Law Offices of Arthur L. Drager, LLC
One North Charles Street – Suite 1200
Baltimore, MD 21201
– $100,000 Opening Bid –
2 Bedrooms ◆ 2 Baths ◆ Balcony
Sale On Premises
14209 QUAIL CREEK WAY
Baltimore County, MD 21152
Live Onsite Auction
THURSDAY, JUNE 30, 2022
AT 11:00 A.M.
Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Carolyn Stefan, Case No. C-03-FM-21-006143, the undersigned Guardian will sell at public auction, the property as captioned above.
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.
Quail Creek Condominium is located in northern Baltimore County, approximately two miles north of Hunt Valley. The 174 unit garden apartment complex is situated off Loveton Farms Road, east of York Road (MD-45). The location appears rural, yet is convenient to Hunt Valley Town Center, MTA Light Rail and I-83. Nearby public schools are Sparks Elementary, Hereford Middle and Hereford High, according to the Baltimore County government web site.
Attractive, two story brick garden apartment building, features secure entry with intercom, vinyl-clad double hung windows, architectural shingle roof and large parking area.
$220.00 condominium association fee , includes common area maintenance, lawn maintenance, snow removal, trash removal and water. Condominium Resale Package
Second floor apartment unit, built in 1989, containing 1,163 square feet of living area, according to public tax records and containing:
Mechanical – electric heat pump and central air conditioning, electric water heater
The unit is sold as furnished. Contents will not be removed.
The unit is sold free and clear of liens. Baltimore County Deed Book SM 23009, Page 579.
Published annual real estate taxes are $3,308, based on a full value assessment of $187,000.
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: Assessment Appeal Process – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $15,000 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, 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any and subject to the Declaration, By-Laws, Rules and Regulations of the Quail Creek Condominium. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of rescission under the Maryland Condominium Act having reviewed the Condominium Resale Package prior to bidding. 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.
Arthur L. Drager, Guardian of the Property of Carolyn Stefan