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REAL ESTATE AUCTION
On 0.32± Acre
Garage ✦ 3-4 Bedrooms ✦ 2.5 Baths
Sale on Premises:
315 CHERRY CHAPEL ROAD
Off Sacred Heart Lane
Baltimore County, MD 21136
TUESDAY, MARCH 28, 2017
AT 11:00 A.M.
– Suggested Opening Bid: $160,000 –
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.
315 Cherry Chapel Road is located in the Chartley North neighborhood in the Reisterstown area of northwest Baltimore County. Chartley North runs along Sacred Heart Lane north of Bond Avenue, a short distance west of Reisterstown’s historic Main Street district. The Main Street district features numerous restaurants, retail stores, neighborhood services, houses of worship and educational facilities. The Northwest Expressway (I-795) and Hanover Road (MD-30) are both less than two miles from the property. Surrounding homes are predominantly two story traditional detached homes constructed in the late 1960’s and early 1970’s. According to bcps.org, nearby schools are Glyndon Elementary, Franklin Middle and High.
Irregularly shaped lot at the end of a cul-de-sac – comprising 13,782 square feet, or 0.32 acre, more or less
The lot is mostly level, with mature trees and shrubs
Concrete driveway for 2-3 vehicles
All public utilities
Zoned DR-3.5 – Residential
Two story colonial home with one-car attached garage – the home was constructed in 1972, contains 2,080 square feet of living area and 980 square feet of partially finished basement space. The home features an updated kitchen, updated baths, replacement windows and is arranged as follows:
Brick and siding facade
Vinyl-clad replacement windows
Asphalt shingle roof
Aluminum down spouts and rain gutters
Updated Trane gas forced air heat
Gas 50 gallon water heater
200 amp. electrical service
Published annual real estate taxes are $2,936.08, based on a full value tax assessment of $205,333. 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 parcel is in fee simple and sold free and clear of liens
A $15,000 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. 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. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence.
No Buyer’s Premium!
Sale by Order of the Estate of Johnny Dark, by:
Alan Dark, Personal Representative