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Holloway & Sullivan, LLC
One North Charles Street – Suite 2525
Baltimore, MD 21201
– $75,000 Suggested Opening Bid –
TWO STORY HOME
– Renovation Needed –
Sale On Premises
2501 E. JOPPA ROAD
Corner Lakewood Road
Baltimore County, MD 21234
NEW AUCTION DATE:
WEDNESDAY, AUGUST 22, 2018
AT 11:00 A.M.
Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Ruth Lankford for the Appointment of a Guardian of the Property, Case No. 03-T-16-000178, the undersigned Guardian will sell at public auction, on the premises, the following:
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.
2501 E. Joppa Road is located in the Parkville area of central Baltimore County, east of Perring Parkway and west of Harford Road. The home is situated at the southeast corner of Joppa and Lakewood Roads. Surrounding properties are a of mixture of residential and residential-office land uses. According to the Baltimore County government web site, nearby public schools are Harford Hills Elementary, Pine Grove Middle and Parkville High.
According to the subdivision plat, the lot is a quadrangle, fronting approximately 68′ along the south side of E. Joppa Road and 103′ along the east side of Lakewood Road, comprising approximately 0.18 acre of land.
Zoning DR 5.5, residential
All public utilities
Two-car asphalt driveway
Two Story Single Family Home, built in 1948, containing 1,426 square feet of living area and 552 square feet of basement space, according to public tax records. The home has aluminum siding, a composition shingle roof, open entry porch and enclosed porch with wheelchair ramp. The house contains a living room, dining room, kitchen, bedroom and bath, on the first floor, 3 bedrooms and bath, on the second floor, attic, basement, wood floors. A complete renovation is needed.
BEING KNOWN AND DESIGNATED as Lot No. 21, as shown on a Plat of Lots 13 to 22, inclusive, Joppa Springs, which plat is recorded among the Land Records of Baltimore County in Plat Book R.J.S. No. 13, folio 151. SAVING AND EXCEPTING THEREFROM that property described in an Inquisition recorded in Liber S.M. No. 7958, folio 577, in a case entitled, “Baltimore County, Maryland v. George W. Lankford, Jr. And Ruth N. Lankford,” filed in the Circuit Court for Baltimore County, as Case No. 88CG-1073.
The property is in fee simple and sold free and clear of liens.
Published annual real estate taxes are $3,779, based on a full value assessment of $172,067. 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:
A $7,500 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. 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 Ruth Lankford