"Elkridge - Montgomery Woods"

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. No buyer’s premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page or see the Sample Contract.

Karen Allen Nicolaus, Attorney
1002 Frederick Road, Suite 2
Catonsville, MD 21228

Guardian’s Sale

$100,000 Suggested Opening Bid

ELKRIDGE

“Montgomery Woods”

BRICK TOWNHOME
Condominium Unit
3 Bedrooms ◆1.5 Baths

– Renovation Needed –

Known As
5847 DIGGERS LANE
Howard County, MD 21075

Sale On Premises
WEDNESDAY, NOVEMBER 29, 2023
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Howard County, passed in the matter of William Grass, III, Case No. C-13-FM-23-001552, the undersigned Guardian of the Property will sell at public auction, on the premises, the above-captioned property.

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:
The property is located in the Montgomery Woods Condominium townhomes in eastern Howard County, off Montgomery Road, west of Washington Boulevard (US-1), east of I-95 and north of MD-100. The community is convenient to employment centers and community services in Baltimore, Washington, Ellicott City and Columbia. According to the Howard County School Locator, nearby public schools are Elkridge Elementary (walk), Elkridge Landing Middle (walk) and Guilford Park High. Montgomery Woods is a townhouse and garden apartment community with ample surface parking.

CONDOMINIUM:
Monthly condominium fees are believed to be $137 per month.

Condominium Resale Package:

• Condominium Resale Certificate
• Condominium Documents

IMPROVEMENTS:
Two Story Brick Inside-Group Townhome, built in 1976, containing 1,188 square feet of living area and 594 square feet of basement space, according to public tax records. The home has a split-foyer entry, composition shingle roof, aluminum sliding windows and a fenced rear yard.

First Floor

• Foyer – carpeting
• Living/Dining Room – carpeting, fireplace, sliding doors to rear yard
• Kitchen – vinyl floor, wood cabinets, laminate counters, electric range/oven, refrigerator
• Half-Bath – vinyl floor

Second Floor

• 3 Bedrooms – carpeting
• Full Bath – ceramic tile

Basement

• Unfinished family room
• Unfinished laundry/utility room – washer and dryer

Mechanical – Carrier electric heat pump and central air conditioning, electric water heater, circuit breakers

The home needs renovation.

Plat

TITLE:
The property is in fee simple and sold free and clear of liens. Howard County Deed Book CMP 960, Page 10.

TAXES:
Published annual real estate taxes are $3,228, based on a full value assessment of $209,200.

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 $10,000 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. 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, condominium fees 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, WHERE IS” condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration and By-Laws of the Montgomery Woods Condominium. 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 Maryland Condominium Act, having reviewed the condominium resale package prior to bidding. 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.

Karen Allen Nicolaus, Guardian of the Property of William Grass, III