Bidding Starts at: $60,000
– Rented for $1,000/ Month –
8028 STRATMAN ROAD
Near Shore Road
Dundalk, MD 21222
TUESDAY, SEPTEMBER 15, 2020
THURSDAY, SEPTEMBER 17, 2020 AT 1:00 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.
8028 Stratman Road is located in the Eastfield neighborhood of Dundalk in East Baltimore County. The neighborhood was constructed in the 1960’s and is comprised of tidy, brick porchfront townhomes with the convenience of nearby restaurants, shopping, and a grocery store. The home is situated within close proximity to Lynch Cove Park and Inverness Park, both with water views and boat ramps into Lynch Cove. Only a short drive from Baltimore City, this community offers easy access to both Downtown and the Beltway (I-695), and is in the Grange Elementary School, General John Stricker Middle School, and Patapsco High School and Center for the Arts districts according to bcps.org. Major employers in the area include Johns Hopkins, Port of Baltimore, Amazon Distribution Center and Tradepoint Atlantic at Sparrows Point.
Rectangular lot, 0.041 acre, more or less
Rear concrete parking pad
Fenced front and rear yards
Public water and sewer
Two Story Brick Inside Group Townhome, built in 1963, containing 1,152 square feet of living area and 576 square feet of basement space, according to public tax records. The home is currently rented for $1,000 a month to long-term tenants with no active lease. Basement has been modified as a small apartment with kitchenette.
Vinyl replacement windows
Flat built-up roof and asphalt shingles
Rear wood deck
The property is subject to an annual $120 ground rent, payable on the 14th days of March and September, and sold free and clear of liens. Baltimore County Deed Book 34398, Page 478.
Published annual real estate taxes are $2,295, based on a full value assessment of $126,200.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $7,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, September 18, 2020 at 12:00 P.M. 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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. Security deposit, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenant in place, 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 waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. A 5% Buyer’s Premium will be added to the final bid price.