"Towson - Hampton"

REAL ESTATE AUCTION

“Hampton”

RANCH HOME
– On 0.93 Acre –

Sale On Premises
1230 PROVIDENCE ROAD
Near Stags Head Road
Baltimore County, MD 21286

WEDNESDAY, JULY 12, 2017
AT 2:00 P.M.

– SUGGESTED OPENING BID: $125,000 –

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:
1230 Providence Road is located in the Hampton neighborhood in Towson. Hampton sits just north of the Baltimore Beltway (I-695), and is named for the Hampton National Historic Site, which is situated at the southwest corner of the neighborhood. Neighborhood homes were constructed primarily in the 1950’s and 1960’s, and consist of a variety of architectural styles. The area is well known for well sized lots, and excellent proximity to I-695, I-83 and central Towson. The Loch Raven Reservoir area, which includes the Pine Ridge Golf Course, walking trails and other recreational opportunities, is immediately north of the neighborhood. According to bcps.org, nearby schools are Hampton Elementary, Ridgely Middle and Loch Raven High.

For more information about the area, please visit:
https://www.baltimorecountymd.gov/

SITE:
Lot size: 0.93 acre, more or less

The lot fronts 135.57′ on Providence Road, has depths of 228.36′ and 227.38′, and a rear lot line of 175′.

Gravel driveway

Private well – yield test results

Private septic

IMPROVEMENTS:
Ranch home – constructed in 1959 and containing 1,688 square feet of living area, according to public tax records. The home features a vinyl siding and brick facade, vinyl-clad replacement windows, has been gutted, and is arranged as follows: living room with fireplace, kitchen, dining room, family room, three bedrooms and full bath. Needs full renovation.

TAXES:
Current annual real estate taxes are $2,985.80 based on a full value assessment of $240,000. 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 $15,000 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. 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!