"Sparrows Point"

J. Michael Holloway, Attorney
HOLLOWAY & SULLIVAN, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

Guardian’s Sale

$200,000 Suggested Opening Bid

1.75± ACRE
WATERFRONT PARCEL
2 Houses ◆ 132′ on Jones Creek

Sale On Premises
2400 S. SNYDER AVENUE
Off Sparrows Point Road
Edgemere, Baltimore County, MD 21219

THURSDAY, MAY 5, 2022
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Phyllis Schroeder, Case No. C-03-FM-19-005961, the undersigned will sell at public auction the property as noted 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.

LOCATION:
2400 S. Snyder Avenue is located along the north shore of Jones Creek (a/k/a Haddaway Creek), in the Sparrows Point/Edgemere area of southeast Baltimore County. The site is convenient to the Baltimore Beltway (I-695) and major employers, yet presents a secluded and tranquil waterfront setting. North Point State Park is nearby and waterfront activities abound. Shopping, restaurants and retail services are within walking distance. Nearby public schools are Edgemere Elementary, Sparrows Point Middle and Sparrows Point High, according to the Baltimore County government web site. The neighborhood is a mixture of older and recently constructed homes.

SITE:
Level lot fronts approximately 132′ along Jones Creek, 130′ on the street, by depths of 536.4′ and 610.5′, comprising 1.75. acres of land

Boundary Sketch

Zoning DR 5.5, which allows up to 5.5 dwelling units per acre

Public water and sewer are available

Sandy beach

Pilings and some decking from a former pier are in place

Water depth in Jones Creek appears to be 5′-6′ MLW.

Asphalt driveway and parking for more than twenty vehicles

IMPROVEMENTS:
The property is improved by two homes in deteriorated condition:

Home #1 – circa 1914 (according to tax records) – two story aluminum sided cottage with an enclosed front porch, believed to contain a living room, dining room, kitchen, 3 bedrooms and bath.

Home #2 – brick and vinyl siding bungalow with open floor plan of living/dining/kitchen with cathedral ceiling and sliding doors to large waterfront deck, 3 bedrooms, laundry and bath.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book SM 11360, Page 359.

TAXES:
Published annual real estate taxes are $3,054, based on a full value assessment of $365,067. 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 – dat.maryland.gov

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. 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. 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.

No buyer’s premium.

Terry K. Sullivan, Guardian of the property of Phyllis Schroeder