"Eldersburg - Liberty Reservoir Area"

Louis J. Weinkam, Jr., Attorney
1002 Frederick Road
Catonsville, MD 21228

ESTATE SALE
– $40,000 Suggested Opening Bid –

RANCH HOME
– On 0.60± Acre –

Sale On Premises
2616 BARNES LANE
Off Oakland Mills Road
Sykesville, Carroll County, MD 21784

THURSDAY, JUNE 14, 2018
AT 12:30 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.

LOCATION:
2616 Barnes Lane is located in the Liberty Reservoir area of southeastern Carroll County. The surrounding area is referred to more generally as either Eldersburg or Sykesville. Surrounding subdivisions include Oakland Hills, Liberty Lake Hills and Derby Farms. The property is situated on a peninsula bound by Liberty Reservoir to the east and southwest. The reservoir has been an attraction to nearby residents and visitors since it was built in the 1940s, and features hiking and bike paths, fishing and other outdoor attractions. Barnes Lane runs off Oakland Mills Road, about one-half mile north of Liberty Road. Surrounding properties include single family homes on well sized lots, a cemetery and Baltimore City owned property surrounding the reservoir. According to Carroll County Public School’s boundary map, nearby schools are Freedom District Elementary, Oklahoma Road Middle and Liberty High.

For more information about the area, please visit:
http://ccgovernment.carr.org/
&
https://www.carrollk12.org/

SITE:
Lot – 26,320 square feet or 0.6042 acre, more or less

Gravel parking area

Two sheds

Fire pit and additional landscape structures

The property is believed to be serviced by public water and private septic
Carroll County Water Service Map
Carroll County Sewer Service Map

Zoning – R-20000 – Residence, Suburban District
For more information about Carroll County Zoning, please visit:
http://ccgovernment.carr.org/ccg/zoningad/

IMPROVEMENTS:
Ranch home with stone facade and siding – the home was constructed in 1954, contains 672 square feet of living area and 336 square feet of basement space. The home is arranged as follows; living room with wood floor and wood stove, kitchen with laminate floor, two bedrooms with wood floors, full bath with laminate floor and unfinished cellar basement; vinyl-clad replacement windows. The home requires full renovation.

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

TAXES:
Published annual real estate taxes are $2,218.49, based on a full value assessment of $183,300. 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

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!

Sale by Order of the Estate of Deborah L. Albrecht