"Pikesville - Silver Creek"

 ESTATE AUCTION 

$75,000 Suggested Opening Bid

“Silver Creek”

4 Bedroom
CAPE COD HOME
– Renovation Needed –

Sale On Premises
713 LEAFYDALE TERRACE
Off Milford Mill Road
Baltimore County, MD 21208

WEDNESDAY, MAY 16, 2018
AT 2:00 P.M.

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:
713 Leafydale Terrace is located in the Pikesville area of western Baltimore County, one block north of Milford Mill Road, east of Scotts Hill Drive and west of Sudbrook Park. The neighborhood consists of well-kept single family homes built in the 1950s. Beltway (I-695) access is nearby at Exits 18 and 20. The Milford Mill subway station is less than one mile away. Public bus transportation is on Milford Mill Road. Community shopping is within one mile. According to the Baltimore County government web site, nearby public schools are Bedford Elementary, Pikesville Middle and Milford Mill Academy.

SITE:
Rectangular, landscaped lot 55′ x 118′
Zoning DR 5.5, residential
All public utilities

IMPROVEMENTS:
One and one-half story brick and siding Cape Cod-style home, built in 1952, containing 1,200 square feet of living area and 800 square feet of basement space, according to public tax records. The home has wood, double-hung windows, a composition shingle roof and concrete block basement foundation. Interior finishes are plaster walls, sub-floor on the first level and carpeting over vinyl tile on the second floor.

First Floor

• Foyer
• Living Room
• Dining Room
• Kitchen – vinyl floor, electric range/oven, refrigerator, dishwasher
• Laundry Closet – stacking washer/dryer
• Bedroom #1
• Bedroom #2
• Bathroom – ceramic tile floor, fiberglass shower stall

Second Floor

• Bedroom #3
• Bedroom #4

Basement

• Unfinished space – vinyl floor
• Gas fireplace

Mechanical
Electric heat pump (new 2018)
Central air conditioning
200 amp. electrical service
Gas, hot water boiler

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 11956, Page 673.

TAXES:
Published annual real estate taxes are $2,266 based on a full value assessment of $162,700. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $5,000 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, 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 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.

Estate of Thomas H. Ritter, III