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REAL ESTATE AUCTION
– On 0.17± Acre –
Sale On Premises
714 MILFORD MILL RD.
Near Sudbrook Road Baltimore, MD 21208
THURSDAY, MAY 31, 2018
AT 2:00 P.M.
– SUGGESTED OPENING BID: $75,000 –
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.
The property is located in the Williamsburg neighborhood of Pikesville, in western Baltimore County. Williamsburg is situated between the Willow Glen, Silver Creek and Fallstaff neighborhoods just inside the Beltway. The neighborhood consists of primarily well-kept single family homes, built in the early 1940’s, with large yards, mature trees, and a variety of architecture. Nearby access to the 695 Beltway at exits 18 and 20, both Liberty Road and Reisterstown Road. The Milford Mill Metro station is less than one mile away. This location provides an easy commute into downtown Baltimore, and the conveniences of local shopping and restaurants of the Baltimore suburbs. According to the Baltimore County government website, nearby public schools are Bedford Elementary, Pikesville Middle and Milford Mill Academy.
Rectangular Lot: 80′ x 150′ according to deed of record; and 0.17 acre according to public tax records.
All public utilities
Zoned DR 5.5 Residential
Tax ID: 04030313085400
Stone Rambler, constructed in 1949 and containing 850 square feet of living area according to public tax records. The property has a front yard on Milford Mill Rd. and fenced-in rear yard with covered back porch and patio.
Composition shingle roof
Aluminum down spouts and rain gutters
Gas Forced Air Heat
Central Air Conditioning
Gas Fired Water Heater
150 AMP Electrical Service
Current annual real estate taxes are $1,822.64 based on a full value assessment of $126,333 according to public tax records. 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:
The property is in fee simple and 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. 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.