"Dundalk - Inverness"

Rob Goldman Legal Solutions
6800-B Holabird Avenue
Dundalk, MD 21222

GUARDIAN’S AUCTION
– $100,000 Suggested Opening Bid –

“Inverness”

STONE BUNGALOW
Corner Lot with Partial Water View

Sale On Premises
404 BAYSIDE DRIVE
Off Wise Avenue, near Chink Creek
Baltimore County, MD 21222

TUESDAY, NOVEMBER 14, 2017
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:
404 Bayside Drive is located in the Dundalk area of southeastern Baltimore County. The home is situated in the Inverness neighborhood of Dundalk, east of Merritt Boulevard, south of Wise Avenue and west of the Bear Creek bridge. The neighborhood is bounded by Chink Creek and Bear Creek, which lead to the Patapsco River and Chesapeake Bay. Homes in the immediate neighborhood are predominantly tidy, one and two story bungalows, built in the 1940s and 1950s.

According to the Baltimore County government website, nearby public schools are Sandy Plains Elementary, General John Stricker Middle and Patapsco High. The neighborhood is convenient to shopping, community amenities, and the Baltimore Beltway (I-695). Inverness Park is within walking distance. Major area employers include Amazon and UPS. The neighborhood is about 10 minutes west of the Tradepoint Atlantic Sparrows Point redevelopment, via nearby North Point Boulevard.

SITE:
Level lot, corner of Winona Avenue, approximately 49′ x 115′ or approximately 0.12 acre of land – see highway widening plat recorded at Liber 6032, Page 579.
Record Plat
Zoning DR 5.5, residential
All public utilities are in the property
Fully fenced yard
Concrete two-car driveway
Stone patio with barbecue
Storage shed
Partial water view of Chink Creek

IMPROVEMENTS:
One and One-half Story Bungalow – built in 1940, containing 1,272 square feet of living area and 720 square feet of basement space, according to public tax records.

Exterior
Stone facade
Composition shingle roof with aluminum rain spouts
Full basement foundation
Double-hung replacement windows

First Floor – plaster walls

• Living Room – carpeting
• Dining Room – carpeting
• Kitchen – carpeting, wood cabinets, laminate counter, gas range/oven
• Bedroom – carpeting
• Full Bathroom – wood floor, ceramic tile wainscot
• Florida Room – hardwood floor, wood burning fireplace

Second Floor

• Bedroom – carpeting
• Half-Bath – wood floor
• Loft Area with 5 storage closets

Basement

• Family Room – vinyl tile floor, pool table
• Laundry Area – washer, dryer, utility sink

Mechanical
Oil, baseboard hot water heat
100 amp. electrical service
Gas, 30-gallon water heater

The home appears well maintained, but needs updating and cosmetic repairs. Some furnishings will convey.

TITLE:
Original property owner! The property is sold free and clear of liens, subject to an annual $36 ground rent, not registered. Baltimore County Deed Book 1832, Page 470.

TAXES:
Published annual real estate taxes are $1,880, based on a full value assessment of $127,400. 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

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, 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.

Auction by order of:
Brenda P. Davenport, Guardian of George H. Mack and Doris V. Mack