"Laurel - Howard County"

Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
One North Charles St. – Suite 1200
Baltimore, Maryland 21201

GUARDIAN’S SALE

TOWNHOUSE CONDOMINIUM

Sale On Premises
9556 CANTERBURY RIDING
a/k/a Unit #214
Near All Saints Road
Howard County, MD 20723

WEDNESDAY, MAY 23, 2018
AT 2:00 P.M.

– Suggested Opening Bid: $70,000 –

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:
9556 Canterbury Riding is located within the Canterbury Riding Condominium in the Laurel area of Howard County. The condominium complex is situated along All Saints Road, between N. Laurel Road and Whiskey Bottom Road. Nearby MD-216 provides proximate access to I-95, approximately one mile northwest, and the center of Laurel, approximately 2 miles south. The location provides convenient access to major nearby employers in the Laurel, Columbia, BWI, Baltimore and Washington, DC areas.

COMMUNITY:
The Canterbury Riding Condominiums are comprised of approximately 288 townhouse condominiums spread over 38 total buildings. The complex was developed in the mid 1970’s, with most of the homes constructed between 1976 and 1978. Home sizes range between 1,056 and 1,188 square feet, with three types of original floor plans. The community features a pool, clubhouse, tennis court and playground.

9556 Canterbury Riding is located in building #30, which, according to tax records, was constructed in 1976. Building #30 is situated within the center of the community, and is among the most proximate to the pool and other community amenities. Eight townhouse condominiums are located within building #30.

Monthly Condominium fee is $220. Condominium Resale Package

IMPROVEMENTS:
Split-level townhouse condominium – constructed in 1976, containing 1,056 square feet of living area and 528 square feet of basement space at grade in the rear, according to public tax records.

Exterior
Wood siding and brick facade
Asphalt shingle roof
Wood windows
Aluminum down spouts and rain gutters

Interior
Entry level
• Foyer and coat closet – laminate floor
• Kitchen – laminate floor, laminate countertops, original cabinets and appliances
• Dining room – laminate floor

Upper 1 – Living room – carpet

Upper 2
• Landing – wood floor
• Bedroom – carpet, 2 closets
• Full bath – ceramic tile floor and surround, shower/tub

Upper 3- Bedroom suite with walk-in closet and loft

Basement – walk-out at grade in rear, full height, unfinished family room area and utility area

Mechanical
Forced Air Oil Heating
Central Air Conditioning
Electric Water Heater
Washer/Dryer Hook-up

Needs full renovation.

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

TAXES:
Published annual real estate taxes are $2,014.49 based on a full value assessment of $132,800. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx 

TERMS OF SALE:
A $7,500 deposit, payable by certified check or 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. 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, condominium fees, 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property 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. Purchaser agrees to waive any right of rescission under Maryland condominium law, if applicable. 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!
Sale by Order of:
Arthur L. Drager, Guardian of the Property for
Larry T. Haug