"Joppa"

 REAL ESTATE AUCTION 

$125,000 Suggested Opening Bid

BRICK RANCHER
Landscaped Lot With
Tiki Bar ◆ Playhouse ◆ Zip Line

Sale on Premises
2403 WOODLEA DRIVE
Off I-95 Exit 74, Harford County, MD 21085

FRIDAY, OCTOBER 4, 2019
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:
2403 Woodlea Drive is located in the Woodlea neighborhood of southern Harford County, just off I-95 and Mountain Road (MD-152). Woodlea is convenient to area employment centers, being equidistant from Baltimore, Aberdeen and Bel Air. Though convenient to Mountain Road, US-40, Philadelphia Road (MD-7) and I-95, the surrounding area is wooded and serene. The immediate neighborhood consists of a dozen single family homes on half-acre or larger lots. According to the Harford County School Finder, nearby public schools are Joppatowne Elementary, Magnolia Middle and Joppatowne High.

SITE:
Lot fronts 125′ along Woodlea Drive by a depth of 237′, comprising 0.5062 acre of land.

Zoning AG

Private well (approximately 360′, 5 years old) and septic

Fenced rear yard with playhouse, climbing wall, Tiki bar, zip line, fire pit, storage shed, driveway with off-street parking for 4+ cars

IMPROVEMENTS:
One Story Brick Ranch Home, built in 1963, comprising 907 square feet of living area and 907 square feet of basement space.

Exterior – brick facade, composition shingle roof, aluminum rainspouts, double-hung replacement windows and replacement doors, sun deck, screened porch

Main Level

Living Room – wood floor, 3 skylights

Eat-in Kitchen – ceramic tile floor, updated wood cabinets, Corian counters, refrigerator, electric range/oven, dishwasher, microwave oven

Bedroom #1 – wood floor, ceiling fan

Bedroom #2 – wood floor, ceiling fan

Full Bath – ceramic tile floor

Lower Level

Family Room – ceramic tile floor, outside exit

Laundry/Utility Room

Mechanical – oil forced air heat, central air conditioning, oil water heater, central vacuum system, clothes dryer, Verizon Fios, Culligan water softener, 200 amp. electrical service

TITLE:
The property is in fee simple and sold free and clear of liens. Harford County Deed Book 5373, Page 634.

TAXES:
Published annual real estate taxes are $2,257, based on a full value assessment of $195,600. 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

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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 by 2:00 P.M., Monday, October 7, 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, 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.