Holloway & Sullivan, LLC
7 St. Paul Street
Baltimore, MD 21202
To the Highest Bidder Above $50,000
TWO STORY COTTAGE
– Needs Renovation –
Live Onsite Auction
21 MADELINE AVENUE
Off 7000 Belair Road (US-1)
Baltimore County, MD 21206
WEDNESDAY, OCTOBER 20, 2021
AT 2:00 P.M.
Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Constance Loveless, Case No. C-03-FM-21-002159, the undersigned Guardian will sell the above-captioned property to the highest bidder on the premises as noted.
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.
21 Madeline Avenue is located in the Overlea Park – Fullerton area of northeastern Baltimore County, east of the 7000 block of Belair Road (US-1) and approximately one mile south of Baltimore Beltway (I-695) Exit 32. The surrounding neighborhood consists of a variety of well maintained, detached homes, built during the last century. Nearby public schools are Fullerton Elementary, Parkville Middle and Overlea High, according to the Baltimore County government web site. Public transportation and shopping are two blocks west of the home along Belair Road.
Rectangular lot 50′ x 145′, corner Linden Avenue. Plat
Zoning DR 5.5, residential
Stockade fenced rear yard
Two-car concrete parking pad in rear
Two Story Covered Porchfront Cottage, built in 1913, containing 2,155 square feet of living area and 912 square feet of basement space, according to public tax records.
Exterior – aluminum siding, composition shingle roof, aluminum rainspouts, vinyl-clad double-hung windows, basement foundation
Interior – wood floors, plaster walls, some architectural details and stained glass
Mechanical – gas hot water heat (radiators), 150 ampere electrical service, 40 gallon gas water heater
The home needs renovation and updating.
The property is in fee simple and sold free and clear of liens. Deed Liber SM 12123, folio 190. Being known as Lots 47 and 48, Overlea Park, Plat Book WPC 4, Folio 30.
Published annual real estate taxes are $2,746, based on a full value assessment of $188,800.
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.
SUMMARY TERMS OF SALE:
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, 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!
Terry K. Sullivan, Guardian of the Property of Constance Loveless