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REAL ESTATE AUCTION
Two Story Porchfront
Sale on Premises:
1852 YAKONA ROAD
Baltimore County, MD 21234
THURSDAY, FEBRUARY 1, 2018
AT 11:00 A.M.
– Suggested Opening Bid: $70,000 –
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.
1852 Yakona Road is located in the Ridgeleigh Subdivision in the Parkville area of Baltimore County. The neighborhood is situated a short distance west of Perring Parkway, east of Loch Raven Boulevard and south of the Baltimore Beltway (I-695). The location offers close proximity to major commuter routes along the Beltway, with good access to both I-83 and I-95. The Perring Plaza Shopping Center is a short distance to the east. According to bcps.org, nearby schools are Oakleigh Elementary, Pine Grove Middle and Loch Raven High.
Lot size: 15′ x 94′, more or less
Off street parking potential
Zoning DR 10.5, Residential
All public utilities
Two story porchfront brick townhome – the home was constructed in 1952, contains 1,008 square feet of living area and 504 square feet of partially finished basement space, according to public tax records.
Basement (full, partially finished)
Published annual real estate taxes are $2,088, based on a full value tax assessment of $123,700. 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:
$96 annual ground rent (due in semi-annual installments on 4/1 & 10/1); and sold free and clear of all liens.
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. 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. All adjustments, including taxes, rent, ground rent, 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 settlement. 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!