"Catonsville - Academy Heights"

Live Auction Bidders – A $15,000 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.

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 Place – Suite 625
Baltimore, MD 21202

Guardian’s Sale

Live Onsite & Simulcast Online Bidding
$150,000 Opening Bid

CATONSVILLE

“Academy Heights”

BRICK TOWNHOME
3 Bedrooms ◆ 1 Full & 2 Half-Baths

– Renovation Needed –

Known As
412 STRATFORD ROAD
Baltimore County, MD 21228

Online Bidding Opens
MONDAY, NOVEMBER 4, 2024

Live Onsite Auction
TUESDAY, NOVEMBER 5, 2024
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Baltimore County, passed in The Matter of Sheila Unger, Case No. C-03-FM-24-001525, the undersigned Guardian of the Property will sell the above-captioned property as noted.

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:
412 Stratford Road is situated two blocks north of Edmondson Avenue and one-half mile east of Beltway (I-695) Exit 14, in the Catonsville area of western Baltimore County. The surrounding Academy Heights neighborhood consists of well-kept brick townhomes constructed in the early 1950s. According to the Baltimore County government website, nearby public schools are Westowne Elementary, Catonsville Middle and Catonsville High. The neighborhood is convenient to shopping and public transportation. According to Bright MLS, home sales during the past six months in Academy Heights ranged from $340,000 to $374,000.

SITE:
Rectangular lot – 20′ x 104′. Plat
Alley in rear
Zoning DR 10.5, residential
Public utilities

IMPROVEMENTS:
Two Story Inside-Group Brick Townhome, built in 1950, containing 1,280 square feet of living area and 640 square feet of basement space, according to public tax records. The home has a slate roof, vinyl-clad double-hung windows, full concrete block foundation, and concrete front porch with awning.

First Floor

• Living Room – hardwood floor
• Dining Room – hardwood floor
• Kitchen – vinyl floor
• Half-Bath

Second Floor

• 3 Bedrooms – hardwood floors
• Full Bath

Basement

• Family Room
• Half-Bath
• Laundry/Utility Room

Mechanical – gas forced air heat, central air conditioning, gas water heater

The home needs extensive renovation.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 13641, Page 511.

TAXES:
Published annual real estate taxes are $2,660, based on a full value assessment of $224,600.

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 $15,000 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 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. 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