Featuring Live & Online Simulcast Bidding
$40,000 Opening Bid
– On 0.158 ± Acre –
12 HYDROPLANE DRIVE
Middle River, Baltimore County, MD 21220
Online Bidding Opens
TUESDAY, MAY 24, 2022
Live Onsite Auction
THURSDAY, MAY 26, 2022
AT 12:00 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.
12 Hydroplane Drive is located in the Victory Villa subdivision of Middle River in eastern Baltimore County. The neighborhood is predominantly made up of 1940’s ranch homes with modest yard space. The home is a commuter’s dream, being within 5 minutes of I-95, I-695 and Route 40. Within 2 miles of the home are grocery stores, home improvement warehouses, dining, retail and entertainment. Several marinas and other forms of water access are also nearby. Major employers in the area include Johns Hopkins Bayview Campus, MedStar Franklin Square Medical Center, as well as several transportation employers, such as TransAmerican Trucking Service, PGS USA, Amazon and more. According to the Baltimore County Public Schools Locator, the public schools are Orems Elementary School, Stemmers Run Middle School and Kenwood High School.
For more information, please see:
Baltimore County My Neighborhood – bcgis.baltimorecountymd.gov
Middle River – www.niche.com
Lot – 0.158 Acre, more or less. Plat
Concrete and asphalt driveway for 2+ vehicles
All public utilities
One and one half story traditional home – according to public tax records, the house was constructed in 1942, contains 1,056 square feet of living area with no basement. The home contains living room, bedroom, bathroom and kitchen, on the first floor; two bedrooms, on the second floor; no basement.
In fee simple; sold free and clear of liens. Baltimore County Deed Book JLE 46303, folio 91
Published annual real estate taxes are $2,392.23 based on a full value assessment of $121,800.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $5,000 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.
Online Auction Bidders – 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 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, ground rent and 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 waives the right of inspection for lead paint, as provided under current Federal and State law. Purchaser assumes the risk of loss 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.
NO BUYER’S PREMIUM