"Bel Air"

Live Auction Bidders – A $20,000 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 or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

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.

Live Onsite & Simulcast Online Bidding
$125,000 Opening Bid

BEL AIR

RANCH HOME
WITH IN-GROUND POOL
3 Bedrooms ✦ 1.5 Baths ✦ 0.83 ± Acre
– Renovation Needed –

Known As:
1414 PROSPECT MILL ROAD
Bel Air, Harford County, Maryland 21015
Near N. Fountain Green Road

Online Bidding Opens
TUESDAY, DECEMBER 3, 2024

Live Onsite Auction
THURSDAY, DECEMBER 5, 2024
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:
1414 Prospect Mill Road is located in the Bel Air area of Harford County, a short distance north from the Town of Bel Air city limits. The location offers a balance between a rural Harford County ambiance and excellent proximity to area conveniences and major employers. US-1 (Belair Road) is one mile north and the East-West Highway is within one and one half miles away. Redner’s Fresh Markets is within a mile of the home along with several other restaurants and entertainment venues. Recreational opportunities in the area are also abundant, with Heavenly Waters Park, Tollgate Park, the Harford County Equestrian Center and a number of other parks, trails and playgrounds within just a couple of miles. According to the Harford County Public Schools website, nearby schools are Hickory Elementary School, Southampton Middle and C. Milton Wright High School.

For more information, please see below:
Harford County, MD – www.harfordcountymd.gov
Town of Bel Air, MD – www.belairmd.org
Harford County Public Schools Bus & School Locator – www.hcps.org

SITE:
Flat lot comprising 0.83 acre, more or less

Asphalt horseshoe driveway with parking for 10+ vehicles

In-ground pool with pool equipment shed. No information regarding pool condition or equipment.

Fenced yard

Gazebo

Home serviced by well and septic.
Potability Test Report
Well Yield Test Report

IMPROVEMENTS:
Ranch home with attached two car garage, constructed in 1967, containing 1,488 square feet of living area and 1,056 square feet of basement space, according to public tax records. The home is vacant and requires renovation.

EXTERIOR:
Vinyl siding
Asphalt shingles
Vinyl replacement windows
Concrete foundation

INTERIOR:
Living room – hardwood flooring
Den – subflooring, with access to the garage
Eat-in kitchen – linoleum flooring with ceiling fan
Bedroom – hardwood flooring with ceiling fan and en-suite half bath
Bedroom – hardwood flooring with ceiling fan
Bedroom – hardwood flooring with ceiling fan
Hall bathroom – tile flooring

Basement:
Large unfinished basement with walkout to rear yard
Wood burning stove
Washer dryer area with utility sink
Two sump pumps

Mechanical information:
200 amp electrical circuit
Oil furnace with oil tank
Central air conditioning
62 gallon electric water heater
Water softening system

TITLE:
In fee simple; Sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $2,748, based on a full value assessment of $252,133.

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 $20,000 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 or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

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, ground rent and 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, and agrees to waive any right of rescission under the State of Maryland Code regarding well water requirements. Purchaser assumes the risk of loss from the date of contract forward. 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 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.