Louis J. Weinkam, Jr., Attorney
1002 Frederick Road
Catonsville, MD 21228
$100,000 Suggested Opening Bid
On 1.2± Acre Lot
Sale On Premises
1339 GENERALS HIGHWAY
(MD-178) Enter through right-of-way behind
Generals Plaza Shopping Center
Anne Arundel County, MD 21032
THURSDAY, NOVEMBER 14, 2019
AT 12:30 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.
1339 Generals Highway is located just off I-97, in central Anne Arundel County. The surrounding area is a mixture of single family homes and small commercial land uses. According to the Anne Arundel County government website, nearby public schools are South Shore Elementary, Old Mill Middle School South and Old Mill High. The home is one block east of the Crownsville Post Office. Access is from a right of way in the rear of Generals Plaza Shopping Center.
1.2 acres of land with frontage on two right-of-ways
Scenic wooded lot
Private well and septic
Zoning RLD, residential low density
Brick ranch home, built in 1963, contains 1,421 square feet of living area and 1,421 square feet of basement space, according to public tax records.
Exterior – all brick facade, composition shingle roof, aluminum rainspouts, full concrete block basement foundation, covered side porch, detached frame one-car garage.
Mechanical – oil forced air heat, central air conditioning, oil water heater
The home needs updating and cosmetic repairs. Furniture will be removed prior to the time of sale.
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 2526, Page 721.
Published annual real estate taxes are $3,747, based on a full value assessment of $349,900. 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:
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 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
Louis J. Weinkam, Jr., Guardian of the Property of Harold R. Madtes