Holloway & Sullivan, LLC
One North Charles Street – Suite 2525
Baltimore, MD 21201
– $25,000 Suggested Opening Bid –
“Gardens at Owings Mills”
2 Bedrooms ◆ 1.5 Baths
Sale On Premises
12009 TARRAGON ROAD
Off Franklin Boulevard
Baltimore County, MD 21136
FRIDAY, MAY 4, 2018
AT 12:30 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.
Gardens at Owings Mills condominium is located in the Reisterstown area of northwestern Baltimore County, west of Reisterstown Road and north of Franklin Boulevard. The condominium community has easy access to I-795 and is within walking distance of shopping and public transportation on Reisterstown Road. Nearby public schools are Reisterstown Elementary, Franklin Middle and Franklin High, according to the Baltimore County government website.
Monthly condominium fee is $254.26. Condominium Resale Package.
Middle level unit, in a three-story, brick, garden apartment building, contains 871 square feet, according to public tax records and comprises:
The unit needs remodeling.
Published annual real estate taxes are $1,507, based on a full value assessment of $61,000. 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 unit will be sold free and clear of liens. Baltimore County Deed Book 39205, Page 95.
A $5,000 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 by 12:30 P.M., Monday, May 7 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, condominium fees, 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 Maryland Condominium Law, if applicable. 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.