"Howard County - Mount Airy"

Andrew G. Bailey, Attorney
409 Washington Avenue – Suite 300
Towson, MD 21204

ESTATE SALE

TRADITIONAL HOME
ON 0.50± ACRE
Zoned RR-DEO

Sale On Premises:
417 TWIN ARCH ROAD
Near Old Frederick Road
Howard County, MD 21771

TUESDAY, NOVEMBER 19, 2019
AT 12:30 P.M.

– Suggested Starting Bid: $30,000 –

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:
417 Twin Arch Road is located in the Mount Airy area of Howard County. The property is located a little less than one mile southeast of the Twin Arch Center, a commercial center at the corner of Twin Arch Road and Ridge Road featuring a grocery store, pharmacy, restaurants and other retail shopping. I-70/US-40 (Baltimore National Pike), MD-144 (Frederick Road) and MD-27 (Ridge Road) are all within close proximity. According to the Howard County Public School locator application, nearby schools are Lisbon Elementary, Glenwood Middle and Glenelg High.

For more information about the area, please visit:
https://www.howardcountymd.gov/
https://www.hcpss.org/

SITE:
Lot size: 0.50 acres, more or less

Accessible via 15 foot right of way from Twin Arch Road

Private well and septic. Being sold subject to “Consent Agreement For Use Of Holding Tanks,” recorded among the land records for Howard County at Liber MDR 4633, folio 666

Zoned RR-DEO – Rural Residential, Density Exchange Option Overlay District

For more information about zoning, please visit:
https://www.howardcountymd.gov/Departments/Planning-and-Zoning

IMPROVEMENTS:
Traditional home – constructed in 1953 and containing 600 square feet, according to public tax records. The home is in poor condition, requiring razing or full rehabilitation.

TAXES:
Published annual real estate taxes are $2,341.90, based on a full value assessment of $188,800. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
In fee simple; and will be sold free and clear of liens

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $5,000 deposit, payable by certified check or 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. 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, ground rent, 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. 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!