"Essex"

REAL ESTATE AUCTION

ESTATE SALE

0.59± ACRE
WATERFRONT LOT
– Zoned DR 5.5 Residential –

Sale On Premises:
BALTIMORE COUNTY
TAX ID: 1502000501
Adjoining 1709 Williams Avenue
Essex, MD 21221

TUESDAY, MAY 7, 2019
AT 2:00 P.M.

– Suggested Starting Bid: $10,000 –

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:
The property known as Dimling Road, Baltimore County Tax ID 1502000501, is located along Ensign Court, also part of Williams Avenue extended, in the Essex area of eastern Baltimore County. The lot is situated on a cove along Hopkins Creek, which feeds out to Middle River and eventually out to the Chesapeake Bay. Bound by both Back Creek and Middle River, Essex has a water oriented character, with a number of waterfront communities, waterfront parks, marinas, restaurants and other water oriented businesses. Proximity to I-95, I-695, MD-702 and Eastern Boulevard provides access to employment centers in Baltimore and throughout the metropolitan region. The property is a short distance from Back River Neck Road, which features retail businesses and neighborhood services.

For more information about the area, please visit:
https://www.baltimorecountymd.gov/
https://bcgis.baltimorecountymd.gov/myneighborhood/

SITE:
Baltimore County Tax ID: 1502000501 comprises 0.59 acre according to public tax records, and 0.43 acre, according to deed records. No adjustment will be made to price for acreage smaller or larger than stated herein.

The lot is referred as Dimling Road, is partially wooded, with road frontage along Ensign Court (Williams Avenue extended).

Zoned DR 5.5 Residential. Public utilities are believed to be in surrounding properties.

TAXES:
Current annual real estate taxes are $1,519.85 based on a full value assessment of $125,400. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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

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 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. No adjustment will be made to price for acreage smaller or larger than stated herein. 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

Sale by Order of
The Estate of Gerard S. Weir