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This Auction has been CANCELED.
Sold Prior To The Auction.
– $750,000 Opening Bid –
Stone & Cedar
4 Bedrooms ◆ 2.5 Baths ◆ 4-Car Garages
Inground Pool With Cabana ◆ Tennis Court
Situated on 2.08± Acre Wooded Lot
2502 VELVET VALLEY WAY
Owings Mills, Baltimore County, MD 21117
– CANCELED –
Online Bidding Opens
THURSDAY, JULY 7, 2022
Online Bidding Closes
WEDNESDAY, JULY 13, 2022
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.
Velvet Valley is situated north of Greenspring Valley Road, west of Park Heights Avenue and east of Caves Road, in the Owings Mills area of northwestern Baltimore County. The neighborhood is comprised of large, custom-built homes on multi-acre lots. Though scenic and rural in character, Velvet Valley is less than three miles north of the Baltimore Beltway (I-695) and about three miles east of shopping, dining and services on Reisterstown Road (MD-140). Nearby public schools are Fort Garrison Elementary, Pikesville Middle and Pikesville High, according to the Baltimore County government website. In addition, at least five private schools are within five miles of the neighborhood.
2.08 acres, approximately 283′ x 360′, and reported to be the highest point in Velvet Valley. The wooded lot is extensively landscaped with quarry stone paths, natural plantings and a paver patio. An asphalt driveway leads to a two-car attached garage, an opposite two-car detached garage and guest parking.
Inground swimming pool and spa, stone decking, frame cabana with serving bar, sink, refrigerator, storage and rest room, newly constructed stone retaining wall and stairs
Fenced tennis court
Private well and septic
Custom-Built Stone & Cedar Ranch Home, built in 1980, comprising 3,838 square feet of living area, plus 1,476 square foot basement.
Exterior – covered stone entry with double doors, architectural shingle roof, Pella casement windows, Peachtree glass sliding doors, two-car attached garage, two-car detached garage with 200 square foot storage room
Mechanical – oil forced air heat, central air conditioning, oil water heater, sump pump, two 150-ampere electrical panels, water softener system
The home has been meticulously maintained and is owned by the original residents.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book OTG 5213, Page 471.
Published annual real estate taxes are $8,069, based on a full value assessment of $668,000.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 p.m. on the day of bid closing. 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. 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 settlement 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 rescission for well yield and quality testing as provided under the Baltimore County Code, having been provided with recent yield and quality test results. 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.
Pre-auction offers will be considered.