Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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Rob Goldman Legal Solutions
6800-B Holabird Avenue, Dundalk, MD 21222
ESTATE AUCTION
$100,000 Suggested Opening Bid
“Edgepoint”
Three Bedroom
BUNGALOW
Sale On Premises
1741 DREXEL ROAD
Wise Ave. to Kirkland Ave. to Drexel Road
Baltimore County, MD 21222
TUESDAY, MAY 15, 2018
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:
1741 Drexel Road is located in the Edgepoint neighborhood of Dundalk, in eastern Baltimore County, north of Wise Avenue and west of Northpoint Boulevard. The home is one block north of Sparrows Point Country Club. The surrounding neighborhood is comprised of generally well-maintained, single family homes, constructed in the 1950s. Nearby public schools are Edgemere Elementary, General John Stricker Middle and Patapsco High, according to the Baltimore County government web site. Public transportation is within walking distance and community shopping is within one mile of the site.
SITE:
Level, landscaped lot – 52′ x 115′
Zoning DR 5.5, residential
All public utilities
Fenced rear yard
Concrete parking pad
IMPROVEMENTS:
One and One-half Story Bungalow, built in 1951, containing 1,170 square feet of living area and 780 square feet of basement space, according to public tax records.
Exterior
Vinyl siding
Vinyl-clad double-hung windows
Composition shingle roof
Concrete block foundation
Vinyl siding storage shed in rear
First Floor
Second Floor
Basement
Unfinished
Outside Exit
Utility Sink, washer, dryer freezer
Mechanical
Gas forced air heat
Central air conditioning
40-gallon gas water heater
Water filter for entire house
Sump pump
100 amp. electrical service
The property was occupied by the original homeowner and has been well maintained, but could be updated.
TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 5222, Page 429.
TAXES:
Published annual real estate taxes are $2,183, based on a full value assessment of $141,967. 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 $10,000 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. 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.
Auction by order of the Personal Representative of the Estate of Anna M. Oberle
