"Finksburg"

Frank G. Lidinsky, P.A., Attorneys
8600 LaSalle Road, Suite 320
Towson, MD 21286

ESTATE SALE
ONLINE AUCTION

FARMHOUSE
ON 10.65± ACRES

Known As
1873 LAKELAND DRIVE
Near Sykesville Road
Finksburg, Carroll County, MD 21048

BIDDING OPEN:
MONDAY, MARCH 23, 2020

BIDDING CLOSE:
THURSDAY, MARCH 26, 2020
AT 1:00 P.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:
1873 Lakeland Drive is located in the Finksburg area of southern Carroll County. Surrounding subdivisions are referred to as Lakeland Heights, Lake Forest Estates and Woolery’s Election District. Liberty Reservoir is a short distance to the south, and provides boating, hiking and other recreational opportunities. Lakeland Drive is immediately off Sykesville Road, MD-32, which provides convenient access to Gamber Road, Liberty Road and I-70. The Finksburg and Eldersburg town centers are each about 5 miles away, to the north and south respectively. Access to Westminster, Baltimore, Columbia and Frederick is also good. According to the Carroll County School Boundary map, nearby schools are Mechanicsville Elementary, West Middle and Westminster High.

For more information about the area, please visit:
Carroll County Government – www.carrollcountymd.gov
Carroll County Tourism – carrollcountytourism.org
Carroll County Public Schools – www.carrollk12.org

SITE:
Lot size – 10.65 acres, more or less, according to public tax records

Right of way to Lakeland Drive: Deed and Plat

The lot is mostly wooded with some mature landscaping around the home

Asphalt circular driveway with parking area

Outbuildings

Believed to be serviced by private well and septic

A portion of the existing driveway is believed to be situated on the adjoining neighbor’s property, as per the Location Drawing.  The property is sold subject to any existing conditions, including encroachments.  Future arrangements regarding the driveway shall be the purchaser’s responsibility.

ZONING:
Zoning – C – Conservation

For more information about Carroll County zoning, please visit: Carroll County Zoning Administration

IMPROVEMENTS:
Two story farmhouse – constructed in 1800, containing 2,080 square feet of living area plus cellar basement, according to public tax records. Features include original wood floors, wood double-hung windows and pull-down attic. The home is arranged for: entry foyer, living room, dining room, family room and kitchen, on the first floor; three bedrooms and full bath, on the second floor; pull-down attic; unfinished basement with mechanical area. Needs renovation.

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

TAXES:
Published annual real estate taxes are $3,342.65, based on a full value assessment of $290,500.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $10,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Thursday, March 26, 2020 at 1:00 P.M. (the bid closing). 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. The property is sold subject to any existing conditions, including encroachments. Future arrangements regarding the driveway shall be the purchaser’s responsibility. 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 William M. Campbell