Featuring Live & Online Simulcast Bidding
– $65,000 Opening Bid –
– On 0.32± Acre –
Zoned Residential Office
1506 N. MAIN STREET
Hampstead, Carroll County, MD 21074
Online Bidding Opens
TUESDAY, OCTOBER 12, 2021
Live Onsite Auction
FRIDAY, OCTOBER 15, 2021
AT 2:00 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.
1506 N. Main Street is located in the heart of Hampstead in Carroll County. The Town of Hampstead is an historic community, with roots dating to before the American Revolution. The Town has served as a hub of support and distribution for the surrounding agricultural community, and continues to foster a small town, tight-knit feel. The home is located within the Town itself, providing an array of nearby conveniences. A number of restaurants, retail businesses, services and religious institutions are within very close proximity. Major nearby employers include Stanley Black & Decker, Jos. A Bank, Penguin Random House, Fuchs North America, C.J. Miller and Long View Nursing Home. According to the Carroll County Public Schools website, nearby schools include Spring Garden Elementary, Shiloh Middle and Manchester Valley High.
For more information about the area, please visit:
Town of Hampstead – hampsteadmd.gov
Carroll County Public Schools – www.carrollk12.org
Lot size – 0.322 acre, according to public tax records. See legal description for specific dimensions.
Shared, public access driveway. Rear parking area for 3 vehicles. Mature landscaping, including a few fruit trees. Rear shed. Serviced by all public utilities.
R-O – Residential Office (Town of Hampstead) – According to the Town of Hampstead Code, “The Residential Office District is intended to provide areas for residential uses and professional and administrative offices. The purpose of the district is to preserve and enhance the residential character of the locality involved, while allowing office uses whose nature is highly compatible with single-family dwellings (e.g., low traffic generation, similar scale, and similar intensity). Within the Main Street Revitalization Area, the district protects the essential residential element of downtown Hampstead while offering increased reuse opportunities for existing dwellings.”
For more information about Zoning in the Town of Hampstead, please visit:
Planning & Zoning – hampsteadmd.gov
Two and one-half story traditional home – constructed in 1898, containing 1,764 square feet of living area and 1,036 square feet of basement space, according to public tax records.
First floor –
Second floor –
The home requires renovation.
The property is in fee simple and sold free and clear of liens.
Published annual real estate taxes are $2,270.23, based on a full value assessment of $165,233.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 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 by 12:00 Noon, Monday, October 18, at the Auctioneer’s office.
Online Auction Bidders – 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, 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 waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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!