"Joppatowne"

 REAL ESTATE AUCTION 

$100,000 Suggested Opening Bid

BRICK RANCHER
– Renovation Needed –

Sale On Premises
1039 ERWIN DRIVE
Off Enfield Road
Joppa, Harford County, MD 21085

THURSDAY, DECEMBER 21, 2017
AT 11:00 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:
The property is located in the Joppatowne neighborhood of southern Harford County, south of US-40 and east of Joppa Farms Road. The surrounding neighborhood is a mixture of detached homes, townhomes and apartments. Most appear to be well maintained. According to the Harford County Public Schools website, nearby public schools are Joppatowne Elementary (within walking distance), Magnolia Middle and Joppatowne High. The neighborhood is convenient to I-95, providing good access to employment centers throughout the area.

SITE:
Lot size 75′ x 110′ x 165′ x 99′ or 0.24 acre
Level lot
All public utilities
3-4 car driveway leading to carport
Wooden storage shed

IMPROVEMENTS:
One Story Brick Rancher – constructed in 1963 and containing 1,026 square feet of living area, according to public tax records.

Exterior
Brick facade with vinyl siding trim
One-car carport with storage room
Asphalt shingle roof
Vinyl-clad double-hung windows

Interior

• Living Room – wood floor
• Dining Room – concrete floor, sliding doors to rear yard
• Kitchen – vinyl floor
• 3 – Bedrooms – vinyl floors
• Bathroom – ceramic tile, walk-in shower
• Linen closet

Mechanical
Electric baseboard heat
Electric water heater
200 amp. elec.

The home needs updating.

TITLE:
The property is in fee simple and sold free and clear of liens. Harford County Deed Book 12451, Page 258.

TAXES:
Published annual real estate taxes are $1,798, based on a full value assessment of $138,033. 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:
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. 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.