"Essex - Martindale"

REAL ESTATE AUCTION

BUNGALOW
– On 0.156± Acre –

Sale on Premises
912 MARTIN ROAD
Off S. Marlyn Avenue
Baltimore County, MD 21221

FRIDAY, DECEMBER 13, 2019
AT 11:00 A.M.

– Suggested Opening Bid: $35,000 –

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:
912 Martin Road is located in the Martindale subdivision in the Essex area of southeastern Baltimore County. Surrounding neighborhoods include Marlyn Terrace and Marlyn Manor. Eastern Boulevard and MD-702 provide proximate access to the Baltimore Beltway (I-695), and I-95 is also in close proximity. Groceries, dining, retail shopping and the Essex Branch of the Baltimore County Public Library are all located along Eastern Boulevard, within 1 mile of the property. Surrounding homes are comprised predominantly of single family homes constructed in the 1940’s and 1950’s, many of which have been expanded and substantially updated. According to the Baltimore County Public Schools boundary tool, nearby schools are Sussex Elementary, Deep Creek Middle and Chesapeake High.

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

SITE:
Lot size: 50′ x 136′, comprising 6,800 square feet or 0.156 acre, more or less

All public utilities

Zoned DR 5.5 Residential

IMPROVEMENTS:
Bungalow – constructed in 1949, containing 780 square feet of living area and 780 square feet of basement space. The home has been cleaned out and partially gutted. Needs renovation.

TAXES:
Published annual real estate taxes are $1,128, based on a full value assessment of $61,800.

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

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. 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 by 11:00 A.M., Monday, December 16, 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, ground rent, 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. Purchaser waives the right of inspection for lead paint, as provided under current Federal and State law. The Purchaser waives and releases the Seller, 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. 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.