Absolute Above $50,000 - "Harford County - Kalmia"

ABSOLUTE AUCTION
To the Highest Bidder Above $50,000

RESIDENTIAL COMPOUND
0.29± Acre ◆ 3 Buildings

Sale On Premises
2711 FORGE HILL ROAD
Just East of Conowingo Road (US-1)
Bel Air, MD 21015

THURSDAY, FEBRUARY 16, 2017
AT 11:00 A.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:
2711 Forge Hill Road is located in northeastern Harford County, midway between Bel Air and Conowingo. The surrounding area is rural, consisting of large farms, community businesses and single family houses. The property is near Palmer State Park and the Deer Creek Conservation Area. Conveniently located just off US Route 1, also known as Conowingo Road, access to Bel Air and points south is convenient, with minimal traffic. According to the Harford County Public Schools web site, nearby public schools are Dublin Elementary, Southampton Middle and C. Milton Wright High.

SITE:
Triangular lot fronts 184.99′ along the east side of Forge Hill Road and comprises 0.29 acre. The lot adjoins a large farm in the rear.

Zoning AG, agricultural

Existing well and septic

Asphalt parking pad

IMPROVEMENTS:
Building No. 1 – one story frame home with vinyl siding, containing approximately 1,000 square feet of living area, according to public tax records. The home contains a foyer, living room, eat-in kitchen, large bedroom (could be divided) and bath, with electric baseboard heat.

Building No. 2 – one story frame building with vinyl siding, containing approximately 475 square feet of clear unfinished space.

Building No. 3 – one story frame storage building with electricity, containing approximately 240 square feet.

The buildings range from fair to poor condition. One or more may be suitable for renovation or all three could be cleared for a nice building lot.

TITLE:
The property is in fee simple and sold free and clear of liens. Harford County Deed Book 12144, Page 344.

TAXES:
Published annual real estate taxes are $1,742, based on a full value assessment of $133,800. 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 $5,000 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.