Featuring Live & Simulcast Online Bidding
$90,000 Opening Bid
Sale on Premises:
903 HAMMONDS LANE
Brooklyn, Anne Arundel County, MD 21225
Online Bidding Opens
FRIDAY, JUNE 18, 2021
Live Onsite Auction Begins
TUESDAY, JUNE 22, 2021
AT 2:00 PM
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. Online bidding is available from Friday, June 18 and will continue through the live auction. You can choose to bid online and/or attend the live auction.
903 Hammonds Lane is located in the Brooklyn area of northern Anne Arundel County. Surrounding neighborhoods include Linthicum Heights, Pumphrey and Arundel Gardens. Homeowners can enjoy the convenient access to grocery stores, restaurants, retail and entertainment located on Ritchie Highway, within 1.5 miles. For commuters, I-695 and I-895 are within a half mile and Ritchie Highway within 1.5 miles. Major employers in the area include Baltimore/Washington International Airport and the Motor Vehicle Administration (MVA). According to the Anne Arundel County Public Schools site, nearby schools are Brooklyn Park Elementary School, Brooklyn Park Middle School and North County High School.
Lot size – 15,500 square feet or 0.355 Acre, more or less
Consisting of two rectangular lots approximately 52′ x 147′ each.
Zoned R5 – generally intended for low-medium density single-family detached residential development at an urban density of 5 dwelling units per acre. Minimum lot size is 7,000 square feet. Maximum lot coverage by structures is 40%. Maximum height is 35 feet
Single family home on corner lot built in 1951, containing 1,512 square feet of living area and 1,008 square feet of basement space, according to public tax records. The home is arranged as living room, kitchen, 3 bedrooms, bathroom, on first floor; unfinished attic; unfinished basement.
The property is in fee simple and sold free and clear of liens.
Tax Account 502202937200 – $51.26 based on a full value assessment of $4,900
Tax Account 502202938600 – $387.25 based on a full value assessment of $177,967
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 by 12:00 P.M., Wednesday, June 23, 2021, at the Auctioneer’s office. Online bidders must post a 10% deposit by wire transfer or cashier’s check by 4:30 P.M. on the day of auction. 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, 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. A 5% buyer’s premium will be added to the final bid price.