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REAL ESTATE AUCTION
– Arranged for 2 Units –
Sale On Premises
Baltimore County, MD 21222
THURSDAY, JUNE 8, 2017
AT 11:00 A.M.
– Suggested Opening Bid: $50,000 –
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.
2992 Yorkway is located in Dundalk in southeast Baltimore County. The property is within walking distance of Merritt Point Park, Heritage Park and the Historic Dundalk Town Center. The Dundalk and Seagirt Marine terminals are one and two miles away, respectively. Shopping, dining and entertainment are all within close proximity. According to bcps.org, nearby schools are Logan Elementary, Dundalk Middle and Dundalk High.
Rectangular lot – 19′ x 127′, more or less
Fenced front and rear yards
Off-street parking for one vehicle, potential for more
Zoning DR 10.5, residential, single family
Public water, sewer, gas, electricity, telephone, cable TV
Two story brick inside-group townhome – the home was constructed in 1944, contains 1,254 square feet of living area and 627 square feet of mostly finished basement space, according to public tax records. The home is arranged for two self contained dwelling units with a common interior entry. The building features vinyl-clad replacement windows, updated flooring, updated kitchens and baths.
The first floor unit is arranged for a living room, bedroom, kitchen and bath on the first floor; family room, full bath and utility area, in the basement.
The second floor unit is arranged for a living room, bedroom, kitchen and bath.
Annual $90 ground rent (unregistered); and sold free and clear of liens.
Published annual real estate taxes are $2,500.87, based on a full value tax assessment of $105,733. 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:
A $5,000 deposit, payable by certified check or 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.
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