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Douglas C. Lauenstein, P.A.
8900 Belair Road, Nottingham, MD 21236
$40,000 Suggested Opening Bid
Sale On Premises
29 LONGERON DRIVE
Baltimore County, MD 21220
THURSDAY, APRIL 6, 2017
AT 2:00 P.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.
29 Longeron Drive is located in the Victory Villa neighborhood of Middle River in eastern Baltimore County. The property is located east of Compass Road and south of Martin Boulevard (MD-700). Neighborhood housing is a mixture of detached homes, originally built during World War II to house the workers at the nearby Glenn L. Martin aircraft plant, now Martin State Airport. According to the Baltimore County government web site, nearby public schools are Orems Elementary, Stemmers Run Middle and Kenwood High. Shopping, public transportation and community services are within walking distance. Access to the Baltimore Beltway (I-695) is about five minutes drive.
Neighborhood homes are both owner and tenant occupied. The demand for area housing is strong.
Level rectangular lot 50′ x 100′, comprising approximately 0.11 acre
Zoning DR 5.5, residential
One story frame bungalow, built in 1942 and containing 672 square feet of living area.
Asphalt shingle roof, aluminum rain spouts
Vinyl-clad double hung windows
Detached one-car garage
Fenced rear yard
Screened front porch
Oil forced air heat
100 amp. electrical service
Electric water heater
The home needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 37637, Page 136.
Published annual real estate taxes are $1,463.01, based on a full value assessment of $97,600. 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:
A $5,000 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. 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.
Auction by order of Gregory Jones, Guardian for Dorothy Louise Dillard