The property will be open 1 hour prior to the live onsite auction and is also available to view per the following instructions:
For Agents: please schedule online via ShowingTime.
For Individuals: Request Access to Property. Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Mon.-Fri. 9 am – 4 pm.
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, by 11:00 A.M., Monday, February 6, 2023, at the Auctioneer’s office (wire or cashier’s check). 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.
Arthur L. Drager, Esquire
Law Offices of Arthur L. Drager, LLC
One N. Charles St., Suite 1200
Baltimore, MD 21201
– Suggested Opening Bid: $100,000 –
3 Bedrooms ✦ Needs Full Renovation
Sale On Premises
1505 CLEARWOOD ROAD
Parkville, Baltimore County, MD 21234
FRIDAY, FEBRUARY 3, 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.
1505 Clearwood Road is located in the Hillendale Park subdivision in the Parkville or East Towson area of Baltimore County. Surrounding neighborhoods include Loch Raven Heights, Loch Raven Manor and Hillendale Farms. Hillendale Park was originally developed in the late 1920’s, with portions of the neighborhood having been filled-out through the 1950s. The neighborhood is comprised of roughly 600 single family homes and 18 townhomes.
The home is very conveniently located, near Putty Hill Avenue, Loch Raven Boulevard, Perring Parkway and E. Joppa Road. The Loch Raven Boulevard and Perring Parkway exits from the Baltimore Beltway (I-695) are only one mile north and northeast, respectively. There are extensive options for shopping, dining and entertainment throughout the area, with a number of retail centers within one mile. A number of major employers, including Stanley Black & Decker and Towson University, are also nearby. According to the Baltimore County Public Schools locator app, nearby schools are Pleasant Plains Elementary, Loch Raven Technical Academy (middle) and Parkville High.
For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Baltimore County Public Schools – www.bcps.org
Lot size – 18′ x 102′, comprising 1,836 square feet or 0.042 acre, more or less. Plat
Front yard and fenced rear yard with off-street parking potential
All public utilities
Zoned DR 5.5 Residential
Two story brick inside-group townhome – constructed in 1954, containing 1,008 square feet of living area above grade and 504 square feet of partially finished basement space.
The all brick home has vinyl-clad replacement windows, asphalt shingle roof and aluminum downspouts and rain gutters. Interior features include wood floors, forced air heat and central air conditioning.
The home is arranged as follows: living room, dining room and kitchen with walk-out to rear yard, on the first floor; 3 bedrooms and full bath, on the second floor; knotty pine club room, laundry and utility area, in the basement; pull-down attic; gas forced air heat, CAC and gas water heater.
Note – The home needs full renovation.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $2,591.53, based on a full value assessment of $143,500.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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, by 11:00 A.M., Monday, February 6, 2023, at the Auctioneer’s office (wire or cashier’s check). 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. 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.
The property may be subject to short sale proceedings with one or more lenders pending sale price. Purchaser and seller agree to extend closing to a total of not more than 90 days if a short sale process is required with a lender. If at the conclusion of 90 days, there is no resolution with the lender, the buyer’s deposit shall be refunded, and the contract of sale will be null and void and of no effect.
Arthur L. Drager, Guardian of the Property of Linda W. Jones
No Buyer’s Premium!