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Featuring Live & Simulcast Online Bidding
$200,000 Opening Bid
CAPE COD HOME
– On 0.24± Acre Corner Lot –
Sale On Premises
126 NORTHWOOD DRIVE
Corner Reuter Road
Lutherville-Timonium, Baltimore County, MD 21093
Online Bidding Opens
FRIDAY, JUNE 11, 2021
Live Onsite Auction Begins
WEDNESDAY, JUNE 16, 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. Online bidding is available from Friday, June 11, and will continue through the live auction. You can choose to bid online and/or attend the live auction.
126 Northwood Drive is located in the Yorkshire subdivision in the Timonium area of Baltimore County. Yorkshire is situated just east of York Road, a short distance south of Timonium Road, approximately 1 mile from Harrisburg Expressway (I-83) exit 16. The subdivision is made up predominantly of traditional single-family homes constructed in the post World War II era, many of which have been updated, expanded or been fully redeveloped in recent years. York Road provides ample opportunities for shopping, dining and entertainment. There is a grocery store within one mile, and a number of well known retail and dining establishments in close proximity. According to the Baltimore County Public Schools locator tool, nearby schools are Timonium Elementary, Ridgely Middle and Dulaney High.
For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Baltimore County Public Schools – www.bcps.org
Lot size – 10,521 square feet, or 0.2415 acre, more or less. Plat
Known as lot 15 on Plat No. 3 of the Addition to Yorkshire, recorded at Plat Book JWB 14, page 46.
The lot is situated at the corner of Northwood Drive and Reuter Road and features a partially fenced rear yard, driveway and parking area for 2-3 vehicles and mature landscaping.
Cape Cod Home – constructed in 1952, containing 1,536 square feet of living area and 792 square feet of partially finished basement space. The home needs full renovation, and is as further described below.
Sold subject to a $120 annual ground rent, due in semi-annual installments on 5/5 and 11/5 (dates different on GR registration); sold free and clear of liens.
Published annual real estate taxes are $4,093.45 based on a full value assessment of $278,967.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $20,000 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 within 24 hours at the Auctioneer’s office. If the high bidder is an online purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office, by 4:30 p.m. on the day of the auction. 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 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.