Absolute Over $49,000 - "Essex"

Bungalow on 0.19 Acre +/- with Off Street Parking
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Listing Details

Sold Price
$50,000
Auction Date
Auction Time
11:00 AM
Address
314 Margaret Avenue, Essex, MD, 21221
County
Baltimore County
Neighborhood
Essex
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 Over $49,000

ESSEX

BUNGALOW
0.19 Acre +/- ✦ Off-Street Parking

Sale On Premises
314 MARGARET AVENUE
Off 500 Block Eastern Boulevard
BALTIMORE COUNTY, MD 21221

TUESDAY, DECEMBER 9, 2014
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:
314 Margaret Avenue is located in the Essex area in eastern Baltimore County. The home is situated three blocks off Eastern Boulevard, providing access to I-695 and MD-702, each about two miles away. Ample retail and dining options are also along Eastern Boulevard within walking distance. Nearby homes are primarily traditional single family homes with yards and off-street parking. According to the Baltimore County Public Schools website (www.bcps.org), area schools are Sussex Elementary, Deep Creek Middle and Chesapeake High.

For more information about Baltimore County, please visit:
http://myneighborhood.baltimorecountymd.gov/

For more information about area schools, please visit:
http://www.bcps.org/

SITE:
The lot size is 50' x 168' or 0.19 acre, more or less

Asphalt and gravel driveway

Fenced front and rear yard

IMPROVEMENT DESCRIPTION:
Bungalow with covered front porch - according to public tax records, the home was constructed in 1927, contains 1,386 square feet on the first floor and attic and 936 square feet of basement space. The home is arranged as follows: living room (carpet), two bedrooms, dining room (carpet), breakfast room (laminate floor), galley kitchen (laminate floor) and walk-out to rear sun porch and yard, on the first floor; partially finished attic; unfinished basement; gas forced air heat. The home had some updates to plumbing and electric in 2005, but is in need of renovation.

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

TAXES:
Published annual real estate taxes are $1,902 based on a full value assessment of $114,100.

TERMS OF SALE:
A $5,000 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 sale to date of settlement.  All adjustments, including taxes, all other public charges and assessments payable on an 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. No express or implied warranty is made as to the size of the parcel, and no price adjustment will be made for acreage smaller or larger than what is conveyed by the seller's right, title and interest in the property.  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 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.

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