"Edgemere - Sparrows Point"

Arthur L. Drager, Esquire
Law Offices of Arthur L. Drager, LLC
10 N. Calvert St., Suite 1200
Baltimore, MD 21201

GUARDIAN’S AUCTION

THREE STORY
WATERFRONT HOME
– Boat Dock and Boat Lift –

Sale On Premises
7202 MARTHA AVENUE
Off Grace Road
Baltimore County, MD 21219

FRIDAY, JANUARY 25, 2019
AT 11:00 A.M.

– Suggested Starting Bid: $100,000 –

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:
7202 Martha Avenue is located in the Edgemere neighborhood in East Baltimore County. The home sits next to the water in a small quiet cove on the Back River. North Point Road (0.2 miles) is a major thoroughfare that provides retail, dining and entertainment options. For boaters, there are several marinas, including Meehan’s Marina (1.4 miles), Layne’s Marina (1.8 miles) and Atlantis Marina (2 miles). Major employers in the area include Chesapeake Specialty Products, DAP Products Manufacturing Plant and the Sparrows Point Shipyard Industrial Complex. Commuters can take advantage of I-695 (1 mile) for a quick connection to major highways. Nearby schools include Edgemere Elementary (0.3 miles), Sparrows Point Middle (0.6 miles) and Sparrows Point High School (0.7 miles).

For more information about the area, please visit:
https://bcgis.baltimorecountymd.gov/myneighborhood/
https://www.baltimorecountymd.gov/
https://www.bcps.org/

SITE:
Lot – 46’6″ x 139′, more or less

Storage shed

Asphalt driveway for 3 vehicles

Zoned Residential

Boat dock and lift. Depths at the end of the dock are estimated to be 3′.
For more information, see NOAA Chart Number 12278: http://www.charts.noaa.gov/OnLineViewer/12278.shtml

Believed to contain all public utilities
For more information, see the Basic Services Map:
https://resources.baltimorecountymd.gov/Documents/Public_Works/basicservices/2018/sewer2018final.pdf

Believed to be located in an AE Flood Zone
For more information, see the flood maps: https://msc.fema.gov/portal/search#searchresultsanchor

IMPROVEMENTS:
Three story concrete home – according to public tax records the home was constructed in 1950. The home features a 4 car garage on the lower level and 3 car parking pad, front and rear decks, storage shed and boat lift and dock. The home is believed to contain living room, kitchen, bathroom and bedroom on the second level; bedroom and bathroom on the third level.

INTERIOR:

First Level:

• Four car garage
• Two garage doors

Second Level:

• Living room – hardwood floors with fireplace
• Dining room – hardwood
• Eat in kitchen – laminate
• Bedroom – carpet
• Bedroom – carpet
• Bathroom – tile

Third Level:

• Bedroom – carpet
• Bedroom – carpet
• Bathroom – laminate tiles
• Kitchen – laminate tiles
• Dining room – hardwood

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $4,263, based on a full value assessment of $297,400. 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:
https://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 $15,000 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 11:00 A.M., Monday, January 28, at the Auctioneer’s office. 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!

Sale by Order of:
Arthur L. Drager, Guardian of the Property of
Carol Evans