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J. Michael Holloway, Attorney
HOLLOWAY & SULLIVAN, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202
$20,000 Suggested Opening Bid
TWO STORY TOWNHOME
– Renovation Needed –
Sale On Premises
104 VENTNOR TERRACE
Baltimore County, MD 21222
WEDNESDAY, MAY 18, 2022
AT 11:00 A.M.
Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Betty Donlin, Case No. 03-T-14-000008, the undersigned will sell at public auction the property as noted above.
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.
104 Ventnor Terrace is located in the Dundalk Manor neighborhood of Dundalk, in southeastern Baltimore County. The property is located west of Dundalk Avenue and east of Willow Spring Road, within walking distance of shopping, restaurants, public transportation and community services. Nearby public schools are Dundalk Elementary, Dundalk Middle and Dundalk High, according to the Baltimore County government web site. Neighborhood housing is a mixture of two story townhomes and single family detached homes.
According to Bright MLS, three homes have sold on the subject block in the last six months, ranging from $140,000 to $170,000.
Rectangular lot – 18’3″ x 70′
Zoning DR 10.5, residential
All public utilities
Two Story Brick Inside-Group Townhome, constructed in 1929, containing 1,008 square feet of living area and 504 square feet of basement space, according to public tax records. The home has a covered front porch of approximately 143 square feet, a built-up roof and vinyl-clad double hung windows.
First floor contains a living room, dining room and kitchen. Second floor has 3 bedrooms and bath. Unfinished basement. No heat.
The house needs complete rehabilitation and a clean-out.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book SM 10762, Page 282.
Published annual real estate taxes are $1,352, based on a full value assessment of $83,200.
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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, 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.
Terry K. Sullivan, Guardian of the Property of Betty Donlin