"Lutherville-Timonium - Chapelgate"

 REAL ESTATE AUCTION 

– $250,000 Suggested Opening Bid –

“Chapelgate”

TWO STORY TOWNHOME
3 Bedrooms ◆ 2.5 Baths ◆ Family Room

Sale On Premises
34 ALDERMAN COURT
Off Jennifer Road South of Mays Chapel Road
Baltimore County, MD 21093

WEDNESDAY, OCTOBER 4, 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:
34 Alderman Court is located in Chapelgate, a townhouse community built in the late 1980s. The neighborhood is situated south of Padonia Road and Mays Chapel Road, north and west of Jennifer Road. Nearby public schools are Mays Chapel Elementary, Ridgely Middle and Dulaney High, according to the Baltimore County government web site. Chapelgate is convenient to I-83 Exit 17-Padonia Road, providing good access to the Baltimore Beltway (I-695) and employment centers throughout the metropolitan area. The surrounding area consists of well maintained housing, bordered by the Baltimore Country Club. Shopping is close by on York Road and in Hunt Valley.

SITE:
Lot 22′ x 88′, slightly elevated above street grade
All public utilities
Concrete patio at basement level in rear
Wood sun deck off first floor
Zoning DR 5.5, residential

IMPROVEMENTS:
Two Story Inside-Group Brick Townhome, built in 1988, containing 1,760 square feet of living area and 880 square feet of basement space, according to public tax records.

Exterior
Brick facade
Composition shingle roof
Vinyl-clad double hung windows
Full, concrete block basement foundation

First Floor

• Entry Foyer – ceramic tile floor
• Living/Dining Combination – wood floor
• Eat-in Kitchen – ceramic tile floor, wood cabinets, laminate counters, electric range/oven, refrigerator, dishwasher, microwave, disposer, sliding doors to rear deck
• Half-Bath – ceramic tile floor
• Coat Closet

Second Floor

• Master Bedroom – carpeting, double door entry, 2 closets, full ceramic tile Master Bath with bathtub and walk-in shower
• Bedroom #2 – carpeting
• Bedroom #3 – carpeting
• Full Hall Bath – ceramic tile

Lower Level (at grade in rear)

• Family room – carpeting
• Storage closet
• Unfinished area with sliding door walkout to patio, washer, dryer, utility sink

Mechanical
Electric heat pump and central air conditioning
200 ampere electrical service
Electric water heater

TITLE:
The property is in fee simple and is sold free and clear of liens. Baltimore County Deed Book 34359, Page 228.

HOMEOWNERS ASSOCIATION:
Quarterly HOA charges are $295/quarter and provide for exterior and common area grounds maintenance. HOA Resale Package.

TAX INFORMATION:
Published annual real estate taxes are $4,556, based on a full value assessment of $321,133. 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 $20,000 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, homeowners association fees, 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 rescission under the Maryland Homeowners Association (HOA) Act, having had sufficient time to review the HOA resale package. 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