"Essex"

Live Auction Bidders – A $15,000 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.

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
$100,000 Opening Bid

ESSEX

Large, Porchfront
TWO STORY COTTAGE
4 Bedrooms ◆ 2.5 Baths ◆ Garage ◆ Pool

Renovation Required

Known As
21 WALKERN ROAD
Off Old Eastern Avenue
Baltimore County, MD 21221

Online Bidding Opens
TUESDAY, APRIL 30, 2024

Live Onsite Auction
WEDNESDAY, MAY 1, 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:
The property is situated in the Essex area of eastern Baltimore County, between Old Eastern Avenue, Eastern Boulevard (MD-150) and Stemmers Run Drive. The surrounding neighborhood is comprised of tidy single family homes of varying age and style. Lennnar Homes is building new luxury homes two blocks away. Shopping, public transportation and community services are within walking distance. The home is less than one mile from MD-702, providing access to the Baltimore Beltway (I-695) and employment centers throughout the region. Nearby public schools are Mars Estates Elementary, Stemmers Run Middle and Kenwood High, according to the Baltimore County government website.

SITE:
Level lot – 150′ x 150′, comprising 0.51 acre
Zoning DR 5.5, residential
Public Utilities
8-car asphalt driveway leads to detached two-car garage
Fenced rear yard
Inground swimming pool – needs repair

IMPROVEMENTS:
Two Story Shingle Cottage, built in 1910, containing 2,541 square feet of living area, 936 square feet of basement space and 360 square foot garage, according to public tax records. The home has a composition shingle roof, vinyl-clad double-hung windows and concrete block foundation. Wood/laminate floors throughout.

First Floor

• Foyer with closet
• Living Room
• Dining Room
• Kitchen – no cabinets or appliances
• Sun Room
• Office
• Primary Bedroom with en-suite full bathroom – tub and walk-in shower stall
• Family Room with brick raised hearth fireplace and window wall
• Laundry/Half-Bath

Second Floor

• 3 Additional Bedrooms
• Full Bathroom with tub and walk-in shower stall

Attic

Basement – unfinished, outside exit

Oil fired hot water baseboard heat.

The home needs updating and repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Buyer may select their own title company. However, if buyer uses Cotton Duck Title, the seller will pay $500 towards their closing costs.

TAXES:
Published annual real estate taxes are $2,664, based on a full value assessment of $219,800.

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 $15,000 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.