"Bel Air - Hearthstone at Village Square"

Rob Goldman Legal Solutions
6800-B Holabird Avenue
Dundalk, MD 21222

ESTATE AUCTION
$100,000 Suggested Opening Bid

“Hearthstone at Village Square”
– An Over 55 Community –
On MA & PA Heritage Trail

2 Bedroom ◆ 2 Bath
CONDOMINIUM UNIT
First Floor Apartment With Patio & Den

Sale On Premises
118 NICHOLS STREET
UNIT 3C
Harford County, MD 21014

TUESDAY, FEBRUARY 20, 2018
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:
Hearthstone at Village Square is an over 55 community, situated in Downtown Bel Air, two blocks west of Main Street, along the MA & PA recreational trail. The neighborhood is within walking distance of a grocery store, shops and restaurants, and a short drive from US-1. The community is comprised of well-maintained three story elevator apartment buildings arranged around a common parking area.

BUILDING:
Three story stone and siding building with secure intercom entry, composition shingle roof, vinyl-clad double-hung windows, patios and balconies. The building was constructed in 2005, according to public tax records.

UNIT:
Ground level first floor unit, comprising 1,331 square feet of living area and containing:

• Foyer – vinyl floor, walk-in closet and utility closet
• Great Room – carpeted Living Area with gas fireplace and sliding doors to a private balcony, carpeted Dining Area, Kitchen with vinyl floor, oak cabinets, laminate counters, refrigerator, dishwasher, gas range/oven, clothes washer and dryer, and pantry
• Adjoining Den – carpeting, exit to patio
• Master Bedroom – carpeting, dressing area with walk-in closet, second closet, Master Bathroom with vinyl floor, double sink vanity, large linen closet and shower
• Bedroom #2 – carpeting
• Bathroom #2 – vinyl floor, bathtub, linen closet, doors to Great Room and Bedroom #2.
• Gas forced air heat, central air conditioning, electric water heater
• 9′ ceilings

The unit was occupied by the original owner and has been well maintained.

Site Plat

Unit Plat

CONDOMINIUM FEE:
$286 per month includes exterior insurance, grounds maintenance, elevator, snow removal and water. Condominium Resale Package.

TAXES:
Published annual real estate taxes are $2,773, based on a full value assessment of $167,667. 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

TERMS OF SALE:
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, and subject to the Declaration and Bylaws of Hearthstone at Village Square 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 received and reviewed the Condominium Resale Package. 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:
Robin M. Goldman, Personal Representative of the Estate of Myra E. Jakubiec