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REAL ESTATE AUCTION
Suggested Starting Bid: $10,000
ON 0.58± ACRE
10904 MCKINSTRY MILL ROAD
Near Pearre Road
Frederick County, MD 21776
Sale to Be Held:
Circuit Court for Frederick County
100 W. Patrick Street
Frederick, Maryland 21701
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FRIDAY, JUNE 14, 2019
AT 11:15 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.
10904 McKinstry Mill Road is located at the eastern edge of Frederick County, between New Windsor, Union Bridge and Libertytown. The area is largely rural, with surrounding properties comprised predominantly of farms, farmettes and single family home sites. Frederick, Westminster and Taneytown are each within approximately 25 miles. According to the Frederick County Property Explorer, nearby schools are Liberty Elementary, New Market Middle and Linganore High.
For more information about the area, please visit:
Mostly wooded parcel comprising 0.58 acre, more or less
Known as Frederick County Tax ID: 17-357549
The status of existing private well and septic are unknown
Zoned A – Agricultural
The property is believed to be improved by a single story farmhouse constructed in 1840, and containing 1,035 square feet of living area and 468 square feet of basement space. The structure is believed to require razing or full rehabilitation.
Current annual real estate taxes are $1,464.17 based on a full value assessment of $112,300. 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:
In fee simple; sold free and clear of liens.
Please see the contract of sale for complete terms.
A $3,000 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 by 11:15 A.M., Monday, June 17, 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