"Frederick County - Mount Pleasant"

REAL ESTATE AUCTION
Suggested Starting Bid: $5,000

0.17± ACRE
RESIDENTIAL LOT
– Existing Structure –

Known As:
8249 WATER STREET
A/K/A 8249 Water Street Road
Tax ID: 13-304572
Near Liberty Road
Frederick County, MD 21701

Sale to Be Held:
COURTHOUSE DOOR
Circuit Court for Frederick County
100 W. Patrick Street
Frederick, Maryland 21701
Go to Google Maps

FRIDAY, JUNE 14, 2019
AT 11:30 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:
8249 Water Street, also known as 8249 Water Street Road, is located in the Mount Pleasant area of central Frederick County. The City of Frederick is a little over 5 miles west. Walkersville and Libertytown are each approximately 4 miles away, to the north and east, respectively. Lake Linganore is a short distance to the south. The area is a mix of farms, wooded tracts and small subdivisions. Liberty Road (0.3 mile south) provides commuter access to Frederick, as well as retail and community services. I-70/US-40 and MD-144, approximately 7 miles south, provide additional commuter access and retail options. According to the Frederick County Property Explorer, nearby schools are Glade Elementary, Walkersville Middle and Walkersville High.

For more information about the area, please visit:
https://frederickcountymd.gov/
https://frederickcountymd.gov/5451/Online-Mapping-Applications

SITE:
Mostly wooded parcel 56′ x 132′, or 0.17 acre, more or less

Known as Frederick County Tax ID: 13-304572

The status of existing private well and septic are unknown

Zoned R1 – Low density residential

IMPROVEMENTS:
The property is believed to be improved by a frame home. The structure is believed to require razing or full rehabilitation.

TAXES:
Current annual real estate taxes are $234.40 based on a full value assessment of $20,000. 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; sold free and clear of liens. Deed liber 6395, folio 63.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 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 11:30 A.M., Monday, June 17, 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