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Douglas C. Lauenstein, Attorney
8900 Belair Road, Nottingham, MD 21236
– $65,000 Suggested Opening Bid –
TWO STORY TOWNHOME
Sale On Premises
2123 REDTHORN ROAD
Baltimore County, MD 21220
WEDNESDAY, MAY 29, 2019
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.
2123 Redthorn Road is located in the Middle River area of eastern Baltimore County. The home is situated in the “Hawthorne” neighborhood on a peninsula surrounded by Middle River, Cow Pens Creek and Dark Head Creek. Hawthorne is south of the 2000 block of Eastern Avenue (MD-150), east of Route 702 and west of Martin State Airport. Access to the Baltimore Beltway (I-695) is about two miles west. Public bus service is regularly scheduled to the neighborhood.
Hawthorne is predominantly comprised of two story townhomes, constructed in the 1950s. Most are well maintained and some have been expanded. According to the Baltimore County government web site, nearby public schools are Hawthorne Elementary, Stemmers Run Middle and Kenwood High. Neighborhood shopping is within walking distance as is a community park.
Rectangular lot – 16′ x 102′
Zoning DR 10.5, residential
All public utilities
Fenced yard – front and rear
Two story brick inside-group townhome, built in 1955, containing 1,024 square feet of living area and 512 square feet of basement space, according to public tax records.
Full concrete block basement foundation
Composition shingle roof
Covered front porch
Vinyl-clad double hung windows
Gas forced air heat
Central air conditioning
100 amp. electric
Gas water heater
The house was occupied by the original owner and needs updates and cosmetic repairs.
The property is sold free and clear of liens, subject to an annual $90 ground rent, payable semi-annually on the first days of May and November in each and every year. Baltimore County Deed Book 37650, Page 462.
Published annual real estate taxes are $1,508, based on a full value assessment of $95,367. 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:
Please see the contract of sale for complete terms.
A $7,500 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. 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, ground rent, 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.
No buyer’s premium.