Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Price to be disclosed at settlement.
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A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 p.m. on the day of auction at the Auctioneer’s office. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. A 5% buyers premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the
Sample Contract.
$75,000 Opening Bid
“Watson Development”
2 – LOTS
Adjoining Residential Subdivision
0.679± Acre ◆ Zoned CE
Known As
9215 WHISKEY BOTTOM ROAD
Situated On
DAVENE LANE
Howard County, MD 20723
Online Bidding Opens
FRIDAY, OCTOBER 21, 2022
Online Bidding Closes
TUESDAY, OCTOBER 25, 2022
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.
GENERAL INFORMATION:
Known as Lots 32 and 33, Watson Development, Plat Book 3, Page 41, the property is listed on one tax bill. The lots are the remaining two of a residential subdivision, with recent home sales above $500,000. Adjacent homes were built in the last ten years. The auction property is located in a CE commercial zoning district and was not constructed at that time.
LOCATION:
The property is situated just west of US-1 (Washington Boulevard North) and just south of Whiskey Bottom Road. From Whiskey Bottom Road follow Homestretch Court to Davene Lane to end. The surrounding area is a mixture of residential and commercial land uses. According to the Howard County online school locator, nearby public schools are Forest Ridge Elementary, Patuxent Valley Middle and Forest Ridge High. The area is convenient to I-95, MD-32 and employment centers throughout the region.
SITE:
0.679 acre, comprising two lots, each approximately 50′ x 186′. Lot is mostly level and clear. Public water and sewer are in the adjacent property. A private driveway at the rear of the site provides direct access to Whiskey Bottom Road.
ZONING:
The property is located in a CE, Corridor Employment Zoning District, which is “intended to encourage the development and redevelopment of employment land uses near U.S. Route 1.” It is believed that a zoning change or variance would be needed for single family residential development, but many uses are permitted under the CE designation.
Additional Information:
TITLE:
The property is in fee simple and sold free and clear of liens. Known as Lots 32 and 33, Watson Development, Plat Book 3, Page 41. Howard County Deed Book 8453, Page 488.
TAXES:
District 06, Account Number 398375, Tax Map 50, Parcel 437.
Published annual real estate taxes are $2,201, based on a full value assessment of $152,667.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 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 shall be responsible for the risk of loss or damage to the property 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. 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% buyers premium will be added to the final bid price.
