$60,000 Opening Bid
TWO STORY TOWNHOME
3 Bedrooms & Bath
928 IMPERIAL COURT
Baltimore County, MD 21227
FRIDAY, APRIL 30, 2021
TUESDAY, MAY 4, 2021
AT 11:00 A.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.
The property is located in the Riverview neighborhood of southwestern Baltimore County. The neighborhood is predominantly comprised of two story townhomes, built in the 1950s. Baltimore Beltway (I-695) Exit 9 is about one mile west of the neighborhood. Public bus service is on Hollins Ferry Road. According to the Baltimore County government web site, nearby public schools are Riverview Elementary, Lansdowne Middle and Lansdowne High. The neighborhood has good access to area employment centers, shopping and public services. Homes in Riverview are owner and tenant occupied.
Rectangular lot 16′ x 100′. Plat
Zoning DR 10.5, residential
All public utilities
Two story brick inside-group townhome, built in 1955 and containing 1,024 square feet of living area, according to public tax records. The home has a built-up roof, vinyl-clad double-hung windows and is constructed at grade.
First floor contains a living room and kitchen; three bedrooms and bath, on the second floor; gas forced air heat.
The house needs updating and cosmetic repairs.
The property is sold free and clear of liens, subject to an annual $90 ground rent, payable half-yearly on the first day of May and November in each and every year. Baltimore County Deed Book SM 20266, Page 395.
Published annual real estate taxes are $1,451, based on a full value assessment of $86,800. 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 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 sale, at the Auctioneers 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. A 5% buyer’s premium will be added to the final bid price.