"Gwynn Oak"

ONLINE REAL ESTATE AUCTION
To The Highest Bidder Above $2,500

RESIDENTIAL PARCEL
-0.063± Acre-

KNOWN AS:
PARSONS AVENUE
BALTIMORE COUNTY TAX ID: 0315054103
Gwynn Oak, MD 21207
Near Parsons Avenue and Southern Cross Drive

BIDDING OPEN:
THURSDAY, MARCH 5, 2020

BIDDING CLOSE:
MONDAY, MARCH 9, 2020 AT 1:00 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.

LOCATION:
The property is located in the residential suburb of Gwynn Oak in western Baltimore County. Located within a mile of Reisterstown Road, a major thoroughfare of Baltimore City and County, the property has great access to retail, dining and entertainment options. Giant Goods, Home Depot and other shops are located in the Reisterstown Road Plaza within a mile of the parcel. For commuters, the parcel is located within three quarters of a mile of the Reisterstown Plaza Subway stop. Liberty Road, Northern Parkway and Rogers Avenue are all within close proximity of the property as well. According to the Baltimore County Public School Locator, the public schools are Wellwood International School, Pikesville Middle School and Woodlawn High School.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
School Boundaries – www.bcps.org
Gwynn Oak, MD – www.neighborhoodscout.com

SITE:
Lot – 0.063 acre, more or less

Known as lot 36, block S on “Brighton” recorded among the Land Records of Baltimore County in Plat Book JWS 1, page 48.

Plat

All public utilities

ZONING:
DR-5.5 Residential, which permits 5.5 units per acre. No standard unit lot size is required except for small tracts.

For more information, see the Baltimore County Zoning Classifications.

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

TAXES:
Published annual real estate taxes are $32, based on a full value assessment of $2,700. 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 Monday, March 9, 2020 at 1:00 PM (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.