"Edgemere"

REAL ESTATE AUCTION

BUNGALOW
– On 0.13± Acre –

Sale On Premises
2521 ½ SNYDER ROAD
a/k/a 2521 ½ S. Snyder Avenue
Off Sparrows Point Road, Near Welsh Avenue
Baltimore County, MD 21219

THURSDAY, OCTOBER 4, 2018
AT 12:00 NOON

– Suggested Starting Bid: $25,000 –

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:
2521 ½ Snyder Road is located in the Edgemere area of southeastern Baltimore County. Situated a short distance east of Sparrow’s Point, and southeast of the Baltimore Beltway (I-695), Edgemere is a water oriented community, bordered by the Chesapeake Bay, Patapsco River and Back River. North Point State Park makes up the eastern edge of the community, and features a rich history, walking trails, beaches and other recreational facilities. Proximity to the Baltimore Beltway, I-95 and North Point Boulevard offers convenient access to major employers and services throughout the area.

SITE:
Lot – 0.13 acre, more or less, according to public tax records

Approximate dimensions – 62′ front by 89′ deep, more or less

Note: please see legal description for dimensions and right of way information.

Fully fenced yard

Driveway

Zoning – DR 5.5, residential

All public utilities

IMPROVEMENTS:
One and one-half story bungalow – the home was constructed in 1940 and contains 1,224 square feet of living area, according to public tax records. The home features an enclosed front porch, salvaged wood floors, other salvaged architectural details and gas forced air heat. The home is arranged as follows:

Exterior
Shingled exterior
Asphalt shingle roof
Wood windows
Aluminum down spouts and rain gutters
Enclosed porch

Interior

First floor:

• Kitchen – laminate floor
• Dining room – carpet over wood floors
• Living room – carpet over wood floors
• Bedroom – wood floor
• Bedroom – wood floor
• Full bath – laminate floor

Second floor:

• Bedroom
• Bedroom

Needs renovation.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,615.31, based on a full value assessment of $146,000. 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 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!