Law Offices of Arthur L. Drager, LLC
One N. Charles Street – Suite 1200
Baltimore, MD 21201
– $50,000 Suggested Opening Bid –
ONE STORY RAMBLER
With Detached Studio Building
– Renovation Needed –
Sale On Premises
5931 BALTIMORE STREET
Off Ingleside Avenue
Baltimore County, MD 21207
THURSDAY, MAY 3, 2018
AT 2:00 P.M.
Pursuant to an order of the Circuit Court for Baltimore County, passed in the matter of Arthur L. Drager, etc., Plaintiff v. Daniel Tanasescu, Defendant, Case No. 03-C-17-008092, the undersigned Trustee will sell at public auction, on the premises, the following:
All those leasehold lots of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described in the Deed of Assignment, dated August 15, 2011 and recorded among the Land Records of Baltimore County in Book 31428, Page 422. Lot size 40′ x 125′, more or less. Subject to an annual $96 ground rent, payable half-yearly on the first days of February and August in each and every year.
The property is improved by a shingle and vinyl siding one story home, built in 1960, containing 900 square feet of living area and 900 square feet of basement space, according to public tax records. The home has a covered front porch, asphalt shingle roof, vinyl-clad double-hung windows, two-car driveway, rear screened porch and chain link fenced yard. The home contains:
Mechanical – gas forced air heat, 100 amp. electric, window air conditioners
Rear Studio Building – vinyl siding, asphalt shingle roof, vinyl-clad double-hung windows, two rooms and bath
Updating and cosmetic repairs are needed.
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.
TERMS OF SALE: 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. 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 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.
Arthur L. Drager, Trustee