"Randallstown"

ONLINE REAL ESTATE AUCTION

RESIDENTIAL PARCEL
ON 1.7 +/- ACRES
-With Existing Farmhouse-

Known As:
3326 OFFUTT ROAD
Off Liberty Road
Randallstown, MD 21133

BIDDING OPEN:
FRIDAY, JULY 24, 2020

BIDDING CLOSE:
MONDAY, JULY 27, 2020 AT 12:00 P.M.

– Suggested Opening Bid: $85,000 –

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.

LOCATION:
The property is located in Randallstown in northwest Baltimore County. The area consists of a mix of new construction and older homes throughout the area. The spacious lot provides residents with ample privacy and space. Located off of Liberty Road, a main artery of Randallstown, the lot is within 3.5 miles of both I-695 and I-70. Within 1.5 miles are restaurants, a grocery store,  hospital, the Randallstown Community Center and more. Liberty Reservoir, a tributary of the Patapsco River, is within 5 miles of the property and is open for hiking, rowing, bird watching and fishing. According to the Baltimore County Public School locator, the area schools are Randallstown Elementary School, Windsor Mills Middle School and Randallstown High school.

For more information about the area, please visit:
Randallstown – www.niche.com
Baltimore County Government – www.baltimorecountymd.gov
School Boundaries – www.bcps.org
Liberty Reservoir – www.enjoybaltimorecounty.com

SITE:
3326 Offutt Road is a mostly clear lot with a gradual slope. The existing structure is set back about 30′ from the road. There is access from both the front and the back from a right of way, see deed.

Public water is believed to be on the property. Septic is believed to be required.

Boundary Survey

ZONING:
Zoned RC-5

Permitted Uses

IMPROVEMENTS:
Two story home, constructed in 1901, according to public tax records the home contains 1,540 square feet of living area and 714 square feet of basement space.

Home needs full renovation.

TITLE:
In fee simple; sold free and clear of liens. Baltimore County Deed Liber JLE 38190, folio 463.

TAXES:
Published annual real estate taxes are $2,527.19, based on a full value assessment of $163,600. Purchasers ay 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.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Monday, July 27, 2020 at 12:00 P.M. (the bid closing).  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.

No buyer’s premium.