"Dundalk - Gray Haven"

REAL ESTATE AUCTION

“Gray Haven”

TWO STORY
BRICK END-OF-GROUP TOWNHOME
Enclosed Porch

Sale On Premises
8015 GRAY HAVEN ROAD
Off Park Haven Road
Baltimore County, MD 21222

FRIDAY, OCTOBER 12, 2018
AT 12:00 NOON

– Suggested Starting Bid: $30,000 –

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.

LOCATION:
8015 Gray Haven Road is located in the Dundalk area of southeast Baltimore County. The home sits 0.2 miles from Bear Creek Park which features sports fields, green space and provides access to Bear Creek. Lynch Manor Shopping Center is located within 0.7 miles. The Sparrows Point Country Club is 2.5 miles away. I-95 and I-895 are about 3 miles to the northwest, and I-695 is about 1.5 miles to the northeast.

SITE:
Lot – 35′ x 100′, more or less

Enclosed side porch

Fully fenced yard

All public utilities

Zoned Residential

IMPROVEMENTS:
Two story brick end-of-group townhome – according to public tax records, the house was constructed in 1956, contains 1,216 square feet of living area and 608 square feet of partially finished basement area. The house contains: living room, dining room and kitchen, on the first floor; 3 bedrooms and bath, on the second floor; partially finished basement.

INTERIOR:

First Floor:

• Living room – carpet
• Dining room – sub-floor
• Kitchen – gutted

Second Floor:

• Bedroom – hardwood
• Bedroom – hardwood
• Bedroom – carpet
• Bath – laminate flooring

Basement and mechanical:

• Partially finished
• Gas forced air heat
• Central air conditioning
• 40 gallon hot water heater

Note: The house needs renovation.

TITLE:
Subject to an annual $96 ground rent, payable on the 1st days of May and November; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,697, based on a full value assessment of $119,333 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 REFER TO THE CONTRACT FOR THE COMPLETE 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 by 12:00 Noon, Monday, October 15 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!