"Dundalk"

REAL ESTATE AUCTION

CAPE COD HOME

Sale On Premises
3419 LOUTH ROAD
Baltimore County, MD 21222

WEDNESDAY, MAY 17, 2017
AT 1:45 P.M.

– $25,000 Suggested Opening Bid –

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.

LOCATION:
3419 Louth Road is located in southeastern Baltimore County, east and north of Dundalk Avenue, south of Belclaire Road and east of Sollers Point Road. Neighborhood housing is predominantly comprised of detached single family homes. Nearby public schools are Logan Elementary, Dundalk Middle and Dundalk High, according to the Baltimore County government web site. The neighborhood is close to the Baltimore Beltway (I-695), providing good access to employment centers throughout the region. Community shopping is within walking distance. Public bus transportation is on Dundalk Avenue.

SITE:
Rectangular lot, 61′ x 102′, or 0.12 acre, more or less

Zoned residential, single family

Detached garage

All public utilities

IMPROVEMENTS:
One and one-half story vinyl sided cape cod home built in 1942, containing 962 square feet of living area according to published tax records. The home contains 6 rooms (3 bedrooms) and bath.

TITLE:
The property is in fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes for 2016 are $4,739.52, based on a full value assessment of $126,200. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $5,000 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. 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.