Benjamin C. Stevens, Attorney
Aitken & Stevens, LLC
502 Washington Avenue, Suite 310
Towson, MD 21204
$150,000 Opening Bid
4 Bedrooms ◆ 2.5 Baths ◆ Garage
1309 VANDERBILT ROAD
Off Vale Road
Harford County, MD 21014
THURSDAY, JUNE 3, 2021
MONDAY, JUNE 7, 2021
AT 12:00 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.
1309 Vanderbilt Road is located in the Marywood neighborhood of Bel Air, in central Harford County. Marywood is a large subdivision of single family homes, built in the 1970s and 1980s. Nearby public schools are Red Pump Elementary (within walking distance), Bel Air Middle and Bel Air High, according to the Harford County Public Schools web site. The neighborhood is situated just west of US-1 and about one mile northwest of Downtown Bel Air. Neighborhood homes appear well maintained and demand for area housing is strong. According to Bright MLS, 2021 closed home sales in the neighborhood range from $355,500 to $385,000.
Level, rectangular lot, 80′ x 128′, comprising 0.235 acre of land. Plat
Zoning R2, residential
Concrete two-car driveway
Two Story Traditional Home, built in 1984, containing 1,756 square feet of living area, 950 square feet of basement space and 248 square foot garage, according to public tax records.
Exterior – brick and aluminum siding, composition shingle roof, vinyl double-hung windows, covered entry porch, attached one-car garage, concrete block basement foundation.
The home has been gutted for renovation. Interior finishes are drywall and subflooring. Kitchen fixtures, appliances and bathroom fixtures have been removed.
Mechanical – electric heat pump and central air conditioning, sump pump
The property is in fee simple and sold free and clear of liens. Harford County Deed Book HDC 1253, Page 105.
Published annual real estate taxes are $2,922, based on a full value assessment of $256,767. 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: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of auction, 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, 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 easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. 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.