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Featuring Live & Simulcast Online Bidding
$140,000 Opening Bid
CAPE COD HOME
On 0.33± Acre – Needs Renovation
Sale On Premises
323 NEW JERSEY AVENUE NE
Glen Burnie, Anne Arundel County, MD 21060
Online Bidding Opens
FRIDAY, JUNE 25, 2021
Live Onsite Auction Begins
WEDNESDAY, JUNE 30, 2021
AT 12:30 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. Online bidding is available from Friday, June 25, and will continue through the live auction. You can choose to bid online and/or attend the live auction.
323 New Jersey Avenue is located in the Glen Gardens subdivision in the Glen Burnie area of northern Anne Arundel County. Glen Gardens is comprised predominantly of picture perfect post-war traditional homes on tidy lots. The neighborhood sits between Gov. Ritchie Highway (MD-2), Arundel Expressway (MD-10) and Baltimore Annapolis Boulevard (MD-648), making the area one of the most conveniently situated in central Maryland. Proximity to major employment centers in Baltimore, Annapolis, Washington, D.C., and, most notably, the BWI commercial corridor is excellent. Access to shopping and dining is also ample. According to the Anne Arundel County public schools website, nearby schools are Glendale Elementary, Marley Middle and Glen Burnie High.
For more info, please visit:
Anne Arundel County, MD – www.aacounty.org
Anne Arundel County Public Schools – www.aacps.org
Lot size – 14,578 square feet, or 0.335 acre, more or less, according to public tax records
Brick Cape Cod Home – constructed in 1949, containing 1,170 square feet of living area and 780 square feet of basement space. The home needs full renovation, and is as further described below.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $2,499.13 based on a full value assessment of $201,900.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $15,000 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. If the high bidder is an online Purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office, by 4:30 p.m. on the day of the auction. 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 5% buyer’s premium will be added to the final bid price.