"Arbutus"

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

GUARDIAN’S AUCTION
$100,000 Opening Bid

ARBUTUS

“Huntsmoor Village North”

Three Level
TOWNHOME
3 Bedrooms & 1 Bath

Sale On Premises
5631 CHELWYND ROAD
Near Elm Road
Baltimore County, MD 21227

TUESDAY, MAY 23, 2023
AT 11:00 A.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:
5631 Chelwynd Road is located in a quiet neighborhood in the town of Arbutus, Maryland. The property is situated on a tree-lined street, surrounded by well-maintained homes. Arbutus is a suburb of Baltimore, located just south of the city, providing easy access to all the amenities and attractions that the city has to offer. The location is also convenient for commuters, with easy access to major highways and public transportation options. One of the key features of this location is its proximity to the MARC train station, which provides convenient access to Baltimore and Washington D.C. The immediate area surrounding the property offers a variety of parks and outdoor recreation areas, including Halethorpe Community Park and Patapsco Valley State Park, which offer opportunities for hiking, biking, and picnicking. According to the Baltimore County Public school locator, the property is zoned for Relay Elementary School, Arbutus Middle School, and Lansdowne High School. Major employers are nearby, including BWI and those located around the BWI commercial corridor, UMBC and many others.

SITE:
Rectangular lot approximately 2,358 square feet or 0.054 acre. Plat
Partially fenced rear yard
All public utilities
Zoning Residential

IMPROVEMENTS:
Two story inside group townhome, built in 1967, containing 1,296 square feet of living area and 480 square feet of basement space, according to public tax records. The home is arranged as a split level townhome with living room, dining room and kitchen, on the first floor; three bedrooms and bathroom, on the second floor; partially finished basement with large room and mechanical/utility area. Home is in need of full rehabilitation.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book EHK Jr. 7072, Page 179.

TAXES:
Published annual real estate taxes are $3,479.56, based on a full value assessment of $198,800.

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 $15,000 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 Peter J. Mongelli Jr.