Featuring Live & Simulcast Online Bidding
– $250,000 Suggested Opening Bid –
“Worthington Hillside II”
Cedar and Stone
4 Bedrooms ◆ 2.5 Baths ◆ 2 Car Garage
Sale On Premises
4033 LOG TRAIL WAY
Baltimore County, MD 21136
Online Bidding Opens
FRIDAY, JANUARY 1, 2021
Live On-Site Auction Begins
WEDNESDAY, JANUARY 6, 2021
AT 11:00 A.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. The auction will be open for online bidding beginning on Friday, January 1, 2021. Once the simulcast begins, both online and in-person bidders will be able to place bids on the property. The simulcast will end approximately 15 minutes after the live auction begins, at which time online bidding will close. If you encounter a problem placing online bids, please refresh the page.
4033 Log Trail Way is located in the Worthington Hillside II community of Reisterstown in north western Baltimore County. Worthington Hillside is situated just south of Worthington Avenue and Sagamore Farms, and just east of Historic Glyndon. The neighborhood is rolling and wooded with custom homes on large lots. Convenient access to I-795 is five minutes west of the neighborhood, as is community shopping and services. Nearby public schools are Franklin Elementary, Middle and High, according to the Baltimore County Public Schools website.
Property sales in the immediate neighborhood range from $437,000 to $675,000 during the past twelve months, according to Bright MLS, providing an outstanding opportunity to purchase and renovate.
1.579 acres, situated on a private asphalt driveway. The lot is graded to allow for a basement level walkout. Mature landscaping.
Public water, private septic, gas, electricity, telephone, cable, internet
Zoning RC-5, residential
Fenced rear yard
Two story cedar and stone contemporary home, built in 1988, containing 3,306 square feet of gross living area, 1,772 square feet of basement space and 576 square foot garage, according to public tax records.
Exterior – composition shingle roof, aluminum casement windows, concrete block foundation, two-car attached garage, two-tier wood deck in rear
Basement – unfinished, walk-out to rear yard
Mechanical – 2-zone gas forced air heat with central air conditioning, two 200-amp. electrical panels, 80 gallon electric water heater.
The home needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book SM 20856, Page 79.
Published annual real estate taxes are $7,550, based on a full value assessment of $528,067. 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: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $25,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale, if purchased at the live on-site auction. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. If the property is purchased online, a 10% deposit shall be paid by wire or cashier’s check by 4:30 p.m. on the day 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, 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. 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 in collaboration with Keller Williams Integrity