"White Hall"

Douglas C. Lauenstein, P.A.
8900 Belair Road, Nottingham, MD 21236

ESTATE AUCTION
$75,000 Suggested Opening Bid

10.17± ACRE
RESIDENTIAL LOT
With Well & Mobile Home

Sale On Premises
2421 HARKINS ROAD
Off Norrisville Road (MD-23)
Harford County, MD 21161

THURSDAY, MAY 11, 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.

LOCATION:
2421 Harkins Road is located in northwestern Harford County, about 1.5 miles south of the Maryland-Pennsylvania line. The surrounding area is rural in character. Homes are generally situated on large lots. According to the Harford County Public Schools web site, nearby public schools are Norrisville Elementary, North Harford Middle and North Harford High.

SITE:
10.17 gently rolling acres, fronting 623.04′ along the south side of Harkins Road (MD-136) by a depth of 1,065.84′. Approximately one-half of the site is clear land and the balance is wooded by mature trees. A stream bounds the eastern portion of the site. A gravel driveway leads from Harkins Road to the home site.

Existing well and septic

Zoning AG, agricultural

IMPROVEMENTS:
The property is currently improved by a circa 1981 mobile home, containing 1,068 square feet of living area, according to public tax records. The mobile home is only in fair condition and comprises a living/dining/kitchen combination with carpeting, wood stove, electric range/oven, laundry with washer and dryer, master bedroom with en-suite bath, 2 additional bedrooms and hall bath; electric forced air heat.

Concrete block garage building

Wooden shed

The property is most suitable for construction of a new home.

LEGAL DESCRIPTION:
The property is in fee simple and sold free and clear of liens. Harford County Deed Liber 1429, Folio 85, known as Lot 4, Final Plat Division of the Land of William A. Channell, recorded among the Plat Records of Harford County in Plat Book 29, Page 71. Also known as Lot 4, Parcel 209, on Grid 1E of Harford County Tax Map 8.

TAXES:
Published annual real estate taxes are $2,295.70, based on a full value assessment of $195,500. 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 $7,500 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, 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. 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. Time is of the essence.

No buyer’s premium.

Auction by order of:
Douglas C. Lauenstein, Personal Representative
of the Estate of Harry W. Nicholson