Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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The properties will be open 1 hour prior to the live onsite auctions.
Live Auction Bidders – A $15,000 deposit on each parcel, or $75,000 if 3, 4, 6 and 10 Bykes Court and 15 Van Court are sold as an entirety, 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 checks for the difference in the 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 due by 4:00 P.M. on the day of auction at the auctioneers office. 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. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.
Live Onsite & Online Simulcast Bidding
$100,000 Opening Bid for Each Property
12 – BALTIMORE COUNTY
RENTAL TOWNHOMES
Online Bidding Opens
MONDAY, JUNE 12, 2023
Concluding with Live Onsite Auctions
As Noted Below
The auction consists of twelve two story townhomes, built in the 1970’s-1990’s, rented under one year leases. Rentals range from $1,915 to $2,100 per month. All are Section 8, except for 802 Thimbleberry Road. All are well maintained and have central air conditioning. Each home will be open one hour before the time of sale and the live auction will be conducted on the premises.
Live Auction – Day One
WEDNESDAY, JUNE 14, 2023
1:30 P.M. – Newport Run 21234
9343 Pan Ridge Road – approximately 1,272 square feet of living area and 636 square feet of basement space, built in 1975. In fee simple. $250 monthly condominium fee. Condominium Resale Package. Plat
Exterior – Inside group townhome, vinyl siding, asphalt shingle roof, vinyl-clad replacement windows
Main Level
Upper Level
Lower Level
Mechanical – electric heat pump and central air conditioning, electric water heater.
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. Square footage contained herein is more or less and was obtained from public tax records. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property. All properties are sold free and clear of liens.
Additional Information
Please complete the Waiver and Confidentiality agreement to Receive
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A $15,000 deposit on each parcel, or $75,000 if 3, 4, 6 and 10 Bykes Court and 15 Van Court are sold as an entirety, 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 checks for the difference in the 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 due by 4:00 P.M. on the day of auction at the auctioneers 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 30 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. All adjustments, including taxes, rents, 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 settlement 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. Properties are sold subject to existing leases and the rights of the tenants in possession. 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 applicable. For condominium properties, the purchaser agrees to waive any right of rescission under the Maryland Condominium Act, having reviewed the condominium resale package in advance of the auction. 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.
Purchaser acknowledges that it is the intention of the Seller to create an IRS Section 1031 Tax Deferred Exchange (the “Exchange”) and that the Seller’s rights and obligations under this Contract may be assigned to a qualified intermediary (the “Intermediary”) to be designated by the Seller to facilitate such Exchange. Buyer agrees to fully cooperate with the Seller and Intermediary, at no additional cost or liability to the Buyer, to enable Seller to utilize the contemplated Exchange.
