"Chase"

Live Auction Bidders – 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 (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check, is required by 4:00 p.m. on the day of auction. No exceptions. 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.

A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Randi Bocanegra, Attorney
BZ ELDER LAW
P.O. Box 399, Severn, MD 21144

Estate Sale

Live Onsite & Simulcast Online Auction
$50,000 Opening Bid

CHASE

Porchfront
BUNGALOW
2 Bedrooms & Bath

Known As
12312 EASTERN AVENUE
(MD-150), Middle River
Baltimore County, MD 21220

Online Bidding Opens
TUESDAY, APRIL 30, 2024

Live Onsite Auction
WEDNESDAY, MAY 1, 2024
AT 1:00 P.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:
The property is located in the Chase-Middle River area of eastern Baltimore County, west of Ebenezer Road and east of Earls Road. The property is located between Martin State Airport and the Gunpowder River, near Gunpowder Falls State Park, Marsh Point Nature Center, Dundee Creek Marina and Eastern Regional Park. The area is water-oriented and scenic. Housing is low density, yet shopping, restaurants and community services are conveniently close by. Nearby public schools are Chase Elementary, Middle River Middle and Kenwood High, according to the Baltimore County government website.

SITE:
Lot fronts approximately 115′ along the northwest side of Eastern Avenue (MD-150) and comprises approximately 0.299 acre of land. Baltimore County GIS Map

Public utilities

Zoning DR 5.5, residential

Asphalt driveway with off-street parking for 4-6 cars

IMPROVEMENTS:
Brick and vinyl siding one story bungalow, built in 1932, containing 768 square feet of living area, according to public tax records. The home has a covered front porch, rear deck, composition shingle roof and vinyl-clad double-hung windows.

Home contains:

• Living Room – wood floor
• Dining Room – tile floor
• Kitchen – wood floor
• 2 – Bedrooms – carpeting
• Full Bath
• Laundry – tile floor
• Bonus Room – tile floor
• Attic

Electric heat pump and central air conditioning, electric water heater.

The home needs cleaning and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book JLE 35691, Page 322.

TAXES:
Published annual real estate taxes are $1,309, based on a full value assessment of $108,000.

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.

Live Auction Bidders – 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 (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check, is required by 4:00 p.m. on the day of auction. No exceptions.

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, WHERE IS” condition, 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. A 5% buyer’s premium will be added to the final bid price.

Randi Bocanegra, Personal Representative of the Estate Kenneth Lombardi