Perry Hall

REAL ESTATE AUCTION

c. 1853
TRADITIONAL HOME
On 1.23± Acres

– Redevelopment Potential –

Sale on Premises:
9118 SNYDER LANE
Near E. Joppa Road
Baltimore County, MD 21128

THURSDAY, APRIL 13, 2017
AT 1:30 P.M.

– Suggested Opening Bid: $99,000 –

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:
9118 Snyder Lane is located in the Perry Hall area of northeastern Baltimore County. Snyder Lane runs between E. Joppa and Chapel Roads, a short distance east of Belair Road. Honeygo Boulevard is approximately one mile to the east. The location is extremely convenient to the amenities found throughout Perry Hall, White Marsh and Nottingham. I-95 and the Baltimore Beltway (I-695) are both easily accessible via White Marsh Boulevard. Surrounding homes are a mix of detached, traditional homes built between 1970 and 2000. Nearby schools are believed to be Perry Hall Elementary, Middle and High. The auction presents an excellent opportunity to buy and renovate a unique home on a large lot, or to potentially redevelop the property.

For more information about Baltimore County, please visit:
baltimorecountymd.gov
bcps.org
and
myneighborhood.baltimorecountymd.gov

SITE:
Irregularly shaped lot: 1.23 acres, more or less.

The lot is gently sloping, with mature trees and a stream towards the eastern boundary. Some mature trees.

Asphalt driveway with large parking area (potential basketball court).

Two story, two car semi-detached garage. Masonry construction with brick and siding facade. Upper level of garage previously used for storage.

Public water and sewer are believed to be in the property.

Zoned DR-5.5 – Residential – 5.5 dwelling units/acre
For more information about Baltimore County zoning, please visit:
http://www.baltimorecountymd.gov/Agencies/planning/zoning/citizensguide.html

IMPROVEMENTS:
Two story colonial home – originally constructed in 1853 and containing 1,966 square feet of living area, according to public tax records. The home was expanded to include additional finished space and a breezeway leading to the garage. Features include hardy-plank siding and some updated windows. The home has been mostly gutted, and is arranged for 7 rooms and 1.5 baths. Needs full renovation.

TAXES:
Published annual real estate taxes are $3,405.80, based on a full value tax assessment of $255,900. 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:
The parcel is in fee simple and sold free and clear of liens.

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. The Purchaser agrees to waive their right of inspection for lead paint, as provided under current Federal and State law. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence.

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