"Annen Woods"

Bernard Kraft, Attorney
Kraft and Jacobson, P.A.
606 Baltimore Avenue – Suite 401
Towson, MD 21204

 REAL ESTATE AUCTION 

$100,000 Suggested Opening Bid

MID-RISE APARTMENT
CONDOMINIUM UNIT
2 Bedrooms ◆ 2 Baths ◆ Den ◆ Patio

Sale On Premises
2 CANDLEMAKER COURT
Unit 101 – Ground Floor
Pikesville, Baltimore County, MD 21208

THURSDAY, NOVEMBER 7, 2019
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:
Annen Woods is a gated community located at Hooks Lane and Park Heights Avenue, in the Pikesville area of western Baltimore County. Located just off Beltway (I-695) Exit 21, Annen Woods is convenient to shopping, restaurants, and employment centers. Nearby public schools are Fort Garrison Elementary, Pikesville Middle and Pikesville High, according to the Baltimore County government web site.

ANNEN WOODS:
The community consists of a high rise apartment building, several mid-rise buildings, townhomes and garden apartments, built in the 1970s. The neighborhood is well landscaped and meticulously maintained. 2 Candlemaker Court is a four story brick mid-rise apartment building with elevator and secure lobby, built in 1978. Management is by WPM. Monthly condominium fee of $525, includes swimming pool, clubhouse, tennis courts, grounds maintenance, building insurance, roadways, snow removal, security, surface parking lots and gatehouse.

Condominium Resale Documents

There are currently no other units for sale at 2 or 4 Candlemaker Court.

UNIT:
Located just off the lobby, the spacious apartment contains approximately 1,435 square feet of living area, including:

• Entry Foyer – ceramic tile, coat closet
• Living/Dining Combination – carpeting, sliding doors to private concrete patio (16′ x 8′) facing tennis courts
• Den – Carpeting
• Eat-in Kitchen – ceramic tile, electric range/oven, microwave, dishwasher, refrigerator, laundry closet with washer and dryer and pantry
• Mechanical/Storage Room – vinyl floor
• Master Bedroom Suite – carpeting, ceiling ran, dressing area with sink and ceramic tile floor, walk-in shower
• Bedroom #2 – carpeting
• Full Bathroom – ceramic tile
• Mechanical – electric heat pump, central air conditioning, separately metered electrical service, security alarm

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 30081, Page 496.

TAXES:
Published annual real estate taxes are $2,546, based on a full value assessment of $135,000. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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, condominium 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, 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 agrees to waive the right of rescission under Maryland Condominium 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.

Sale by order of the Remainder Persons under
the Life Estate of Pearl K. Koenig