"Lansdowne"

A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. No buyer’s premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

GUARDIAN’S AUCTION
$100,000 Opening Bid

LANSDOWNE

RANCHER
2 Bedrooms & Bath

Sale On Premises
317 CLYDE AVENUE
Baltimore County, MD 21227

MONDAY, DECEMBER 19, 2022
AT 2:00 P.M.

Pursuant to an Order of the Circuit Court for Baltimore County passed in the matter of Janet Lowman, Case No. C-03-FM-22-003040, the undersigned Guardian will sell at public auction, the above-captioned property.

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:
317 Clyde Avenue is located in the Highland Neighborhood of Lansdowne, in southwestern Baltimore County. Highland is comprised of tidy, single family detached homes, primarily built in the 1950’s. The location affords excellent proximity to many of the area’s most important commuter routes, including the Baltimore Beltway (I-695), I-895, the Baltimore Washington Parkway (MD-295) and I-95, all of which are within 2 miles. A number of major employers are nearby, including BWI and those located around the BWI commercial corridor, UMBC and many others. Dining and shopping are also easily accessible, including world famous crabcakes at G&M Restaurant (2 miles south). According to the Baltimore County government web site, nearby schools are Lansdowne Elementary, Lansdowne Middle and Lansdowne High.

SITE:
Rectangular lot 50′ x 102′. Plat
Fenced front and rear yard
All public utilities
Zoning DR 5.5 residential

IMPROVEMENTS:
One Story Vinyl Sided Home, built in 1953, containing 700 square feet of living area, according to public tax records. The home has an architectural shingle roof, screened porch with shed and contains:

• Living Room – vinyl floor
• Eat-in Kitchen – vinyl floor, knotty pine cabinets, laminate counters, gas range/oven, refrigerator, clothes washer
• Bedroom #1 – carpeting
• Bedroom #2 – carpeting
• Full Bathroom – vinyl floor, ceramic tile wainscot

Mechanical – gas forced air hat, gas water heater, 60 amp. circuit breakers, window air conditioner

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 36227, Page 389.

TAXES:
Published annual real estate taxes are $2,202, based on a full value assessment of $137,200.

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 $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. 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” 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.

No buyer’s premium.

J. Michael Holloway, Guardian of the Property of Janet Lowman