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Joseph M. Schnitzer, Attorney
Schnitzer & Hymer, LLC
6 Reservoir Circle – Suite 102
Baltimore, MD 21208
$250,000 Opening Bid
3 Bedrooms ◆ 2 Baths ◆ Finished Basement
7 MELMARK COURT
Montgomery County, MD 20878
Online Bidding Opens
FRIDAY, APRIL 30, 2021
Online Bidding Closes
MONDAY, MAY 3, 2021
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.
7 Melmark Court is situated in the Gaithersburg area of central Montgomery County, west of I-270, north of Quince Orchard Road, east of Great Seneca Highway and south of Seneca Creek State Park. Relda Square, the surrounding neighborhood, is comprised of well-kept single family homes, built in the late 1970’s and early 1980’s. Nearby public schools are Diamond Elementary, Lakelands Park Middle and Northwest High, according to the Montgomery County Public Schools web site.
Gaithersburg is about five miles north of the Capital Beltway (I-495) and an easy commute to Downtown Washington. Shopping, dining and public services are a five minute drive from the home.
Situated on a quiet cul de sac, the lot is rectangular, fronting 60′ x 85′, comprising 0.117 acre. The lot backs to a scenic wooded area.
Concrete two-car driveway
Fenced rear yard
Split-Foyer Home – according to public tax records, the home was built in 1978 and contains 1,140 square feet of living area on the upper level. The lower level also contains 1,140 square feet and is approximately 75% finished area.
Exterior – brick and vinyl siding, composition shingle roof, vinyl-clad sliding windows, poured concrete foundation, rear sun deck
Mechanical – electric heat pump and central air conditioning, 50-gallon electric water heater
The house is clean but needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Montgomery County Deed Book HMS 8412, Page 177.
Published annual real estate taxes are $4,668, based on a full value assessment of $369,633. 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.
Annual homeowners association (HOA) fees are $150. HOA Resale Package
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction, 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, homeowners association fees, 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, and subject to the Declaration and Bylaws of the Relda Square Homeowners Association. 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 and waives any right of rescission under the Maryland Homeowners Association Act, having received the required resale package in advance of the auction. 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.
Auction by order of the Personal Representative
of the Estate of Agnes H. Donahue