"Silver Spring - Paint Branch Estates"

Helen M. Smith, Esquire
Fedder and Garten, PA
10096 Red Run Boulevard, Suite 200
Owings Mills, MD 21117

ESTATE SALE

SPLIT-LEVEL HOME
– On 0.23± Acre –

Sale on Premises
1413 MORNINGSIDE DRIVE
Off Tamarack Road
Silver Spring, Montgomery County, MD 20904

THURSDAY, JULY 18, 2019
AT 2:00 P.M.

– Suggested Opening Bid: $225,000 –

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.

LOCATION:
1413 Morningside Drive is located in Paint Branch Estates in the Silver Spring area of Montgomery County. The Pilgrim Hill Local Park, Valley Mill Special Park and Paint Branch Trail are a short distance west. Nearby E. Randolph Road provides excellent access to shopping, dining, public transportation and Columbia Pike (US-29). New Hampshire Avenue and the Intercounty Connector (MD-200) are approximately 1.5 and 3 miles away, respectively. Surrounding homes are comprised primarily of single family traditional homes. According to the Montgomery County Public Schools Assignment Tool, nearby schools are William T. Page Elementary, Briggs Chaney Middle and the Northeast High School Consortium (choice process for Blake, Paint Branch or Springbrook High Schools).

For more information about the area, please visit:
http://www.montgomerycountymd.gov/ 
http://www.montgomeryschoolsmd.org/ 

SITE:
Lot size: 10,250 square feet, or 0.235 acre, more or less, according to public tax records

Known as lot 33, block 1 on “Plat 5, Paint Branch Estates” recorded in Plat Book 75, Plat No. 7424

Concrete driveway

Fenced rear yard

All public utilities

IMPROVEMENTS:
Brick and siding split-level home with carport – constructed in 1965, containing 1,480 square feet of living area and 680 square feet of partially finished basement space.

INTERIOR:

Main level:

• Living room – carpet
• Dining room – carpet
• Eat-in kitchen – laminate

Upper level:

• Bedroom – hardwood
• Bedroom – hardwood
• Bedroom – hardwood
• Bedroom – hardwood
• Bathroom – tile

Lower level:

• Den – laminate
• Half bathroom – laminate
• Laundry area – unfinished

EXTERIOR:

• Brick and siding exterior
• Vinyl replacement windows
• Asphalt shingle roof
• Cement driveway with covered parking area
• Rear cement patio

TAXES:
Published annual real estate taxes are $4,249.49, based on a full value assessment of $349,700.

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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx 

TITLE:
The parcel is in fee simple; sold free and clear of liens.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $25,000 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. 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. It shall be the responsibility of the purchaser to obtain physical possession of the property. Purchaser waives 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.

Note: An appeal relating to the former occupant’s possession of the property is pending before the court. The appeal will not impact the ability of the Estate to transfer good and marketable title, but may necessitate another eviction pending the determination of the court. An announcement regarding the status of the appeal will be made at the time of the auction.

No Buyer’s Premium!

Sale by order of the Estate of Christine H. Bradford
Helen Smith, Esq., Personal Representative