"Oaklee"

Alexander Ruygrok, Esquire
Bouland & Brush, LLC
201 N. Charles Street, Suite 2400
Baltimore, Maryland 21201

ESTATE SALE

End-Of-Group
TOWNHOME

Sale On Premises
3932 COLCHESTER ROAD
Off Arion Park Road
Baltimore City, MD 21229

THURSDAY, FEBRUARY 22, 2018
AT 1:00 P.M.

– SUGGESTED OPENING BID: $20,000 –

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:
3932 Colchester Road is located in the Oaklee neighborhood in southwest Baltimore. Oaklee is a very small neighborhood situated immediately northeast of the Baltimore County line, surrounded by Arbutus, Catonsville, Irvington and Violetville. The home is convenient to major employment centers through the BWI Corridor and Downtown Baltimore. The University of Maryland Baltimore County campus is within approximately 2 miles. Baltimore Beltway (I-695) exit 12 is approximately one mile away. Surrounding properties are comprised of brick townhomes and garden apartments.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/oaklee/

SITE:
Lot size: 32’4″ x 80′, more or less

Fenced yard

Parking pad

All public utilities

Zoned R-6, Residential

IMPROVEMENTS:
Two story brick end-of-group townhome – the home was constructed in 1949, contains 884 square feet of living area and 442 square feet of partially finished basement space. The home features wood floors, vinyl-clad replacement windows, updated boiler and hot water heater.

Exterior

• Brick exterior
• Asphalt shingle roof
• Vinyl-clad replacement windows
• Aluminum down spouts and rain gutters

First Floor

• Living room – wood floors
• Dining room – wood floors
• Galley kitchen – laminate floor

Second Floor

• Bedroom – wood floor
• Bedroom – wood floor
• Full ceramic tile bath

Basement/Mechanicals

• Full, tile flooring
• Laundry area
• Updated gas boiler
• Updated 50 gallon gas water heater
• 100 amp. electrical service

The home had a water leak, and is in need of cosmetic repairs.

TAXES:
Current annual real estate taxes are $2,544.08 based on a full value assessment of $107,800. 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; and will be sold free and clear of liens.

TERMS OF SALE:
A $2,500 deposit, payable by certified check or 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, ground rent, 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!

Sale by order of the Estate of Muriel L. Pease