3 Baths ◆ Garage
– Renovation Needed –

Known As
515 S. ROLLING ROAD
Corner Glenrae Drive
Baltimore County, MD 21228

– CANCELED –

Online Bidding Opens
FRIDAY, SEPTEMBER 10, 2021
And Continues Through Live Auction

Live Onsite Auction
WEDNESDAY, SEPTEMBER 15, 2021
AT 11:00 A.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:
515 S. Rolling Road is located in the “Oak Springs” neighborhood of Catonsville in western Baltimore County. The home is south of Catonsville’s town center (Frederick Avenue), within walking distance of shops and restaurants. Nearby public schools are Hillcrest Elementary, Catonsville Middle and Catonsville High (within walking distance), according to the Baltimore County government web site. The surrounding neighborhood is a mixture of well maintained single family homes. The neighborhood is convenient to the Baltimore Beltway (I-695) and I-95, via MD-166. Rolling Road Golf Club and Catonsville CCBC are just south of the property.

SITE:
Corner lot at the southwest corner of Rolling Road and Glenrae Drive, fronts 80′ by a depth of 61′, comprising 0.131 acre of land. Plat

Landscaped lot. Fenced yard. Two-car driveway leading to garage. Concrete patio.

Zoning DR-2, residential

All public utilities

IMPROVEMENTS:
Cape Cod-style Home, built in 1953, containing 1,512 square feet of living area, 1,008 square feet of basement space and 240 square foot garage, according to Baltimore County tax records.

Exterior
Brick and aluminum siding, shed dormer in rear, wood double-hung windows, composition shingle roof, aluminum rainspouts

First Floor

• Foyer – vinyl floor, coat closet
• Living Room – carpeting over wood floor
• Dining Room – carpeting over wood floor
• Eat-in Kitchen – original cabinets (some missing), laminate counters, electric range/oven, refrigerator
• Bedroom #1 – carpeting
• Bedroom #2 – carpeting
• Full Bathroom – ceramic tile

Second Floor

• Bedroom #3 – wood floor
• Bedroom #4 – wood floor
• Full Bathroom – ceramic tile

Basement

• Family Room – vinyl tile, drywall, acoustical tile ceiling
• Bathroom (Shower) – vinyl floor
• Laundry/Utility Room – washer and dryer
• Outside Exit

Mechanical – gas hot water heat, window air conditioner, 40-gallon gas water heater, 100-amp. electrical service

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book JLE 33586, Page 377.

TAXES:
Published annual real estate taxes are $4,450, based on a full value assessment of $334,100.
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. 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, is due at the Auctioneers office 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” condition, 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. 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.

Auction in collaboration with Keller Williams Integrity