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Douglas C. Lauenstein, P.A., Attorney
8900 Belair Road, Nottingham, MD 21236
REAL ESTATE AUCTION
$150,000 Suggested Opening Bid
CIRCA 1943 BUNGALOW
Sale On Premises
9 BELFAST ROAD
Off York Road, South of Timonium Road
Baltimore County, MD 21093
WEDNESDAY, SEPTEMBER 4, 2019
AT 12:30 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.
9 Belfast Road is located in the Yorkshire neighborhood of north-central Baltimore County. The neighborhood is comprised of well maintained 1940’s single family homes, many of which have been substantially expanded. Public schools are Timonium Elementary, Ridgely Middle and Dulaney High, according to the Baltimore County government web site. Walk to shopping, restaurants and public transportation. The house is located one block east of York Road, near Sweet Briar Lane.
Rectangular lot – 50′ x 150′
Fenced rear yard
Asphalt two-car driveway
Zoning DR 5.5
All public utilities
One and one-half story bungalow, constructed in 1943, containing 1,008 square feet of living area and 672 square feet of basement space, according to public tax records.
Exterior – vinyl siding, composition shingle roof, vinyl-clad double-hung replacement windows, full concrete block basement foundation.
Covered entry porch
Rear wood sun deck with retractable awning
Mechanical – gas forced air heat, central air conditioning, 50-gallon gas water heater, 100 amp. electrical service, sump pump
The home appears well maintained but needs updating.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 6332, Page 4.
Published annual real estate taxes are $2,165, based on a full value assessment of $155,200. 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 $15,000 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. 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.
No buyer’s premium.
Auction by order of the Estate of Karlheinz Mueck