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Karen Allen Nicolaus, Attorney
1002 Frederick Road, Catonsville, MD 21228
$150,000 Opening Bid
3 BEDROOM RANCHER
532 PRINCE CHARLES AVENUE
Anne Arundel County, MD 21113
Online Bidding Opens
MONDAY, SEPTEMBER 5, 2022
Online Bidding Closes
WEDNESDAY, SEPTEMBER 7, 2022
AT 1:00 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.
This well located property is occupied by squatters. The Guardian/Seller does not have access. The property is sold “as is” and the buyer will be responsible for obtaining possession.
532 Prince Charles Avenue is located in central Anne Arundel County, about 7 miles south of BWI Airport. Kings Heights, the surrounding neighborhood, is predominantly comprised of single family homes built in the 1950s. Nearby public schools are Odenton Elementary, Arundel Middle and Arundel High, according to the Anne Arundel County Public Schools web site. Local shopping is nearby. Kings Heights is convenient to MD-32, providing easy access to employment centers in Baltimore, Washington, Columbia, Annapolis and nearby NSA and Fort Meade.
Rectangular lot – 75′ x 150′, comprising 0.258 acre. Plat
Zoning R5, residential
Four-car concrete driveway leading to two-car carport
Brick and aluminum siding rancher, built in 1955, containing 960 square feet of living area, according to public tax records. The home has an architectural shingle roof, double-glazed sliding windows and an attached carport with shed.
The house is believed, but not warranted, to contain a living room, dining room, kitchen, 3 bedrooms, bath, gas heat and central air conditioning.
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book RPD 18253, Page 441.
Published annual real estate taxes are $2,864, based on a full value assessment of $253,400.
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: Assessment Appeal Process – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 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, 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property 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.
Karen Allen Nicolaus, Guardian of the Property of Jacqueline G. Gambrill