"Reisterstown"

Lauren McComas, Attorney
NUSINOV SMITH, LLP
6225 Smith Avenue – Suite 200-B
Baltimore, MD 21209

GUARDIAN’S AUCTION
$50,000 Suggested Opening Bid

PRISTINE, 5.18± ACRE
WOODED HOMESITE

Sale On Premises
4035 OSBORN ROAD
Off Dover Road
Baltimore County, MD 21136

MONDAY, NOVEMBER 5, 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:
4035 Osborn Road is situated north of Worthington Valley, east of Boring, and west of Butler in northeastern Baltimore County. The property is located on the cul de sac of Osborn Road, west of Dover Road. The surrounding area is rural in character, known for rolling farmland, horses and hounds. According to the Baltimore County government web site, nearby public schools are Franklin Elementary, Franklin Middle and Franklin High. The property is private, yet convenient to Reisterstown, Hunt Valley, I-795 and I-83.

SITE:
Triangular lot, consisting of two adjacent parcels, comprises 5.18 acres, according to public tax records. The lot is rolling and mostly wooded. A gravel driveway leads from Osborn Road to the current homesite. A stream traverses the southern portion of the parcel. The property has mature trees, foliage and provides a beautiful, serene setting.

Private well and septic.  Well Inspection Report   Water Test Report

IMPROVEMENTS:
Two story vinyl sided farmhouse, built circa 1870, with one story addition constructed in 1964. According to public tax records, the home contains 1,360 square feet of living area and 384 square feet of unfinished basement space. The home has a composition shingle roof, wooden double hung windows, stone foundation and wood floors. First floor contains a living room, dining area, galley kitchen with gas range/oven, bedroom and bathroom with shower. Second floor has two bedrooms. Oil forced air heat, propane gas water heater.

Separate cabin with electricity.

Shed

Outhouse

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 40466, Page 365. Deed and Legal Description

TAXES:
Published annual real estate taxes are $1,979, based on a full value assessment of $158,300. 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

SUMMARY TERMS OF SALE:
Please see contract of sale for complete terms – A $7,500 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, 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 Baltimore County well yield requirements. Purchaser acknowledges that any personal property, including vehicle, remaining on the premises will not be removed by the Seller. 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.

Auction by order of
Linda Card, Guardian for Virginia Lee Amato