"Pikesville - Sudbrook Park"

Jan H. K. Cardin, Attorney
Law Offices of Adam J. Roa
600 Washington Avenue – Suite 202, Towson, MD 21204

Featuring Live & Online Simulcast Bidding
$100,000 Opening Bid

“Sudbrook Park”

Brick & Siding
CAPE COD HOME
4 Bedrooms ◆2.5 Baths
On 0.60± Acre Lot

Known As
221 SUDBROOK LANE
Baltimore County, MD 21208

Online Bidding Opens
MONDAY, JANUARY 31, 2022

Live Onsite Auction
THURSDAY, FEBRUARY 3, 2022
AT 11:00 A.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:
221 Sudbrook Lane is located in the Pikesville area of western Baltimore County, west of Reisterstown Road (MD-140) in the scenic Sudbrook Park community. The neighborhood is convenient to shopping on Reisterstown Road, the Baltimore Beltway (I-695) and Metro Subway.

Nearby public schools are Milbrook Elementary, Pikesville Middle, Sudbrook Middle Magnet and Pikesville High, according to the Baltimore County government web site. Sudbrook Park is known for its winding tree-lined streets and varying architecture, which range from small ranchers and bungalows to large cottages.

For more information see:
Sudbrook Park – sudbrookpark.com

SITE:
Large L-shaped lot, fronting approximately 81′ along Sudbrook Lane, by a depth of 180′. The lot is level, has mature trees and an open meadow in the rear.

Zoning DR 5.5, residential

All public utilities

Asphalt driveway with parking for 10 or more cars

Storage shed

IMPROVEMENTS:
Brick and vinyl siding Cape Cod-style home, built in 1956, containing 1,620 square feet of living area and 1,080 square feet of basement space, according to public tax records. The home has a composition shingle roof, concrete block foundation and casement windows.

First floor contains a living room, dining room, kitchen, den, half-bath and primary bedroom with full en-suite bathroom. Second floor has 3 bedrooms and full bath. Unfinished basement has 4 rooms. Gas forced air heat and central air conditioning.

The home has original cabinets, fixtures and trim. Water damage has caused mold. Comprehensive rehabilitation is needed.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book SM 26646, Page 731.

TAX INFORMATION:
Published annual real estate taxes are $3,775, based on a full value assessment of $217,400.

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: Assessment Appeal Process – dat.maryland.gov

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

Live Auction Bidders – a $10,000 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.

Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, is due by 4:00 p.m. on the day of auction.

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, 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. A 5% buyer’s premium will be added to the final bid price.

Estate of Alan M. Kasinoff