"Bel Air - Fountain Glen"

Live Auction Bidders – A $25,000 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. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – a $25,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction.
Deposit Escrow Agreement

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.

Live Onsite & Online Simulcast Bidding
$250,000 Opening Bid

BEL AIR

“Fountain Glen”

TWO STORY
COLONIAL HOME
3 Bedrooms ◆ 2.5 Baths ◆ Garage

Known As
1407 FOUNTAIN GLEN DRIVE
Harford County, MD 21015

Online Bidding Opens
MONDAY, DECEMBER 4, 2023

Live Onsite Auction
TUESDAY, DECEMBER 5, 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:
1407 Fountain Glen Drive is located in the “Fountain Green” subdivision of Bel Air, south of MD-22 and west of Fountain Green Road. The neighborhood is equidistant to US-1 and I-95. Shopping, restaurants, parks and community services are nearby. The Fountain Green neighborhood consists of well-kept single family detached homes, built in the 1990s. Recent sales in Fountain Green ranged from $394,000 to $630,000 during the last year, according to Bright MLS. Nearby public schools are Fountain Green Elementary, Southampton Middle and C. Milton Wright High, according to the Harford County School Locator web site.

HOA:
Monthly homeowners association fees are $23.

HOA resale package:
Resale Disclosure
HOA Documents

SITE:
0.198 acre, fronting 80′ x 120′. Plat
Fenced rear yard
Zoning R2, residential
Public utilities
Concrete 4-car driveway, leading to attached garage

IMPROVEMENTS:
Two Story Colonial Home, built in 1995, comprising 1,768 square feet of living area, 1,024 square feet of basement space (about half is crawl space), and 400 square feet of garage, according to public tax records.

Exterior – brick front, vinyl siding, vinyl-clad double-hung windows, concrete foundation, composition shingle roof

First Floor

• Foyer – wood floor
• Living/Dining Room – wood floor
• Kitchen – laminate floor, wood cabinets, granite counters, dishwasher, refrigerator, electric range/oven
• Family Room – wood floor, sliding doors to rear yard
• Half-Bath – ceramic tile

Second Floor

• Primary Bedroom – sub-floor, walk-in closet, en-suite Full Ceramic Tile Bath
• Bedroom #2 – sub-floor
• Bedroom #3 – sub-floor
• Full Hall Bathroom – ceramic tile

Basement

• Unfinished
• Washer & Dryer

Mechanical – electric heat pump and central air conditioning, 50-gallon electric water heater, 200 amp. electrical service, sump pump

The home needs some updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Harford County Deed Book MLK 15879, Page 120.

TAXES:
Published annual real estate taxes are $3,479, based on a full value assessment of $339,400.

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 $25,000 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. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – a $25,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction.
Deposit Escrow Agreement

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, and subject to the Declaration and By-Laws of the Fountain Glen Homeowners Association, Inc. Purchaser agrees to waive any right of rescission under the Maryland Homeowners Act, having reviewed the HOA resale package prior to bidding. 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. A 5% buyer’s premium will be added to the final bid price.