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The property will be open 1 hour prior to the live onsite auction.
A $10,000 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. 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.
Suggested Opening Bid: $75,000
– Rented for $1,600 Per Month –
3922 ROLLING ROAD
Pikesville, Baltimore County, MD 21208
Sale On Premises:
THURSDAY, DECEMBER 8, 2022
AT 12:30 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.
The Courthaven Condominiums are located in the Pikesville area of northwestern Baltimore County. Conveniently situated a short distance south of Old Court and Rolling Roads, the location affords excellent proximity to major employment centers, shopping, dining and public transportation. The Baltimore Beltway (I-695), I-795, Liberty Road and Reisterstown Road are easily accessible from the location. The Old Court Metro station is just one mile east, and metro bus service is along Old Court Road. According to the Baltimore County Public Schools website, nearby schools are Scotts Branch Elementary, Northwest Academy of Health Sciences (Middle) and Randallstown High.
The Courthaven Condominiums feature two brick garden apartment style buildings (4 building addresses) constructed in 1980. The buildings comprise a total of 44 units containing between 793 and 1,118 square feet apiece. Estimated monthly condominium fee for this unit is $344.54, which includes common area maintenance, exterior building maintenance, lawn maintenance, management, snow removal, water and assigned parking spaces.
Recently updated condominium unit containing 1,094 square feet of living area. The unit is currently rented for $1,600 per month, through March 31, 2023 based on the current lease. The lease is subsidized by Baltimore Regional Housing Partnership, with BRHP contributing $487/month and the tenant paying $1,113/month ($1,600/month total). Arranged as follows:
Please complete a Waiver and Confidentiality agreement to obtain a copy of the lease, BRHP payment verification and rental license.
The unit is sold free and clear of liens.
Published annual real estate taxes are $1,963.58 based on a full value tax assessment of $73,000.
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. If necessitated by price, 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. All adjustments, including taxes, condominium fees, rent, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any, as well as the Declaration, Bylaws, Rules and Regulations of the Courthaven Condominium. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive any right of rescission under Maryland Condominium Law, having received and reviewed the Condominium Resale Package prior to the auction. 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.