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Nusinov Smith LLP
6225 Smith Avenue – Suite 200
Baltimore, MD 21209
ABSOLUTE ESTATE AUCTION
To The Highest Bidder Regardless Of Price
Two Story Brick
Sale On Premises
4506 PEN LUCY ROAD
Off Uplands Parkway
Baltimore City, MD 21229
TUESDAY, JUNE 12, 2018
AT 12:45 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.
4506 Pen Lucy Road is located in the Uplands neighborhood in Southwest Baltimore City. Surrounding neighborhoods include Ten Hills, Irvington, Hunting Ridge, Rognel Heights and Allendale. The neighborhood features excellent access to I-695, I-70 and Downtown Baltimore. A multi-phase new home construction project is situated at the northern portion of the neighborhood, with dozens of homes already built or under construction. Shopping and dining options are along Edmondson and Frederick Avenues. Surrounding homes are comprised predominantly of brick townhomes.
For more information about the area, please visit:
Lot size – 32’6″ x 118’6″, more or less, according to public tax records. See plat for complete dimensions.
Front, side and rear yards
Potential for additional off-street parking
All public utilities
Zoned R-6 Residential
Two story brick end-of-group townhome – the home was constructed in 1948, contains 1,216 square feet of living area and 608 square feet of partially finished basement space. The home is arranged as follows:
Subject to an annual $96 ground rent (due in semi-annual installments on 3/1 & 9/1); sold free and clear of all liens
Published annual real estate taxes are $3,200.16, based on a full value assessment of $135,600. 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:
A $5,000 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, 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, and subject to existing zoning, building or housing violation notices, 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.
No Buyer’s Premium!
Auction by order of:
K. Alice Young, Successor Personal Representative
of the Estate of Shirley Conyer