"Towson - Ridgeleigh"

A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. No buyer’s premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

J. Michael Holloway, Attorney
Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

GUARDIAN’S AUCTION
$50,000 Suggested Opening Bid

“Ridgeleigh”

Brick, Porchfront
SEMI-DETACHED HOME
2 Bedrooms ◆ 1.5 Baths
– Renovation Needed –

Sale On Premises
8611 PLEASANT PLAINS ROAD
Off Joppa Road
Baltimore County, MD 21286

THURSDAY, OCTOBER 27, 2022
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of John Trombetta, Case No. C-03-FM-22-000331, the undersigned Guardian will sell at public auction the above-captioned property.

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:
The property is located in the Ridgeleigh neighborhood south of Joppa Road and west of Loch Raven Boulevard. The immediate neighborhood is comprised of tidy brick townhomes, built in the 1940s and 1950s. Shopping and public transportation are within walking distance. The Baltimore Beltway (I-695), is less that one mile away. Nearby public schools are Pleasant Plains Elementary, Loch Raven Academy Middle and Loch Raven High, according to the Baltimore County government web site.

SITE:
Rectangular lot 25′ x 115′. Plat
Zoning DR 5.5, residential
Public utilities
Rear yard backs to mature woods
Fenced lot

IMPROVEMENTS:
Two Story Brick Semi-Detached Home, built in 1945, containing 930 square feet of living area and 465 square feet of basement space, according to public tax records. The home has a covered front porch, asphalt shingle roof, metal double-hung windows and concrete block foundation.

First Floor

• Living Room – carpeting over wood floor
• Eat-in Kitchen – vinyl floor, metal and wooden cabinets, laminate counters, gas range/oven,

Second Floor

• Two Bedrooms – wood floors
• Full Bathroom – ceramic tile
• Walk-up Attic

Basement

• Knotty Pine Club Room – vinyl floor
• Half-Bath
• Laundry/Utility Room – vinyl floor, washer, utility sink, outside exit

Mechanical – oil forced air heat, gas water heater

The home is in poor condition and needs renovation.

TITLE:
The property is sold free and clear of liens, subject to an annual $78 ground rent, payable semi-annually on the first days of June and December, in each and every year. Baltimore County Deed Book WJR No. 3690, Page 499.

TAXES:
Published annual real estate taxes are $1,873, based on a full value assessment of $117,900.

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: Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Deposit funds shall be held by A. J. Billig & Co., LLC. 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.

Terry K. Sullivan, Guardian of the Property of John Trombetta