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Sold Prior To The Auction
ONLINE REAL ESTATE AUCTION
Louis J. Weinkam, Jr., Attorney
Weinkam & Weinkam, P.A.
1002 Frederick Road, Catonsville, MD 21228
ABSOLUTE ESTATE AUCTION
To the Highest Bidder Above $70,000
With In-Law Suite & Garage
– Renovation Needed –
1313 KENT AVENUE
Corner Charles Street
Baltimore County, MD 21207
– CANCELED –
THURSDAY, MAY 7, 2020
AT 12:00 NOON
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.
1313 Kent Avenue is located in the Catonsville Manor neighborhood of western Baltimore County, south of I-70, east of I-695, west of Ingleside Avenue and north of Johnnycake Road. Neighborhood housing is a mixture of detached single family homes. Most appear to be well maintained. The neighborhood is convenient to shopping, restaurants, the Social Security Complex and other employment centers. Nearby public schools are Edmondson Heights Elementary, Southwest Academy Middle and Woodlawn High, according to the Baltimore County government web site.
Corner lot fronts 85′ along Kent Avenue by 125′ along Charles Street, comprising 0.244 acre
Driveway entrance on Charles Street, leads to garage and additional parking space
All public utilities
Zoning DR 5.5, residential
One story home, built in 1960, containing 845 square feet of living area and 845 square feet of basement space, according to public tax records.
Composition shingle roof
Vinyl-clad double-hung windows
Full concrete block basement foundation with outside entrance
Rear screened porch
Enclosed front porch
One-car detached garage
Mechanical – oil forced air heat, central air conditioning
The home needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Liber 28015, Page 72.
Published annual real estate taxes are $2,312, based on a full value assessment of $152,433. 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 $7,500 deposit or 10% of the purchase price, whichever is higher, payable by wire payment or cashier’s check, will be required of the purchaser within 24 hours of the 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, 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.
Estate of Thomas Edward Scott