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REAL ESTATE AUCTION
– $60,000 Suggested Opening Bid –
“North Point Village”
TWO STORY TOWNHOME
3 Bedrooms ◆ 1.5 Baths ◆ Parking Pad
Sale On Premises
7902 ST. MONICA DRIVE
Baltimore County, MD 21222
THURSDAY, JULY 26, 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.
The property is located in the North Point Village neighborhood of Dundalk, Maryland, in the southeast corner of Baltimore County. The neighborhood was constructed in the early 1950’s and is comprised of tidy, brick porchfront townhomes and the convenience of nearby restaurants, shopping, and grocery store. Only a short drive from Baltimore City, this community offers easy access to both downtown and the 695 Beltway, and is in the Battle Grove Elementary School, Sparrows Point Middle School, and Sparrows Point High School districts according to bcps.org. This area continues to grow and develop thanks to several notable companies located nearby including Johns Hopkins, Port of Baltimore, Amazon Distribution Center and Tradepoint Atlantic at Sparrows Point.
Rectangular lot 16′ x 100′
Fenced front and rear yards
Concrete parking pad in rear
All public utilities
Two story brick inside-group townhome, built in 1955, containing 1,024 square feet of living area and 512 square feet of basement space according to public tax records.
Brick construction, concrete block foundation
Pitched, composition shingle roof
Vinyl-clad double-hung replacement windows
Covered front entry porch
Gas forced air heat and central air conditioning
100-amp. electrical service
Gas, 40-gallon water heater
The home shows well, but could use updating.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 19864, Page 363.
Published annual real estate taxes are $1,878.02, based on a full value assessment of $101,600. 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:
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. 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. A 5% buyer’s premium will be added to the final bid price.