"Rosedale"

Live Auction Bidders – A $7,500 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. Personal or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

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.

Live Onsite & Simulcast Online Bidding
$60,000 Opening Bid

ROSEDALE

CAPE COD HOME
ON 0.21± ACRE
– Raze or Rehabilitate –

Known As:
8310 KARL AVENUE
Near Rustic Avenue
Rosedale, Baltimore County, Maryland 21237

Online Bidding Opens
MONDAY, AUGUST 26, 2024

Live Onsite Auction
WEDNESDAY, AUGUST 28, 2024
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:
8310 Karl Avenue is located in the Rosedale neighborhood in Eastern Baltimore County. This vibrant area offers a variety of recreational options, including nearby playgrounds and sports fields at Golden Ring Park, as well as convenient access to several marinas and water-related activities. Within a 2-mile radius of the home, residents can enjoy various restaurants, shops and grocery stores, providing a suburban feel with all the conveniences of urban living. The home is a commuter’s dream, with quick access to major highways such as I-95, I-695 and US-40. Major employers in the area include Johns Hopkins Bayview Campus, MedStar Franklin Square Medical Center, as well as several transportation employers, such as TransAmerican Trucking Service and PGS USA. According to the Baltimore County Public Schools Locator, the public schools are Red House Run Elementary School, Golden Ring Middle School and Overlea High School.

For more information about the area, please visit:
Baltimore County My Neighborhood – bcgis.baltimorecountymd.gov
Rosedale – www.niche.com

SITE:
Flat lot comprising 0.21 acre, more or less

Public water and sewer

Zoned DR 5.5 Residential

IMPROVEMENTS:
Cape cod home, constructed in 1952, containing 1,152 square feet of living area and 768 square feet of basement space. The home is believed to contain living room, dining room, kitchen and half bathroom, on the first floor; two bedrooms and one bath, on the second floor. A comprehensive renovation or razing is required.

TITLE:
In fee simple; Sold free and clear of all liens. Baltimore County Deed Book JLE Liber 48758, folio 387.

TAXES:
Published annual real estate taxes are $2,324.69, based on a full value assessment of $174,133.

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 $7,500 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. Personal or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

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, 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. 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. 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.