"Essex - Riverside"

 REAL ESTATE AUCTION 

– $100,000 Suggested Opening Bid –

Two Story End-of-Group
WATERVIEW TOWNHOME
3 Bedrooms ◆ 2.5 Baths ◆ Finished Basement

Sale On Premises
411 ESSEXWOOD COURT
Off Riverside Drive
Baltimore County, MD 21221

THURSDAY, SEPTEMBER 5, 2019
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:
411 Essexwood Court is located in the Riverside community in the Essex area of southeastern Baltimore County. The neighborhood is situated south of Eastern Boulevard along Duck Creek, just east of Back River. Nearby public schools are Sussex Elementary (within walking distance), Deep Creek Middle and Chesapeake High, according to the Baltimore County government web site. Shopping and public transportation are nearby on Eastern Boulevard. Access to the Baltimore Beltway (I-695) via Exit 38 or MD-702 are within 5 minutes of the neighborhood. Riverside was developed in the 1970s and consists of a mixture of single family detached homes and townhomes. There is no homeowner’s association.

SITE:
Rectangular lot fronts approximately 52′ along Essexwood Court, with a depth of approximately 100′ and a rear lot line of approximately 62′ comprising 0.135 acre of land. The rear of the lot bounds a waterfront community open space area and provides water views and access.

Public water, sanitary sewer, gas, electricity, cable, internet

Fenced yard

IMPROVEMENTS:
Two Story End-of-Group Townhome, built in 1975, containing 1,280 square feet of living area and 640 square feet of basement space, according to public tax records.

Exterior
Brick and vinyl siding
Composition shingle roof
Vinyl-clad double hung windows
Full concrete block basement foundation
Rear wood sun deck
Brick rear patio below sun deck

First Floor

• Foyer – ceramic tile
• Living Room – carpeting, brick wood burning fireplace, sliding doors (recently replaced) to deck, nice water view
• Dining Room – wood parquet floor, bow window
• Kitchen – vinyl floor, wood cabinets, laminate counters, dishwasher, refrigerator, electric range/oven, pantry
• Half-Bath – ceramic tile

Second Floor

• Master Bedroom – carpeting
• En-Suite Master Bath (shower) – ceramic tile
• Bedroom #2 – carpeting, water view
• Bedroom #3 – carpeting, water view
• Full Hall Bath – ceramic tile
• Linen Closet

Basement

• Family Room – carpeting, paneling, acoustical tile ceiling, walk-out exit to patio, storage closet
• Office (currently used as bedroom) – carpeting
• Stacking washer and dryer

Mechanical
Gas forced air heat and central air conditioning
40 gallon gas water heater
Circuit breakers
New chimney cap

Updating and cosmetic repairs are needed.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 7011, Page 394.

TAXES:
Published annual real estate taxes are $2,353, based on a full value assessment of $145,500. 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:
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 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, 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.