Absolute Above $35,000 - "Reisterstown"

Near Liberty Reservoir - One Story Bungalow on 0.39± Acre Lot
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Listing Details

Sold Price
$35,000
Auction Date
Auction Time
2:00 PM
Address
6050 Glen Falls Road, Reisterstown, MD, 21136
County
Baltimore County
Neighborhood
Reisterstown, Near Liberty Reservoir
The property is available to inspect. Please click the above link and return the signed Waiver, Indemnity and Premises Use Certification form to the office of the Auctioneer.
Additional Documents
Survey
Well Yield Test Results
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To The Highest Bidder Above $35,000

REISTERSTOWN

Near Liberty Reservoir


2 Bedroom ◆ 1 Bath
ONE STORY BUNGALOW
On 0.39± Acre Lot

- Renovation Needed -

Sale On Premises
6050 GLEN FALLS ROAD
Between MD-30 and MD-140
Baltimore County, MD 21136

TUESDAY, JUNE 10, 2014
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:

6050 Glen Falls Road is located east of Westminster Pike (MD-140) and west of Hanover Pike (MD-30) in the Reisterstown area of northwestern Baltimore County.  The site is about one mile east of Liberty Reservoir.  The surrounding community is generally rural, populated by farmhouses and newer custom homes.

According to the Baltimore County government web site, nearby public schools are Franklin Elementary, Franklin Middle and Franklin High.


SITE:

Rectangular lot - 0.39 acres
Zoning R-8, residential
Private well and septic are on site.  An additional well may be required.


IMPROVEMENTS:

One story aluminum siding and shingle bungalow - according to public tax records, the home was built in 1951 and contains 552 square feet with a frame garage containing 640 square feet.  The home comprises a living room, kitchen, enclosed porch, 2 bedrooms and bath; oil heat.  Renovation is needed or the property may repurposed for a new home.


TITLE:
The property is in fee simple and sold free and clear of liens.


TAXES:
Published taxes for 2013-2014 are $1,401, based on a full value tax assessment of $111,500.  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://www.dat.state.md.us/sdatweb/appeal.html


TERMS OF SALE:
A $3,500 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 sale 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 sale 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 sale forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law and agrees to waive the well yield and quality requirements under the Baltimore County code.   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.