"Owings Mills - New Town"

J. Michael Holloway, Attorney
HOLLOWAY & SULLIVAN, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

Live On-Site & Online Simulcast Bidding
$130,000 Opening Bid

“Silverbrook Woods”
Condominium

2 BEDROOM APARTMENT
CONDOMINIUM UNIT

Known As
5027 TRIPLETT ROAD
Baltimore County, MD 21117

Online Bidding Opens
MONDAY, SEPTEMBER 12, 2022

Live Onsite Auction
THURSDAY, SEPTEMBER 15, 2022
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Maria Kiser, Case No. C-03-FM-19-003975, the undersigned Guardian of the Property will sell at public auction, the above-captioned property 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.

LOCATION:
5027 Triplett Road is a second floor condominium unit, located in the New Town area of Owings Mills, in western Baltimore County. New Town Village shopping center is within walking distance. I-795, Metro Center, Mill Station, restaurants and community services are close by. Nearby public schools are New Town Elementary, Deer Park Middle and New Town High, according to the Baltimore County government web site. Silverbrook Woods Condominium is a mixture of well-kept mid-rise apartment buildings and townhomes, built in the mid-1990s.

CONDOMINIUM:
Monthly condominium fee is $280, which includes common area maintenance, exterior building maintenance, lawn maintenance, management, snow removal and water. Amenities include community center, exercise room, fitness center, outdoor pool and playground. The condominium building is brick and siding, with composition shingle roof, double-hung windows and secure entry hall.

Condominium Resale Package

UNIT 5027:
Second floor apartment unit, comprises 960 square feet and contains open plan living room/dining room and kitchen.

• Living Room – carpeting, gas fireplace, ceiling fan, sliding doors to large balcony
• Dining Room – carpeting
• Kitchen – vinyl floor, wood cabinets, laminate counters, breakfast bar, refrigerator, gas range/oven, dishwasher
• Primary Bedroom – carpeting, door to bathroom
• Second Bedroom – carpeting, door to living room
• Full Bathroom – vinyl floor, laundry closet with washer and dryer

Electric forced air heat and central air conditioning.

TITLE:
The unit is sold free and clear of liens. Baltimore County Deed Book 26827, Page 134. Known as Unit 5027, Phase 8, Silverbrook Woods Condominium.

TAXES:
Published annual real estate taxes are $2,307, based on a full value assessment of $121,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – a $15,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office.

Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, is 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, 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, as well as the Declaration, Bylaws, Rules and Regulations of the Silverbrook Woods Condominium Regime. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive any right of rescission under Maryland Condominium Law, having received and reviewed the Condominium Resale Package prior to the auction. 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