"Arbutus - Arbutus Terrace"

ESTATE SALE

“Arbutus Terrace”

Two Story
TRADITIONAL HOME
3 Bedrooms ✦ 2 Baths

Sale On Premises
1232 VOGT AVENUE
Off Highview Road
Baltimore County, MD 21227

TUESDAY, MAY 9, 2017
AT 11:00 A.M.

– SUGGESTED OPENING BID: $85,000 –

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:
1232 Vogt Avenue is located in the Arbutus Terrace neighborhood in the Arbutus area of southwest Baltimore County. Arbutus is situated along I-95, I-695 and I-195, making the location extremely convenient for those working throughout the central Maryland area. University of Maryland Baltimore County is within walking distance. The Arbutus commercial district is within about 3 blocks, featuring restaurants, shopping and a movie theater. Surrounding homes are a mix of single family traditional homes and townhomes. According to bcps.org, area schools are Arbutus Elementary, Arbutus Middle and Lansdowne High.

For more information about the area, please visit:
http://www.baltimorecountymd.gov/
http://myneighborhood.baltimorecountymd.gov/
http://arbutus.org/
&
http://bcps.org

SITE:
Mostly rectangular lot: 60′ x 105′, comprising 6,300 square feet or 0.14 acre, more or less

Fenced rear yard, and partially fenced front yard

Asphalt driveway and rear parking area

All public utilities

IMPROVEMENTS:
Two story traditional home – the home was constructed in 1925, contains 1,284 square feet of living area and 624 square feet of basement space, according to public tax records. The home is arranged as follows:

Exterior:
Masonry foundation
Vinyl siding
Vinyl clad replacement windows
Asphalt shingle roof
Aluminum down spouts and rain gutters

Interior:

First floor

• Enclosed front porch
• Living room – carpet over hardwood
• Dining room – carpet over hardwood
• Kitchen – laminate floor, walk-out to rear yard

Second floor

• Full bath
• Bedroom
• Bedroom
• Bedroom

Attic – floor, storage space

Basement – unfinished, full bath, laundry area and utility sink

Mechanical:
Gas hot water heat
40 gallon gas water heater
100 amp. electrical service

The home needs renovation.

TAXES:
Current annual real estate taxes are $2,555 based on a full value assessment of $172,800. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
In fee simple; sold free and clear of all liens.

TERMS OF SALE:
A $7,500 deposit, payable by certified check or 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. 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” 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 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!

John L. Stein, Personal Representative for
The Estate of Anna E. Stein