"Frederick County - Near Potomac River & Harpers Ferry"

A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 p.m. on the day of auction. 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. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Maxwell White, Attorney
12111 Main Street, Union Bridge, MD 21791

Estate Sale

To the Highest Bidder Above $50,000

FREDERICK COUNTY

Near Potomac River & Harpers Ferry

PORCHFRONT BUNGALOW
3 Bedrooms ◆ 2 Baths

– Renovation Needed –

Known As
223 JEFFERSON PIKE
Knoxville, MD 21758

Online Bidding Opens
MONDAY, OCTOBER 21, 2024

Online Bidding Closes
TUESDAY, OCTOBER 22, 2024
AT 11:30 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:
Knoxville, Maryland is an unincorporated community located in Frederick and Washington counties. Nestled at the base of South Mountain and adjacent to the Potomac River, it offers picturesque views and a rich history. The area was first settled by English and German immigrants in the late 18th century. Knoxville grew significantly in the 1840s with the arrival of the Baltimore and Ohio Railroad and the Chesapeake and Ohio Canal.

The community is known for its historic sites, including the Robert Clagett Farm and Magnolia Plantation, both listed on the National Register of Historic Places. Knoxville’s charming, historic buildings reflect its growth during the mid-19th century, making it a quaint and historically significant place to visit.

223 Jefferson Pike (MD-180) is located south of US-340, about nine miles southwest of Frederick and two miles east of Harpers Ferry. According to the Frederick County online school locator, nearby public schools are Brunswick Elementary, Middle and High.

SITE:
Nearly rectangular lot, approximately 75′ x 104′, comprising 0.172 acre
Zoning R-1, residential
Spring water and public sewer are believed, but not warranted, to be in the site
Partially fenced
Asphalt parking pad for 2 cars

IMPROVEMENTS:
Covered Porchfront Bungalow, built in 1922, containing 1,824 square feet of living area and 1,266 square feet of basement space, according to public tax records. The home is vinyl sided, has vinyl-clad replacement windows, field stone and concrete foundation, and composition shingle roof.

First floor contains living room, dining room, eat-in kitchen, bedroom and bath. Second floor has two bedrooms and bath. Hardwood floors. Unfinished basement. No heat. Substantial renovation is needed.

TITLE:
The property is in fee simple and sold free and clear of liens. Frederick County Deed Book CCK 2439, Page 728.

TAXES:
Published annual real estate taxes are $1,819, based on a full value assessment of $157,100.

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.
A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 p.m. on the day of auction. 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, 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. 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% buyers premium will be added to the final bid price and becomes part of the contract price.

Estate of Joyce Ann Lear