"Reisterstown"

A 10% deposit, payable by wire transfer or cashier’s check, is required by 4:00 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. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

$200,000 Opening Bid

REISTERSTOWN

Near Worthington Valley

Rustic & Scenic
TWO STORY HOME
Arranged for 2 Units
– Renovation Opportunity –

Situated On 3.612± Acre
Wooded Lot with Stream

Known As
4033 OSBORN ROAD
Off Dover Road near Butler Road
Baltimore County, MD 21136

Online Bidding Opens
MONDAY, SEPTEMBER 9, 2024

Online Bidding Closes
WEDNESDAY, SEPTEMBER 11, 2024
AT 1:30 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.

LOCATION:
4033 Osborn Road is located in Reisterstown, Maryland, a charming suburb north of Baltimore. The property is just north of Sagamore Farm and west of Butler. The surrounding area is known for its blend of rural tranquility and convenient access to urban amenities. The neighborhood features a mix of historic homes and modern developments, providing a diverse architectural landscape.

Reisterstown offers a variety of recreational opportunities, including parks, trails, and nearby nature reserves. The community has a range of local shops, restaurants, and services. The property itself is situated on a spacious, wooded lot, providing a serene and private setting. According to the Baltimore County government website, nearby public schools are Franklin Elementary, Franklin Middle and Franklin High.

SITE:
3.612 acres, approximately 237′ x 759′. The lot is rolling, wooded and traversed on its western portion by McGill Run, a scenic trout stream.

Zoning RC-2, resource conservation

Private well and septic – well water yield and potability tests

Concrete parking pad and gravel parking for approximately 8 cars

IMPROVEMENTS:
Two Story Home, built in 1957, comprising 4,871 square feet of gross building area, according to public tax records. The home is aluminum sided has a composition shingle roof, wooden and vinyl double-hung windows, casement windows, concrete block foundation on a slab at grade. There is an indoor swimming pool, which is currently not in use. A large sun deck overlooks McGill Run. The property has a small barn and a carport in the rear of the home. The house is currently arranged as two living units.

The entry level unit has a living room with wood burning stove, kitchen with wood cabinets, two bedrooms, bath, enclosed porch, laundry room and storage/utility room. Flooring is carpeting and vinyl.

The second unit comprises half the first floor and all of the second, containing living room with wood burning stove, dining room, kitchen with laminate cabinets, three bedrooms and full bath with laundry. Flooring is wood parquet, carpeting and vinyl.

Mechanical – oil forced air furnace, electric heat pump, electric water heater, circuit breakers, radon system.

The house needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book JLE 40005, Page 360.

TAXES:
Published annual real estate taxes are $6,186, based on a full value assessment of $542,100.

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% deposit, payable by wire transfer or cashier’s check, is required by 4:00 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, 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, and agrees to waive any right of rescission under the Baltimore County Code regarding well water requirements. 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.

Seller will provide $500 towards the buyer’s title costs if Resource Title Settlement Services is used as the closing agent.