"Thurmont"

REAL ESTATE AUCTION

4.84± ACRE PARCEL
WITH EXISTING HOME
Needing Full Renovation or Demolition

Sale On Premises
7204 BLUE MOUNTAIN ROAD
Near Brice Road
Frederick County, MD 21788

WEDNESDAY, NOVEMBER 15, 2017
AT 12:00 NOON

– Suggested Opening Bid: $20,000 –

      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:
7204 Blue Mountain Road is located in the Thurmont area in northern Frederick County. The property is a short distance east of US-15 (Catoctin Mountain Highway). The town of Thurmont is about 1.5 miles north, and Cunningham Falls is a short distance west. The area is well known for its proximity to Camp David, and the wide array of hiking, camping and other recreational activities nearby. Surrounding properties are comprised predominantly of single family home sites, farms and wooded tracts. According to frederickcountymd.gov, nearby schools are Thurmont Elementary, Thurmont Middle and Catoctin High.

For more information about the area, please visit:

https://www.frederickcountymd.gov/

http://www.thurmont.com/

http://dnr.maryland.gov/publiclands/pages/western/cunningham.aspx

https://www.nps.gov/cato/index.htm

SITE:
Lot size – 210,830 square feet, or 4.84 acres, more or less

The lot is mostly wooded with a gently rolling topography

The property is believed to have private well and septic, but no warranty is made with respect to the condition or operation thereof.

Zoned – A – Agricultural
Please see the Frederick County Zoning Administration website for more information
https://frederickcountymd.gov/104/Zoning-Administration

IMPROVEMENTS:
Ranch Home – constructed in 1935, containing 636 square feet of living area and 636 square feet of basement space, according to public tax records. The home needs full renovation.

Additional outbuildings.

TITLE:
In fee simple; and sold free and clear of liens. Deed Liber SKD 12063, folio 326.

TAXES:
Published annual real estate taxes are $1,540.35 based on a full value assessment of $118,800. 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

TERMS OF SALE:
A $3,500 deposit, payable by certified check or 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 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, ground rent, 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!