"Dundalk"

 REAL ESTATE AUCTION 

2 – DUNDALK
BRICK TOWNHOMES
– Need Updating & Cosmetic Repairs –

Sales On Respective Premises
THURSDAY, OCTOBER 25, 2018

At 11:45 A.M.
423 WESTFIELD ROAD
“Southbrook,” Balto. Co., MD 21222

$60,000 suggested opening bid – Two story brick inside-group townhouse, built in 1957, containing 1,024 square feet of living area and 512 square feet of basement space, according to public tax records.

Exterior – all brick construction, built-up roof, vinyl-clad double-hung windows, covered front porch, fenced rear yard with covered wood deck

First Floor

• Living Room with bow window and wood floor
• Dining Room – wood floor
• Kitchen with vinyl floor, wood cabinets, laminate counters, refrigerator

Second Floor

• 2 Bedrooms (formerly 3 bedrooms, wall removed) – wood floors
• Full Ceramic Tile Bath

Basement

• Den – vinyl floor
• Half Bath
• Laundry/Utility Room – outside exit, utility sink

Mechanical – gas forced air heat, central air conditioning, gas water heater, 100 amp. electric service,

Lot – 16′ x 108′; zoning DR 10.5; all public utilities; Plat

Public Schools – Bear Creek Elementary, General John Stricker Middle, Patapsco High, according to BCPS web site

Title – In fee simple, sold free and clear of liens; Deed Book 40604, Page 223

Taxes – Published annual real estate taxes are $1,905, based on a full value assessment of $117,233. 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

TERMS OF SALE

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.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms – A $7,500 DEPOSIT ON EACH PROPERTY, 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 30 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. A 5% buyer’s premium will be added to the final bid price.