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Terry K. Sullivan, Attorney
Holloway & Sullivan, LLC
One North Charles Street – Suite 2525
Baltimore, MD 21201
– 1,379± Square Feet –
Sale On Premises
3800 MEGHAN DRIVE
Near Cottington Road
Nottingham, Baltimore County, MD 21236
THURSDAY, MARCH 30, 2017
AT 11:00 A.M.
– SUGGESTED OPENING BID: $50,000 –
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.
3800 Meghan Drive is located in the Silver Ridge Condominium in the Perry Hall area of northeast Baltimore County. The Silver Ridge Condominium is situated off Cottington Road, near the intersections of Belair Road and Ebenezer Road. Festival at Perry Hall Shopping Center and Perry Hall Square, each featuring restaurants, retail businesses and entertainment, are within walking distance. White Marsh Mall and the surrounding commercial district are a short distance to the south. I-95 is about 2 miles to the southeast. According to bcps.org, nearby schools are Perry Hall Elementary, Middle and High.
The Silver Ridge Condominium is comprised of 13 garden apartment condominium buildings. 3800 Meghan Drive is a 4 level brick building containing 20 residential condominium units. The building features a common entrance with intercom and security door, concrete entrance ramp, landscaped grounds and surface parking. Condominium fee is $231.05/month, and includes common area maintenance, exterior building maintenance, master insurance policy, snow removal and water. Condominium documents.
Third floor condominium unit with balcony – the unit contains 1,379 square feet of living area, according to public tax records. The unit is believed to contain an open living room-dining room combination, kitchen, master bedroom with walk-in closet and en-suite bath, 2 additional bedrooms, hall bath and utility closet.
Current annual real estate taxes are $2,470.36 based on a full value assessment of $180,433. 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:
In fee simple; and will be sold free and clear of liens
A $7,500 deposit, payable by certified check or 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, ground rent, condominium or HOA fees, if any, 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. Purchaser agrees to waive any right of rescission under Maryland Homeowners Association and/or Condominium Law, if applicable. 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 William Schelhaus