Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Click 'AJ' icon to access map directions.
The property will be open 2 hours prior to the live onsite auction.
On-Site Bidders – a $20,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.
Online Bidders – a $20,000 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 Offices of Arthur L. Drager
One North Charles Suite – Suite 1200
Baltimore, MD 21201
Live & Online Simulcast Bidding
Sold to the Highest Bidder Above $200,000
SILVER SPRING“Fairland Manor Condominium”
ADA COMPLIANT
TOWNHOUSE
Condominium Unit
4 Bedrooms ◆ 3 Baths ◆ Elevator
Use Restricted to Persons Age 62+
Or Disabled Persons Age 18+
Known As
13400 CEDAR CREEK LANE
Condominium Unit 2-1
Montgomery County, MD 20904
– And –
FORD (2003) E250
WHEELCHAIR VAN
To Be Sold Separately
Online Bidding Opens
MONDAY, JANUARY 9, 2023
Live Onsite Auction
WEDNESDAY, JANUARY 11, 2023
AT 12:00 P.M.
Pursuant to an Order of the Circuit Court for Montgomery County, passed in the matter of The Special Needs Trust of Trohoe Sayee Kparghai, Jr., Case No. V369584, the undersigned Trustee will sell at public auction the real and personal property captioned above.
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.
Real Property
GENERAL INFORMATION:
The townhouse is located in a ten unit condominium section of Fairland Manor. Units in this section must have one occupant (owner or tenant) either age 62+ or disabled age 18+ with certification. The monthly fee is $405. Condominium Resale Package.
LOCATION:
Fairland Manor Condominium is situated south of Fairland Road, west of US-29 and south of MD-200, in the Silver Spring area of Montgomery County. West Fairland Park is just east of the neighborhood. Housing in Fairland Manor is comprised of townhomes, built in the early 2000s and slightly older detached homes. The neighborhood is close to highways, shopping, Metro access and community services.
UNIT:
Two story end-of-group townhouse, built in 2003, containing 1,781 square feet, according to public tax records, plus finished basement.
Exterior – brick and vinyl siding, vinyl-clad double-hung windows, composition shingle roof
First Floor
Second Floor
Basement – mostly finished, ceramic tile flooring
Mechanical – gas forced air heat, central air conditioning, 200 amp. electric, 70-gallon gas water heater, ceiling fans throughout
The house needs cleaning and cosmetic repairs. It will be vacated prior to settlement. Some personal property may remain.
TITLE:
The property is in fee simple and sold free and clear of liens. Montgomery County Deed Book BHM 50173, Page 485.
TAXES:
Published annual real estate taxes are $3,956, based on a full value assessment of $310,000. 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.
On-Site Bidders – a $20,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.
Online Bidders – a $20,000 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, condominium 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 Fairland Manor Condominium. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of rescission under the Maryland Condominium Act, having reviewed the Condominium 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.
Ford Van
Ford (2003) E250 Wheelchair Accessible Van, VIN #1FDPE24L63HB65049. Mileage: 115,956. The van is not currently operating.
TERMS OF SALE (VAN) – cash or certified check, personal check with bank letter of guarantee, removal within 24 hours. The van is sold in “as is, where is” condition, without warranty.
Arthur L. Drager, Successor Trustee
