"Owings Mills New Town"

On-Site Bidders – a $25,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.

Online Bidders – a $25,000 deposit, by cashier’s check or wire transfer, is required at the Auctioneer’s Office, prior to the start of the live auction. The deposit will be returned within 24 hours following the auction to non-winning bidders. Deposit Escrow Agreement. 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.

Law Office of Arthur L. Drager
One N. Charles Street – Suite 1200
Baltimore, MD 21201

Estate Sale

Live & Simulcast Online Bidding
$250,000 Opening Bid

OWINGS MILLS NEW TOWN

“Carriage Homes At The Pointe”

Two Story Semi-Detached
COLONIAL HOME
4-5 Bedrooms ◆ 3.5 Baths ◆ Garage

Known As
105 RANGEFORD DRIVE
Off New Town Boulevard
Baltimore County, MD 21117

Online Bidding Opens
WEDNESDAY, FEBRUARY 8, 2023

Live Onsite Auction
FRIDAY, FEBRUARY 10, 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:
105 Rangeford Drive is located in the Owings Mills New Town community of northwestern Baltimore County. Most of the community has been constructed during the past twenty years and includes a village shopping center, schools, shops, offices and restaurants. Housing consists of condominium and rental apartments, townhomes and single-family detached and semi-detached homes. Nearby public schools are New Town Elementary, Deer Park Middle and New Town High, according to the Baltimore County government web site. The community is close to I-795, MTA Subway and the regional Mill Center shopping and entertainment complex.

The subject home is within walking distance of New Town Village Center, a community swimming pool, playground and day care center. Quarterly homeowners association dues are $64.51. HOA Resale Package

SITE:
Lot size approximately 50′ x 61′. Site Plan and Record Plat
Public utilities
Concrete driveway leads to garage
Landscaping
Rear sun deck
Zoning DR 10.5, residential

IMPROVEMENTS:
Two Story Colonial Home, built in 2001, containing 2,228 square feet of living area, 1,116 square feet of basement space (approximately half of which is finished) and 240 square foot one-car garage. The only common walls between the house and the home next door are the garage wall and laundry room wall.

Exterior – vinyl siding, architectural shingle roof, vinyl-clad double-hung windows, rear wooden sun deck, poured concrete foundation

First Floor

• Two Story Entry – wood floor, coat closet
• Large Living/Dining Combination – wood floor
• Eat-in Kitchen – luxury vinyl flooring (wood look), wood cabinets, Corian-type counters, pantry, stainless steel appliances – gas range/oven, microwave, refrigerator/freezer, dishwasher, disposal, generous breakfast nook with sliding doors to sun deck
• Family Room – off kitchen, carpeting, gas fireplace
• Half-Bath – luxury vinyl flooring, vessel sink
• Laundry Room – luxury vinyl flooring, LG washer and dryer, utility sink

Second Floor

• Primary Bedroom – carpeting, enormous walk-in closet, En-Suite Bathroom – ceramic tile, tub, shower, double sink, water closet
• Bedroom #2 – carpeting
• Bedroom #3 – carpeting
• Bedroom #4 – carpeting
• Linen Closet
• Full Hall Bathroom – ceramic tile, double sink

Basement

• Family Room #2 – carpeting, sliding door walkout to rear yard
• Bonus Room or Bedroom #5 – carpeting, walk-in closet
• Full Bathroom – vinyl floor, ceramic wainscot
• Linen Closet
• Approximately one-half the basement is unfinished space with high ceiling and suitable for build-out if desired

Mechanical – gas forced air heat, central air conditioning, 50-gallon gas water heater, 200 amp. electrical service, sump pump, security alarm

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 15163, Page 93.

TAXES:
Published annual real estate taxes are $4,368, based on a full value assessment of $304,700.

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.

On-Site Bidders – a $25,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.

Online Bidders – a $25,000 deposit, by cashier’s check or wire transfer, is required at the Auctioneer’s Office, prior to the start of the live auction. The deposit will be returned within 24 hours following the auction to non-winning bidders. Deposit Escrow Agreement.

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, homeowners association fees, 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration, By-Laws, Rules and Regulations of the Carriage Homes at The Point Homeowners Association. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of rescission under the Maryland Homeowners Association Act, having reviewed the HOA Resale Package before bidding on the property. 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.

No buyer’s premium.

Arthur L. Drager, Personal Representative of the Estate of Frances M. Cockey