Absolute Above $10,000 - "Westminster"

★ ABSOLUTE ★
REAL ESTATE AUCTION
To the Highest Bidder Above $10,000

COMMERCIAL LOT
Located In
WASHINGTON HEIGHTS
MEDICAL CENTER

Sale On Premises
LOT 12 – QUINTAL DRIVE
Off MD Route 32
Carroll County, MD 21157

THURSDAY, JULY 11, 2019
AT 2:00 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:
The lot is located in the Washington Heights Medical Center, off Washington Road (MD Route 32), south of Westminster Pike (MD-140) and south of Main Street. The Washington Heights Medical Center is a well established 24 lot subdivision, improved by freestanding medical service buildings (doctors, pharmacy, dental), arranged along a central parking lot. Lot 12 is the last undeveloped lot in the subdivision.

SITE:
Clear, level lot, fronting on parking lot and Quintal Drive in the rear
Lot size 54′ x 119.44′, comprising 6,359 square feet or 0.146 acre of land
Approximately 54′ x 50 building envelope
Public utilities
Zoning B – Business

Plat

Prior deed #1 for lot restrictions

Prior deed #2 for lot restrictions

HOMEOWNERS ASSOCIATION:
WASHINGTON HEIGHTS GROUP, LLC levies an assessment of $620 per year for the vacant lot. According to the property manager, that is one-half of the annual assessment of an improved lot. There is an additional assessment for trash removal, which has not been charged to Lot 12. Each property owner is responsible for their own lawn care. For additional information, contact whmcownersassn@gmail.com

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,271, based on a full value assessment of $71,700. Tax Account No. 07-071698. Tax Map 107, Grid 23, Parcel 610.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale. 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, HOA fees, 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration and Bylaws of The Washington Heights Medical Center, if any. Purchaser agrees to waive any right of rescission under Maryland Homeowners Association law. 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. Time is of the essence.

No buyer’s premium.