"Dundalk - Charlesmont"

Rob Goldman Legal Solutions
6800-B Holabird Avenue
Dundalk, MD 21222

ESTATE AUCTION
$50,000 Suggested Opening Bid

“Charlesmont”

TWO STORY
BRICK TOWNHOME
3 Bedrooms ◆ Parking Pad

Sale On Premises
7837 LOCKWOOD ROAD
Baltimore County, MD 21222

WEDNESDAY, APRIL 10, 2019
AT 2:00 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.

LOCATION:
Charlesmont is a townhouse community, situated in eastern Baltimore County, west of North Point Boulevard, north of Cove Road, south of Trappe Road, along the northeast bank of Bear Creek. Neighborhood homes were constructed in the late 1950s. Most appear to be updated and well maintained. The neighborhood is within one-half mile of Baltimore Beltway (I-695) Exit 41, with shopping and all public amenities close by. According to the BCPS web site, nearby public schools are Charlesmont Elementary, General John Stricker Middle and Patapsco High.

SITE:
Rectangular lot – 18′ x 100′
Zoning DR 10.5, residential
Public water, public sewer, gas, electricity, telephone, cable
Concrete parking pad in rear

IMPROVEMENTS:
Two Story Inside-Group Covered Porchfront Townhome, built in 1959, containing 1,008 square feet of living area and 504 square feet of basement space, according to public tax records.

Exterior
Brick facade
Composition shingle roof
Covered front and rear porches, with ramp from parking pad to rear porch
New vinyl-clad double hung windows and exterior doors in 2018

First Floor

• Living Room – carpeting over wood floor, coat closet
• Dining Room – carpeting over wood floor
• Kitchen – vinyl floor, laminate cabinets and counter tops, gas range/oven, refrigerator

Second Floor

• 3 Bedrooms – carpeting over wood floor
• Full Bathroom – ceramic tile floor
• Electric stair lift

Basement

• Family Room – carpeting, paneling
• Laundry/Utility Room – carpeting, washer, dryer, utility sink
• Outside exit

Mechanical
Gas forced air heat and central air conditioning (approximately 5 years old)
100 amp. electric
Gas water heater (approximately 5 years old)

The home needs decorating and some updates. It was occupied by the original homeowners.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 19799, Page 629.

TAXES:
Published annual real estate taxes are $1,962, based on a full value assessment of $113,233. 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

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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. 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.

Estate of Roger William Conway, Sr.