"Pikesville - Valley Stream"

This Auction has been CANCELED.
Sold prior to the auction.

Live Auction Bidders – A $25,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale.

Online Auction Bidders – A $25,000 deposit, payable by wire transfer or cashier’s check, is required prior to the live auction and before bidding on the online platform. No exceptions. Deposit Escrow Agreement

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). 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.

Bruce Goldstein, Attorney
1829 Reisterstown Road – Suite 250
Baltimore, MD 21208

Estate Sale

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

PIKESVILLE

“Valley Stream”

SPLIT-LEVEL HOME
3 Bedrooms ◆ 1.5 Baths ◆ Large Lot

Known As
2506 SMITH AVENUE
Baltimore County, MD 21209

CANCELED

Online Bidding Opens
TUESDAY, SEPTEMBER 17, 2024

Live Onsite Auction
WEDNESDAY, SEPTEMBER 18, 2024
AT 2:00 P.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:
2506 Smith Avenue is located in western Baltimore County, two blocks west of Greenspring Avenue and two blocks east of Greenspring Shopping Center. Neighborhood housing is predominantly comprised of single family detached homes, built during the 1950s and 1960s. Many have been updated and expanded throughout the years. The neighborhood is convenient to Beltway (I-695) Exit 22, MTA Light Rail and Subway and Quarry Lake. Area public schools are Wellwood Elementary, Pikesville Middle and Pikesville High, with private and religious schools nearby. According to Bright MLS, homes in the surrounding Valley Stream neighborhood have sold for $475,000 to $550,000, during the last twelve months.

SITE:
Level lot – 70′ x 130′ x 71′ x 175′, comprising 0.247 acre. Plat
Zoning DR 5.5, residential
Public utilities
Concrete driveway with parking for three cars

IMPROVEMENTS:
Brick and Aluminum Siding Split-Level Home, built in 1956 and containing 1,649 square feet of living area, according to public tax records. The home has a composition shingle roof, vinyl-clad double-hung and sliding windows, a covered front porch and one-car carport with storage shed.

Main Level

• Foyer – vinyl floor, coat closet
• Living/Dining Room – carpeting, exit to carport
• Eat-in Kitchen – LVP flooring, white laminate cabinets, laminate counters, electric range/oven, refrigerator

Upper Level

• Bedroom #1 – wood floor
• Bedroom #2 – wood floor
• Bedroom #3 – wood floor
• Full Bathroom – ceramic tile
• Linen Closet

Lower Level

• Knotty Pine Family Room – vinyl floor
• Laundry Room – vinyl floor, washer, dryer, utility sink, exit to rear yard
• Half-Bath – vinyl floor
• Cedar Closet
• Utility Room

Mechanical – gas forced air heat, central air conditioning, 40-gallon gas water heater, sump pump

The home is clean and appears well maintained. Some updating is needed.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book SM 8249, Page 114.

TAXES:
Published annual real estate taxes are $3,457, based on a full value assessment of $296,000.

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.

Online Auction Bidders – A $25,000 deposit, payable by wire transfer or cashier’s check, is required prior to the live auction and before bidding on the online platform. No exceptions.  Deposit Escrow Agreement

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). 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.

Bruce A. Goldstein, Personal Representative of the Estate of Zelma Perlberg