ONLINE REAL ESTATE AUCTION
To The Highest Bidder Above $2,500
-0.129 ± Acre-
815 TRITAPOE DRIVE
Knoxville, MD 21758
TUESDAY, AUGUST 4, 2020
THURSDAY, AUGUST 6, 2020 AT 12:00 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.
The property is located in the town of Knoxville in northwestern Frederick County, Maryland. The parcel is conveniently located within close proximity to restaurants, retail shops and entertainment options. The Smoketown Brewery Station, a former firehouse, is one mile away and offers tastings, food, music and food trucks to patrons multiple times a week. Within three miles of the parcel are grocery stores, hardware stores, libraries and recreation centers. According to the Frederick County Public School Systems the local public schools include Brunswick Elementary School, Brunswick Middle School and Brunswick High School.
For more information about the area, please visit:
Frederick County Government – frederickcountymd.gov
Frederick County Public Schools – Find Your Feeder Area – www.fcps.org
Lot – 0.129 acre, more or less
Lot fronts approximately 40′ on Tritapoe Drive
Water and sewer are believed to be available on the property
For more information, see: Frederick County Utilities & Solid Waste Management.
Medium Density Residential Zoning. 6-12 dwelling units per acre permitted.
For more information, see the Frederick County Code.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $641.72, based on a full value assessment of $54,200. 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:Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 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, August 6, 2020 at 12:00 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. Purchaser assumes the risk of loss from the date of contract forward. 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.