Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Click 'AJ' icon to access map directions.
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.
Live Auction Bidders – A $25,000 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. 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.
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
Online Bidding Opens
WEDNESDAY, AUGUST 14, 2024
Live Onsite Auction
THURSDAY, AUGUST 15, 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:
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
Upper Level
Lower Level
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. 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 on or before September 10, 2024. If purchaser provides an insurance binder indemnifying the seller, settlement may be extended to September 30, 2024. 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
