Louis J. Weinkam, Jr., Attorney
1002 Frederick Road
Catonsville, MD 21228
$100,000 Suggested Opening Bid
Cedar Ridge at Piney Orchard
Age 55+ Active Adult Community
2 Bedrooms ◆ 2 Baths ◆ Balcony
Sale On Premises
8615 WANDERING FOX TRAIL
Anne Arundel County, MD 21113
THURSDAY, NOVEMBER 14, 2019
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.
8615 Wandering Fox Trail, Unit 201 is located in the Cedar Ridge at Piney Orchard condominium community of Odenton, in west-central Anne Arundel County. The neighborhood is gated and quiet, yet convenient to major highways, including MD-32, MD-198, I-97 and the Baltimore-Washington Parkway. BWI Airport is about 8 miles north of the community. Shopping and schools are reasonably close by.
Cedar Ridge at Piney Orchard was constructed in 2004 and consists of four story brick and vinyl siding garden apartment buildings with garages. Each building has a secure entry lobby, elevator and well-appointed hallways. Monthly condominium fee is $358, which includes common area maintenance, exterior insurance, replacement reserves, use of the community pool and clubhouse. Cedar Ridge is classified as an age 55+ community. Condominium Resale Documents. Community Association Documents.
The apartment is located on the second floor, a few steps from the elevator. The unit comprises 1,500 square feet of living area, according to public tax records. Interior finishes are drywall, carpeting over concrete floors (carpeting to be removed prior to auction), vinyl floors in the kitchen and bathrooms. Unit 201 contains:
Mechanical – electric heat pump forced air heat and central air conditioning; gas water heater.
Garage – assigned garage is opposite building.
The unit needs cosmetic repairs, including painting and new floor coverings, and will be cleaned out prior to the day of sale.
The property is sold free and clear of liens. Anne Arundel County Deed Book 23311, Page 484.
Published annual real estate taxes are $2,488, based on a full value assessment of $217,500. 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 $10,000 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, condominium fees, 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, and subject to the Declaration and Bylaws of the Cedar Ridge Condominium and Homeowners Associations. Purchaser assumes the risk of loss from the date of contract forward. 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
Louis J. Weinkam, Jr., Guardian of the Property of Thelma Younger