"Eldersburg - Sweet Air Estate"

 REAL ESTATE AUCTION 

– $200,000 Suggested Opening Bid –

“Sweet Air Estate”

BRICK RANCHER
5 Bedrooms ◆ 3 Baths ◆ Two-Car Garage
Renovation Needed

Sale on Premises
2310 LAKE CIRCLE DRIVE
Off Sunset Drive
Sykesville, Carroll County, MD 21784

THURSDAY, JANUARY 31, 2019
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.

LOCATION:
2310 Lake Circle Drive is located in the Sweet Air Estate neighborhood of eastern Carroll County, along the western edge of the Liberty Reservoir Watershed. The surrounding area is predominantly comprised of custom detached homes on large lots. The neighborhood is about 0.25 mile south of Liberty Road (MD-26). Shopping and community services are close by in Eldersburg. Nearby public schools are Freedom Elementary, Oklahoma Road Middle and Liberty High, according to the Carroll County Public Schools website.

SITE:
Magnificent homesite backs to pristine woodlands of Liberty Lake. Lot fronts 117′ along the east side of Lake Circle Drive by a depth of 291′, comprising 1.13 acres of land. Lot is graded to allow for rear at-grade entry for lower level.

Public water and public sewer, electricity, telephone, cable

Five-car asphalt driveway leads to two-car attached garage.

IMPROVEMENTS:
Brick ranch home, built in 1964, contains 2,064 square feet of living area, 2,064 square feet of basement space, at grade in the rear, 625 square foot attached garage and 347 square foot screened porch, according to public tax records.

Exterior – all brick facade, composition shingle roof, vinyl-clad double-hung windows, two-car attached garage, rear screened porch

First Floor

• Foyer – vinyl tile
• Living Room – hardwood floor, crown moulding, brick wood-burning fireplace
• Dining Room – hardwood floor, bow window overlooking watershed
• Large Eat-in Kitchen – vinyl/laminate floor, wood cabinets, granite tile counters, large skylight, breakfast area, walk-in pantry, refrigerator, double oven, dishwasher, stainless steel sink
• Master Bedroom – wood floor, En-Suite Master Shower Bath – ceramic tile
• Bedroom #2 – wood floor
• Bedroom #3 – wood floor
• Full Bathroom – ceramic tile
• Linen Closet

Lower Level

• Family Room – vinyl tile floor, exit to rear yard, brick wood-burning fireplace
• Bedroom #4 – concrete sub-floor
• Bedroom #5 – concrete sub-floor
• Full Bathroom – ceramic tile
• Laundry Room – vinyl tile
• Large Unfinished Storage and Mechanical Room – concrete floor

Mechanical – two-zone HVAC – oil forced air/central air conditioning and heat pump/central air conditioning in attic; 300 amp. electrical service.

The home needs updating, remodeling and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Known as Lot 3, Block B, Section 1, Sweet Air Estate, as per plat recorded among the Land Records of Carroll County in Plat Book 4 at Plat 31.

TAXES:
Published annual real estate taxes are $4,113, based on a full value assessment of $358,700. 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 see contract of sale for complete terms. A $20,000 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 4% buyer’s premium will be added to the final bid price.