"Towson - The Penthouse Condominium"

A $10,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 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. 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.

Online Only – $65,000 Opening Bid

TOWSON
The Penthouse Condominium

One Bedroom & Den
CONDOMINIUM UNIT
– 848 Square Feet –

Known As:
28 ALLEGHENY AVENUE
UNIT #2312
Towson, Baltimore County, Maryland 21204

Online Bidding Opens:
WEDNESDAY, MARCH 13, 2024

Online Bidding Closes:
FRIDAY, MARCH 15, 2024
AT 12:00 NOON

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 Penthouse Condominium is located in the heart of Towson, the Baltimore County seat. In addition to County Government offices, Towson is home to a number of major employers, including Towson University, Goucher University, GBMC Hospital and Stanley Black & Decker. The location is ideal for residents who enjoy having a large quantity of amenities within a very short distance. Dozens of restaurants, grocery stores, a movie theater, bowling alley & arcade, music venues, a mall with ample retail shopping, and a variety of other conveniences are within 1 mile. According to the Baltimore County Public Schools website, nearby schools are West Towson Elementary, Dumbarton Middle and Towson High. A number of magnet, independent and religious schools are also in the surrounding area.

The Penthouse Condominium is a high-rise building with a number of amenities, including elevators, fitness center, heated outdoor pool, concierge services, in-building parking and dining. The building contains approximately 222 residential and commercial condominium units. Residential units range in size from 550 square feet to over 2,100 square feet, with studio and between one and four bedroom layouts. The property is professionally managed by FirstService Residential.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Baltimore County Public Schools – www.bcps.org

IMPROVEMENTS:
Fully updated condominium unit with balcony. The unit contains 848 square feet, and is arranged for a living room and dining room combination, updated kitchen, one bedroom, den and full bath.

Plat

The property is currently rented through the end of March, and will be delivered vacant at the time of closing.

CONDOMINIUM FEES:
Condominium fees are estimated to be $532 per month, plus a special assessment of $128 per month running from February 2023 for 13.5 years.

TITLE:
In fee simple; sold free and clear of all liens.

TAXES:
Current annual real estate taxes are $2,240.55, based on a full value tax assessment of $100,333.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 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, condominium fees, 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, and the declaration and bylaws of the Penthouse Condominium. 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. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.