"Towson - Loch Raven Manor"

Featuring Live & Online Simulcast Bidding
– $125,000 Opening Bid –

TWO STORY TOWNHOME
3 Bedrooms & Bath ✦ Off-Street Parking ✦ Needs Renovation

Known As
1424 PUTTY HILL AVENUE
Towson, Baltimore County, MD 21286

Online Bidding Opens
FRIDAY, DECEMBER 24, 2021

Live Onsite Auction
WEDNESDAY, DECEMBER 29, 2021
AT 11:00 A.M.

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:
1424 Putty Hill Avenue is located in the Loch Raven Manor neighborhood in east Towson. The neighborhood runs between E. Joppa Road and Goucher Boulevard, between LaSalle Road and Pleasant Plains Road, and contains approximately 600 homes. The homes are predominantly brick townhomes constructed in the late 1950s and early 1960s, many of which have been updated and expanded in latter years.

The location is exceedingly convenient. There are a number of major employers in close proximity, including Stanley Black & Decker, GBMC, Baltimore County Schools and Towson University. Shopping, dining and entertainment are also close-by, along Putty Hill Avenue, Goucher Boulevard, E. Joppa Road and within the heart of Towson.

A variety of schools, both public and private, are in the immediate area. According to the Baltimore County Public Schools website, nearby schools include Pleasant Plains Elementary, Loch Raven Technical Academy (Middle) and Loch Raven High. Calvert Hall College is caddy-corner along Putty Hill Avenue.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Baltimore County Public Schools – www.bcps.org

SITE:
Lot size – 2,300 square feet, more or less, according to public tax records

Plat

Known as lot 53, block E, on Plat of Section 2A, Loch Raven Manor, recorded at Baltimore County Plat Book GLB 23, page 139.

20′ front and rear, with depths of 115′

Front and fenced rear yard. Off-street parking for 1-2 vehicles, accessible by rear 20′ alley.

All public utilities

Zoned DR 10.5 Residential

IMPROVEMENTS:
Two story inside-group brick townhome – constructed in 1958, containing 1,280 square feet of living area above grade and 640 square feet of basement space. The home features all brick exterior, vinyl-clad replacement windows, original wood floors, updated forced air heat, updated CAC and updated panel box.

Exterior:
All brick exterior
Vinyl-clad replacement windows
Asphalt architectural shingle roof
Aluminum down spouts and rain gutters

Interior:

First floor –

• Entry vestibule – wood floor
• Living room – wood floor
• Dining room – wood floor
• Kitchen – mostly original, vinyl tile floor

Second floor –

• Bedroom – wood floor
• Bedroom – wood floor
• Bedroom – wood floor
• Original ceramic tile bath

Basement/Mechanical –

• Unfinished
• Gas forced air heat
• CAC
• Gas fired water heater
• Updated 100 amp electrical panel (installed 2019)

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,786.10, based on a full value assessment of $191,067.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – 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.

Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction, 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, ground rent and 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 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. 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. A 5% buyer’s premium will be added to the final bid price.