"Potomac - Saddle Ridge"

Luxury Stone Contemporary Home with 6 Bedrooms, 5 Full/3 Half Baths, 3 Fireplaces, Custom Pool, 6-Car Garage on 2.36 +/- Acres
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Listing Details

Sold Price
$690,000
Auction Date
Auction Time
10:30 AM
Auction Note
Sale To Be Held: Front Entrance - Circuit Court For Montgomery Co., 50 Maryland Ave., Rockville, MD 20850
Address
11420 Spur Wheel Lane, Potomac, MD, 20854
County
Montgomery County
Neighborhood
Potomac, Saddle Ridge
Additional Documents
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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PROTAS, SPIVOK, & COLLINS, LLC
4330 East West Highway, Suite 900
Bethesda, Maryland 20814
(301) 469-3602

SUBSTITUTE TRUSTEES' SALE

POTOMAC

"Saddle Ridge"

Luxury, Stone
CONTEMPORARY  HOME
6 Bedrooms 5 Full/3 Half Baths3 Fireplaces

Custom Pool ★ 6-Car Garage ★ 2.36± Acres

Known As
11420 SPUR WHEEL LANE
Off 11700 River Rd., West Of Falls Rd.
Montgomery County, MD 20854

- AUCTION TO BE HELD -
Front Entrance - Circuit Court For Montgomery Co.
50 Maryland Ave., Rockville, MD 20850
Get directions from Maps.Google.Com

THURSDAY, OCT. 23, 2014
AT 10:30 A.M.

    Under and by virtue of the power of sale contained in a certain Deed of Trust from Richard Eric Denchfield and Tanya Lee Denchfield, dated March 10, 2006, and recorded among the Land Records of Montgomery County, Maryland, in Liber 32039, folio 610, the holder of the indebtedness secured thereby having appointed Jordan M. Spivok and Philip J. Collins to act as Substitute Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, at the Courthouse, the following:

    All that fee simple lot of ground, together with the buildings and improvements thereon situated in Montgomery County, Maryland and described as Tax Map ID #01-570685 more fully described in the aforesaid Deed of Trust.

    The property is reportedly improved by a stone custom contemporary home featuring a security gate entry, circular driveway, swimming pool with waterfall, 2-tiered deck with hot tub, screened porch, fenced yard with play area.  The home reportedly contains a living room, great room, gourmet kitchen with granite countertops, breakfast room, separate dining room,  6 bedrooms, 5 full baths and 3 half baths, den/office, game room, exercise room, in-law suite with separate kitchen,  heatpump, central air and more.

    TERMS OF SALE:  A $50,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Montgomery County at the offices of the Substitute Trustees.  If payment of the 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 stated in the foreclosed Deed of Trust Note, from date of sale to date of settlement.  All adjustments as of date of sale. Taxes and all other public charges and assessments payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. All dimensions contained herein are more or less.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, 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 Substitute Trustees are 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 Substitute Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.  No Buyer's Premium.

    Authority to cancel this sale rests solely with the Substitute Trustees and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.

Jordan M. Spivok and Philip J. Collins,
Substitute Trustees