"Edmondson Heights"

TRUSTEES’ AUCTION

TWO STORY TOWNHOME

Sale On Premises
1522 FOREST PARK AVENUE
Baltimore County, MD 21207

MONDAY, JULY 29, 2019
AT 2:00 P.M.

      Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Zeller, et al. v. Morris, et al. (Partition Proceeding), Case No. 03-C-17-010849SL, the undersigned Trustees will sell at public auction, on the premises, the following:

      All that leasehold lot of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described in the Assignment dated September 11, 2007 and recorded among the Land Records of Baltimore County in Book 26158, Page 267; subject to an annual $96 ground rent, payable semi-annually on the 20th days of May and November in each and every year; lot size 19′ x 120′, more or less. The improvements thereon being known as 1522 Forest Park Avenue, Baltimore, MD 21207.

      The property is improved by a two story brick inside-group townhome, built in 1955, containing 1,140 square feet of living area and 570 square feet of basement space, according to public tax records. The home has a composition shingle roof, wooden double-hung windows with aluminum storm sashes, concrete block basement foundation, fenced rear yard, plaster walls and wood floors.

      First floor contains a living room with coat closet, dining room with ceiling fan, kitchen with wood cabinets, laminate counters, refrigerator, gas range/oven, microwave, dishwasher and ceramic tile floor. Second floor has three bedrooms and full ceramic tile bath. Pull-down attic. Unfinished basement comprises two rooms, outside exit and flush. Gas forced air heat, central air conditioning, gas water heater and 90-amp. circuit breakers. The home needs updating and cosmetic repairs.

ADDITIONAL INFORMATION

      Published annual real estate taxes are $1,845, based on a full value assessment of $122,733. 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

      From Baltimore County government web site:

      Zoning DR 10.5

      Edmondson Heights Elementary School
      Southwest Academy Middle School
      Woodlawn High School

      TERMS OF SALE: A $7,500 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. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore County at a location designated by the Trustees. If payment of the 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 8% per annum, from date of contract to date of settlement. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of contract. Taxes, ground rent and all other public charges and assessments payable on a monthly or annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. The purchaser waives and releases the Trustees, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Trustees are 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 Trustees or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

      Authority to cancel this sale rests solely with the Trustees and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders’ deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.

No Buyer’s Premium

Louis J. Weinkam, Jr. and
Richard J. Hackerman, Trustees