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Gina D. Shaffer, Attorney
Shaffer, McLauchlin & Stover, LLC
836 S. Main Street – Suite 102
Bel Air, MD 21014
REAL ESTATE AUCTION
$50,000 Suggested Opening Bid
“English Country Manor”
2 Bedrooms ◆ Bath ◆ Screened Porch
Sale On Premises
308 CANTERBURY ROAD
Harford County, MD 21014
WEDNESDAY, AUGUST 28, 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.
English Country Manor Condominium is located just south of Downtown Bel Air off Tollgate Road, near the Bel Air Athletic Club. According to the Harford County School Locator, nearby public schools are Red Pump Elementary, Bel Air Middle and Bel Air High. The neighborhood is convenient to I-95 and US-1. Shopping, restaurants and public services are within walking distance.
Community amenities include a clubhouse, inground swimming pool, exercise room and landscaped common grounds with gatehouse and ornamental pond. Monthly condominium fee is $265. Condominium Resale Package.
First floor unit – 882 square feet, built in 1991, contains:
Cosmetic repairs and updating are needed.
The property is sold free and clear of liens. Harford County Deed Book 1775, Page 313.
Published annual real estate taxes are $1,912, based on a full value assessment of $127,000. 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:
Please see the contract of sale for complete terms.
A $7,500 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration and By-Laws of English Country Manor Condominium. 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, having reviewed the condominium resale package prior to the time of sale. 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.
Gina D. Shaffer, Attorney-in-Fact
for Deborah J. Driskill