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Andrew G. Bailey, Solicitor
409 Washington Avenue – Suite 300
Towson, MD 21204
$125,000 Suggested Opening Bid
4 Bedrooms ◆ 2 Baths
Sale On Premises
1620 CHESACO AVENUE
Off Weyburn Road
Baltimore County, MD 21237
THURSDAY, APRIL 6, 2017
AT 11:00 A.M.
Pursuant to an Order of the Circuit Court for Baltimore County passed in the matter of Chima v. Chima, Case No. 03C09008259, the undersigned Trustee will sell at public auction, on the premises, the following.
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.
1620 Chesaco Avenue is located in eastern Baltimore County, north of Philadelphia Road (MD-7), south of I-95, east of Hamilton Avenue and west of Kenwood Avenue. The surrounding neighborhood is predominantly comprised of well maintained, single family detached homes built in the 1960s. According to the BCPS web site, nearby public schools are Red House Run Elementary, Golden Ring Middle and Overlea High. Shopping and public transportation are within the community. Due to its close proximity to the Baltimore Beltway (I-695) and I-95, the neighborhood is convenient to employment centers throughout the metropolitan area.
Lot fronts 70′ along the west side of Chesaco Avenue, with depths of 94.71′ and 106.63′ and a rear lot line of 55.9′, comprising 0.14 acre, more or less
Zoning DR 5.5, residential
All public utilities are in the property
All brick split-foyer home, constructed in 1964 and containing approximately 1,636 square feet of gross living area.
Composition shingle roof, aluminum rain gutters
Vinyl-clad double-hung windows
Concrete block foundation
Rear sun room addition
Rear masonry storage building
Gas hot water baseboard heat
Central air conditioning
Gas, 50-gallon water heater
The home is very clean. Fixtures appear original and could be updated.
The property is in fee simple and sold free and clear of liens. The property is known as Lot No. 2, Section 6, Camelot, recorded among the Plat Records of Baltimore County in Liber W.J.R. 28, Folio 22. Baltimore County Deed Liber 26828, Folio 350.
Published annual real estate taxes are $2,886.85, based on a full value assessment of $178,500. 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:
A $10,000 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 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 8% per annum, from date of contract to date of settlement. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of contract. Taxes and all other public charges and assessments payable on a monthly or annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. The purchaser waives and releases the Trustee, 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 Trustee 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 Trustee or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.
No Buyer’s Premium
Andrew G. Bailey, Trustee