"Catonsville"

 ESTATE AUCTION 

$75,000 Suggested Opening Bid

Two Story Brick
COLONIAL HOME
3 Bedrooms ◆ 2 Baths
– Needs Renovation –

Sale On Premises
6302 MOUNT RIDGE ROAD
Baltimore County, MD 21228

WEDNESDAY, NOVEMBER 14, 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:
6302 Mount Ridge Road is located south of Frederick Avenue (MD-144), east of Baltimore Beltway (I-695) Exit 13 and west of Symington Avenue, in the Catonsville area of western Baltimore County. The surrounding neighborhood is a mixture of housing types and styles. Shopping and public transportation are on Frederick Avenue, one block north of the home. According to the BCPS web site, nearby public schools are Catonsville Elementary, Arbutus Middle and Catonsville High.

SITE:
Rectangular lot – 65′ x 85′, comprising approximately 0.12 acre
Zoning DR 5.5, residential
All public utilities
Fenced yard

IMPROVEMENTS:
Two story brick colonial home, built in 1950, containing 1,500 square feet of living area and 750 square feet of basement space, according to public tax records. The home features oak floors and high ceilings.

Exterior
All brick construction
Composition shingle roof
Vinyl-clad double-hung windows
Full concrete block basement foundation
Metal rear porch

First Floor

• Foyer – vinyl floor
• Dining Room – carpeting over wood flooring
• Living Room – carpeting over wood flooring, brick wood-burning fireplace, large closet
• Eat-in Kitchen – vinyl floor, wood cabinets, laminate counters, gas Chambers oven, refrigerator
• Full Bathroom – ceramic tile

Second Floor

• Master Bedroom – oak wood flooring, walk-in closet, second closet
• Bedroom #2 – carpeting over wood flooring, ceiling fan
• Bedroom #3 – carpeting over wood flooring
• Full Bathroom – ceramic tile
• Insulated scuttle attic – no flooring

Basement

• Family Room – knotty pine paneling, carpeting, outside exit
• Laundry/Utility Room – utility sink

Mechanical
Oil forced air heat
Ducting for central air
Gas, water heater

The home needs updating and cosmetic repairs.

TAXES:
Published annual real estate taxes are $3,929, based on a full value assessment of $211,700. 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:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 10216, Page 356.

SUMMARY TERMS OF SALE:
Please see 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, 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.

Auction by order of Keith Walters, Personal Representative of the Estate of Hollis Reba Walters