"Edgemere - Cedar Crest"

 REAL ESTATE AUCTION 

– $75,000 Suggested Opening Bid –

“Cedar Crest”

BRICK CAPE COD HOME
Needs Minor Remodeling

Sale On Premises
3014 SALISBURY AVENUE
Sparrows Point, Baltimore County, MD 21219

THURSDAY, OCTOBER 18, 2018
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:
3014 Salisbury Avenue is located in the Edgemere/Sparrows Point area of southeastern Baltimore County. The surrounding neighborhood is predominantly comprised of well-kept single family homes of varying age. Neighborhood shopping is one block north of the property on North Point Road. Nearby public schools are Edgemere Elementary, Sparrows Point Middle and Sparrows Point High, according to the Baltimore County government website.

Tradepoint Atlantic, a major redevelopment of the 3,100 acre Bethlehem Steel Sparrows Point Shipyard, several miles south of the auction property, is a major area employer and will continue to expand in coming years. Edgemere is convenient to the Baltimore Beltway (I-695), providing easy access to the entire Baltimore metropolitan area. The community is water-oriented, surrounded by the Chesapeake Bay and Patapsco River, and features North Point State Park, a large recreational facility.

SITE:
Rectangular lot 50′ x 132′
Zoning DR 5.5, residential
Public water, public sewer, gas, electricity, telephone, Fios
Fenced rear yard

IMPROVEMENTS:
One and One-half Story Brick Home, built in 1939, containing 1,200 square feet of living area and 768 square feet of basement space, according to public tax records.

Exterior
Enclosed front porch
Rear sun deck
Garage
Carport
Vinyl-clad double hung windows

First Floor

• Living Room – wood floor
• Dining Room – wood floor
• Kitchen – ceramic tile floor, white wood cabinets, laminate counters, peninsula bar, gas range/oven refrigerator/freezer
• Laundry – carpeting, washer and dryer
• Den – wood floor
• Bedroom #1 – wood floor
• Full Bathroom – vinyl floor, fiberglass tub enclosure

Second Floor

• Bedroom #2 – needs finishing
• Bedroom #3 – needs finishing
• Shower Bathroom – ceramic tile

Basement
Unfinished, outside exit

Mechanical
Gas, hot water heat
Gas, water heater
150 amp. electrical service
Sump pump

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 40416, Page 260.

TAXES:
Published annual real estate taxes are $2,550, based on a full value assessment of $170,333. 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

SUMMARY TERMS OF SALE (refer to contract for complete terms):
A $7,500 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.