"Reisterstown - Suburbia"

“Suburbia”

RANCH HOME
– On 0.18± Acre Corner Lot –

Known As
300 WEMBLEY ROAD
Corner Academy Avenue
Reisterstown, Baltimore County, MD 21136

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:
300 Wembley Road is located in the Suburbia subdivision in the Reisterstown area of northwestern Baltimore County. Suburbia is a large, well-established neighborhood, originally developed in the late 1950’s. Most homes in the neighborhood were constructed in the 1960’s and 1970’s, with a few others built through the early 1990’s. Architecture is a mix of traditional ranch homes, split level and split foyers, and some two story colonials.

The location is convenient to both necessities and major commuter routes. Shopping, dining and neighborhood services are all located along nearby Reisterstown Road. The Northwest Expressway (I-795) is approximately 1.5 miles west, providing convenient access to points north and south, including Owings Mills, Metro Centre, and the Baltimore Beltway (I-695). According to the Baltimore County Public Schools website, nearby schools are Timber Grove Elementary, Franklin Middle and Franklin High.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Baltimore County Public Schools – www.bcps.org

SITE:
Lot size – 7,812 square feet, or 0.179 acre, more or less, according to public tax records.

Plat – Known as Lot 12, Block F, on Plat titled Section 4, Plat 1, Sheet 2, Suburbia, recorded at Baltimore County Plat Book RRG 29, page 134.

The lot is irregularly shaped, with roughly 70′ of frontage on each of Wembley Road and Academy Avenue. The lot slopes gently from the home down to the street, mostly on the Academy Avenue side.

Concrete driveway and parking area (1-2 vehicles). Fenced rear yard.

All public utilities

Zoned DR 5.5 Residential

IMPROVEMENTS:
Ranch home – constructed in 1965 and containing 1,220 square feet of living area, according to public tax records. The home is arranged for a living room, dining area, kitchen, three bedrooms, one bath and utility area.

TITLE:
In Fee Simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $4,270.67, including $2,096.25 for a sewer service expense, based on a full value assessment of $155,200. Base County and State tax is $1,881.02 for the current tax year.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. 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, ground rent and 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 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. 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. Property being sold pursuant to partnership disillusion, with individual partners retaining the right to bid on their own behalf. A 5% buyer’s premium will be added to the final bid price.