"Western Maryland - Oakland"

Two Story Cottage
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Listing Details

Sold Price
$15,600
Auction Date
Auction Time
1:00 PM
Address
219 W. Liberty Street, Oakland, MD, 21550
County
Garrett County
Neighborhood
Oakland
Inspection
The property will be open for viewing approximately 30 minutes prior to the time of sale.
The property is available to inspect prior to the auction. Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
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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REAL ESTATE AUCTION
$25,000 Suggested Opening Bid

WESTERN MARYLAND

"Oakland"

TWO STORY COTTAGE

Sale On Premises
219 W. LIBERTY STREET
Garrett County, MD 21550

FRIDAY, SEPTEMBER 19, 2014
AT 1:00 P.M.

    Two story masonry cottage - according to public tax records the home was built in 1925, contains 1,360 square feet of living area and 636 square feet of basement space.  The home has a covered front porch and is situated on a 0.24 acre lot near the Little Youghiogheny River and Oakland Golf Course.  The property is about 9 miles southwest of Deep Creek Lake.

First Floor

  • Living Room (11' x 20') - hardwood floor
  • Dining Room (11' x 22') - hardwood floor, French door entry from living room, walkout to covered rear porch
  • Kitchen (10' x 11')
  • Summer Kitchen

Second Floor

  • 3 Bedrooms (11' x 13', 11' x 12', 9' x 11') - hardwood floors
  • Full Bathroom - partially renovated

Full Basement
Unfinished Space
Oil hot water heat
50-gallon electric water heater

    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.

    Published annual real estate taxes for 2013-2014 are $1,198 based on a full value assessment of $75,000.  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

    The property is in fee simple.

    TERMS OF SALE:  A $3,000 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 by 12:00 Noon, Monday, September 22,  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 8% per annum, from date of sale to date of settlement.  All adjustments, including taxes, condominium or homeowners association fees, if any, 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.   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.  A 4% buyer's premium will be added to the final bid price.