"Middle River - Victory Villa"

A $10,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale, if purchased at the live on-site auction. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. If the property is purchased online, a 10% deposit shall be paid by wire or cashier’s check by 4:00 p.m. on the day of sale. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. 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.

Featuring Live & Online Simulcast Bidding
-$50,000 Opening Bid-

MIDDLE RIVER
“Victory Villa”

RANCH HOME
– On 0.115 ± Acre –

Known As:
5 TORQUE WAY
Middle River, Baltimore County, MD 21220

Online Bidding Opens:
MONDAY, JULY 31, 2023

Live Onsite Auction:
TUESDAY, AUGUST 1, 2023
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:
5 Torque Way is located in the Victory Villa subdivision of Middle River in Baltimore County. The neighborhood is predominantly made up of 1940’s ranch homes. The home is a commuter’s dream, being within 5 minutes of I-95, I-695 and Route 40. Within two miles of the home, you’ll find everything you need for everyday living, including grocery stores, home improvement stores, restaurants, and retail shops. There are also several marinas and other forms of water access nearby, making it the perfect place to enjoy the outdoors. The area is home to a number of major employers, including Johns Hopkins Bayview Campus, MedStar Franklin Square Medical Center, and TransAmerican Trucking Service. According to the Baltimore County Public Schools Locator, the public schools are Victory Villa Elementary School, Middle River Middle School and Kenwood High School.

For more information, please see:
My Neighborhood Map – bcgis.baltimorecountymd.gov
Middle River, MD – www.niche.com

SITE:
Lot – 0.115 Acre, more or less. Plat

Fenced yard

Zoned Residential

All public utilities

IMPROVEMENTS:
Ranch home – according to public tax records, the house was constructed in 1942 and contains 672 square feet of living area with no basement. The home is arranged as living room, eat-in kitchen, two bedrooms and bathroom. The home requires complete renovation.

TITLE:
In fee simple; sold free and clear of liens. Baltimore County Deed Book SM 22134, folio 100.

TAXES:
Published annual real estate taxes are $1,861 based on a full value assessment of $121,400.

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 purchased at the live on-site auction. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. If the property is purchased online, a 10% deposit shall be paid by wire or cashier’s check by 4:00 p.m. on the day of sale. 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, 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 the 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. 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.