"Summit Park Area - Rockland Run Condominium"

A $10,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:00 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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 or see the Sample Contract.

K. Alice Young, Esquire
Nusinov Smith, LLP
2800 Quarry Lake Drive #160
Baltimore, MD 21209

Featuring Live & Simulcast Online Bidding
$50,000 Opening Bid

ESTATE SALE

SUMMIT PARK AREA
Rockland Run Condominium

GARDEN CONDOMINIUM UNIT
2 Bedrooms ✦ 2 Full Baths ✦ Needs Renovation

Known As:
7 SUNTOP COURT UNIT #101
Off Rockland Hills Dr., Near Old Pimlico Road
Baltimore County, Maryland 21209

Online Bidding Opens:
MONDAY, JULY 31, 2023

Live On-Site Auction:
WEDNESDAY, AUGUST 2, 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:
The property is located in the Summit Park area of Baltimore County, between Pikesville, Brooklandville and Mt. Washington. Situated near Falls Road, Greenspring Avenue, the Jones Falls Expressway (I-83) and the Baltimore Beltway (I-695), the area is among the most convenient in Baltimore County. Easy access to all of the major employment centers in the metro area, as well as great proximity to retail and dining options at the Quarry, Mount Washington and the Falls Road corridor, provides an excellent level of convenience and comfort. According to the BCPS website, nearby schools are Summit Park Elementary and Pikesville High.

The Rockland Run Condominium comprises approximately 26 buildings containing about 250 residential condominium units. The community was developed in the early 1980’s and features one, two and three bedroom units. Community features include pool, tennis courts, mature landscaping and ample surface parking.

For more information about the area, please visit:
Rockland Run Condominium – www.rocklandruncondos.com
Baltimore County Government – www.baltimorecountymd.gov

IMPROVEMENTS:
Terrace level condominium unit, known on deed records as unit 212 and tax records as unit 101, contains 1,450 square feet of living area, according to tax records. The unit features a balcony, fireplace and master suite, and is arranged for a living room/dining room combo, galley kitchen, two bedrooms, two full bathrooms, closets and storage. The unit requires full renovation.

CONDOMINIUM FEES:
Monthly condominium fees are believed to be $402, including common area maintenance, exterior building maintenance, heat, water, sewer, trash removal, access to the pool and outdoor tennis courts.

Condominium Resale Package

TITLE:
In fee simple; sold free and clear of liens. Baltimore County Deed Book SM 12906, page 417.

TAXES:
Published annual real estate taxes are $2,337.61 based on a full value assessment of $126,667.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $10,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:00 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration and By-Laws of The Rockland Run Condominium. 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 any right of rescission under Maryland Condominium Law, having reviewed the resale package prior to the auction and execution of the contract of sale. 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!

The Estate of Eric R. Caplan