"Brooklyn Park - Colonial Housing Subdivision"

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 by1:00 P.M. on Thursday, November 3, 2022, at the Auctioneer’s office (a personal check for the additional deposit will be acceptable at the auction or wiring instructions will be provided). 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.

REAL ESTATE AUCTION
– Suggested Starting Bid: $75,000 –

BROOKLYN PARK
“Colonial Housing Subdivision”

BUNGALOW

Sale on Premises
512 CHURCH STREET
Off Ritchie Highway
Anne Arundel County, MD 21225

Live On-Site Only Auction
WEDNESDAY, NOVEMBER 2, 2022
AT 1:00 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:
512 Church Street is located in the Brooklyn Park neighborhood in northern Anne Arundel County. The property is located in the Colonial Housing subdivision that comprises primarily single family homes built in the 1940’s. A half mile from Governor Ritchie Highway, the home is convenient to multiple grocery stores, restaurants, cafes, retail stores and more. Commuters can take advantage of the home’s location, being equidistant from both I-895 and I-695, both major commuting routes in the surrounding area. Several large employers are located nearby including BWI Airport, NSA, the Maryland Cruise Terminal and several local industrial employers within the community. According to the Anne Arundel County Public Schools locator, the area schools are Park Elementary School, Brooklyn Park Middle School and North County High School.

More information:
Anne Arundel County, MD – www.aacounty.org
Locate Your School – www.aacps.org

SITE:
Lot size – 0.132 acre, more or less. Plat

Concrete driveway for 2 vehicles

Fenced front and rear yards

Zoned R-5, residential

All public utilities

IMPROVEMENTS:
One and one half story bungalow, constructed in 1940, comprising 1,248 square feet of living area and 728 square feet of basement space, according to public tax records. The home is arranged as living room, eat-in kitchen, two bedrooms and bathroom, on the first floor; 2 rooms, on the second floor; unfinished basement. The home is vacant and needs renovation.

TITLE:
In fee simple; sold free and clear of liens. Anne Arundel County Deed Book NP 2002, Page 563.

TAXES:
Published annual real estate taxes are $430.25 based on a full value assessment of $176,000.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
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 by1:00 P.M. on Thursday, November 3, 2022, at the Auctioneer’s office (a personal check for the additional deposit will be acceptable at the auction or wiring instructions will be provided). 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, ground rent and 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. The Property will be sold subject to Anne Arundel County violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. 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. 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. A 5% buyer’s premium will be added to the final bid price.