"Edgewood"

John C. Heisler, Attorney
Heisler Williams & Lazzaro LLC
102 W. Pennsylvania Avenue – Suite 200
Towson, MD 21204

 ESTATE AUCTION 

$75,000 Suggested Opening Bid

TWO STORY FARMHOUSE
Arranged for 4 Rental Units

Sale On Premises
2501 PHILADELPHIA ROAD
Corner Van Bibber Road
Harford County, MD 21040

WEDNESDAY, AUGUST 21, 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:
2501 Philadelphia Road (MD-7) is located one block west of MD-24 in the Edgewood area of southern Harford County. The property is one mile south of I-95 Exit 77. Surrounding properties are a mixture of residential and commercial land uses. According to the Harford County School Locator web site, nearby public schools are William Paca Old Post Elementary, Edgewood Middle and Edgewood High.

SITE:
Level, rectangular lot, comprising 0.7217 acre, fronting on Philadelphia Road and Van Bibber Road. The lot is mostly clear.

Zoning R2, single family residential. Although the current use has existed for many years, the Harford County Zoning Office has no record of the multi-unit occupancy.

Pubic water and sewer are believed to be in the property.

Gravel parking area for approximately 10 cars

IMPROVEMENTS:
Two Story Farmhouse, built in 1924, containing 1,392 square feet of gross living area, plus a partial basement and a 640 square foot detached garage, according to public tax records.

Exterior
Aluminum siding
Composition shingle roofs, aluminum rainspouts
Double-hung replacement windows

First Floor

• Unit A – apartment rented for $700/month
• Unit B – two-room office rented for $700/month

Second Floor

• Unit C – apartment unit, now vacant, previously rented for $900/month

Each unit has a rest room. Heat and utilities are provided by the landlord. All tenants are month-to-month.

Basement
Unfinished storage area
Gas forced air heat
Electric water heater

Frame Garage

• Unit D – double-door garage rented for $400/month

TITLE:
The property is in fee simple and sold free and clear of liens. Harford County Deed Liber 1473/386, saving and excepting the property conveyed in the Deed dated December 8, 2017 in Liber 12652/259.

TAXES:
Published annual real estate taxes are $1,760, based on a full value assessment of 152,500. 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 refer to 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. All adjustments, including taxes, rents, 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 settlement 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, and subject to existing zoning and the permitted uses thereunder. 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.

John C. Heisler, Personal Representative
of the Estate of Donald Carroll Eccleston