"Ferndale"

Live Auction Bidders – A $20,000 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 (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

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.

A 5% buyer’s premium will be added to the final bid price and becomes part of the contract price. 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
$200,000 Opening Bid

FERNDALE

3 BEDROOM RANCHER

Known As
903 GEIS CIRCLE
Anne Arundel County, MD 21061

Online Bidding Opens
WEDNESDAY, JUNE 12, 2024

Live Onsite Auction
THURSDAY, JUNE 13, 2024
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:
903 Geis Circle is situated in the North Wellham subdivision of Ferndale, in northern Anne Arundel County. The home is south of Wellham Avenue and east of I-97, within walking distance of George Cromwell Elementary School and North Glen Park. Other nearby schools are Lindale Middle and North County High, according to the Anne Arundel County School Locator. Major employers in the area include BWI Thurgood Marshall Airport, facilities within the BWI Business District and Amazon. The neighborhood is convenient to I-97, I-695 and Governor Ritchie Highway (MD-2). Neighborhood housing is predominantly comprised of tidy, ranch-style homes, built in the 1950s and 1960s. According to Bright MLS, homes in North Wellham have sold for $265,000 to $355,000, during the past two years.

SITE:
Level lot, approximately 66′ x 100′. Plat
Zoning R5, residential
Public utilities
Two-car parking pad
Vinyl panel privacy fence encloses entire yard

IMPROVEMENTS:
One Story Ranch-style Home, built in 1958, containing 936 square feet of living area and 936 square feet of basement space, according to public tax records. Exterior walls are vinyl siding with brick trim, vinyl-clad double-hung windows, composition shingle roof, full concrete block basement foundation, covered front porch.

Main Level

• Living Room – wood floor, bow window
• Eat-in Kitchen – vinyl floor, wood cabinets, laminate counters, ceiling fan, electric wall oven, gas rangetop, refrigerator
• Bedroom #1 – wood floor
• Bedroom #2 – wood floor
• Bedroom #3 – wood floor
• Full Bathroom – ceramic tile

Lower Level

• Unfinished Basement – vinyl tile floor
• Laundry Area – washer, dryer, utility sink

Mechanical – gas forced air heat, central air conditioning (updated compressor), gas 29-gallon water heater, sump pump, 100-amp. electrical service.

The home needs updating and cosmetic repairs, but appears well maintained.

TITLE:
The property is sold free and clear of liens, subject to an annual $120 ground rent, payable half-yearly on the third days of February and August, in each and every year (statutory redemption price is $2,000). Anne Arundel County Deed Book RPD 14256, Page 791.

TAXES:
Published annual real estate taxes are $2,848, based on a full value assessment of $225,967.

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 $20,000 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 (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

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, 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. 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. A 5% buyer’s premium will be added to the final bid price and becomes part of the contract price.