"Glen Burnie - Glen Gardens"

Lawrence D. Adashek, Attorney
8 Reservoir Circle – Suite 104
Pikesville, MD 21208

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

“Glen Gardens”

3 BEDROOM RANCHER

Sale On Premises
508 KENT ROAD
Anne Arundel County, MD 21060

THURSDAY, JULY 13, 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:
508 Kent Road is located in Glen Gardens, a 1940’s subdivision located east of Ritchie Highway (MD-2) and north of Georgia Avenue, NE in the Glen Burnie area of northern Anne Arundel County. Neighborhood homes are generally tidy and well maintained. Shopping and public transportation are within walking distance. Kent Road has recently installed curbs and sidewalks, virtually no through traffic and ample on-street parking. Nearby public schools are Glendale Elementary, Marley Middle and Glen Burnie High.

SITE:
Level, rectangular lot 57′ x 110′
Zoning R5, residential
Public water, sewer, gas, electric, telephone, cable
Fenced rear yard
2-car parking pad
Metal shed
Wooded in rear

IMPROVEMENTS:
One Story Ranch Home, built in 1955, containing 900 square feet of living area and 900 square feet of basement space, according to public tax records.

Exterior
Aluminum siding
Vinyl-clad sliding windows
Architectural shingle roof
Concrete block foundation

First Floor

• Living Room – carpeting over hardwood, coat closet
  
• Eat-in Kitchen – vinyl floor, wood cabinets, laminate counters, electric range/oven, refrigerator, dishwasher
  
• Bedroom #1 – carpeting over hardwood
  
• Bedroom #2 – carpeting over hardwood
  
• Bedroom #3 – carpeting over hardwood
  
• Full Ceramic Tile Bath
  

Lower Level

• Family Room – vinyl floor, paneled walls
  
• Laundry Room – concrete floor, utility sink, washer and dryer
  
• Utility Room – concrete floor, sump pump
  

Mechanical
Carrier gas forced air heat and central air conditioning
100 ampere electrical service
Gas, 40-gallon water heater
New gas line from street to meter.

The home has been owned by the same family since 1963 and appears to be well maintained. Buyers will likely make updates and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 1967, Page 423.

TAXES:
Published annual real estate taxes are $1,969, based on a full value assessment of $170,800. 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

TERMS OF SALE:
A $10,000 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, 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.