32.596 +/- Acre Farm

Including: 4 Bedroom Farmhouse, Apartment Building, 16-Stall Bank Barn, Fenced Corrals & Outbuildings
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Listing Details

Sold Price
$100,000
Auction Date
Auction Time
11:00 AM
Address
1282 Macton Road, Street, MD, 21154
County
Harford County
Neighborhood
Street
Additional Documents
Record Plat - per DOT
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Shapiro, Sher, Guinot & Sandler
250 W. Pratt Street, 20th Floor
Baltimore, Maryland 21201
410-385-0202

SUBSTITUTE TRUSTEES' AUCTION

32.596± ACRE FARM
Including
4 Bedroom Farmhouse
Apartment Building
16-Stall Bank Barn
Fenced Corrals & Outbuildings

Sale On Premises
1282 MACTON ROAD
"Street"
Harford County, MD 21154

WEDNESDAY, SEPTEMBER 9, 2015
AT 11:00 A.M.

    Under and by virtue of the power of sale contained in a certain Money Loaned Deed of Trust (the "Deed of Trust") from Warren D. Wolbert and Mary Lou Wolbert to the Trustees therein, dated April 23, 2007, and recorded among the Land Records of Harford County, Maryland (the "Land Records"), in Liber 07322, Folio 062, the holder of the indebtedness secured thereby having appointed Scott W. Foley, Esq. and Joseph A. Pulver, Esq. to act as Substitute Trustees, in place and stead of the aforementioned Trustees, by Deed of Appointment of Substitute Trustees dated March 18, 2015 and recorded among the Land Records in Liber 11161, Folio 250, default having occurred under the terms of the Deed of Trust and at the request of the party secured thereby, the Substitute Trustees will sell at Public Auction, on the premises, the following:

    All that fee simple lot of ground and the improvements thereon, situate and lying in Harford County, State of Maryland and being more fully described in the Deed of Trust, a copy of which can be found on the Auctioneer's web site.

    The property is believed to be identified as Lot 1, Parcel 288, Grid 1E, on Harford County Tax Map 18. The parcel is irregularly shaped, fronting approximately 1,200' along the north side of Macton Road with a depth of approximately 1,500'.  The site is rolling, sloping upward to the north.  Broad Creek traverses the southwestern corner of the site.  The property is believed to be zoned AG, agricultural.  The improvements are located along the northern portion of the property and are believed to comprise:

  • Circa 1900 two story frame farmhouse, comprising approximately 4,800 square feet, and containing a living room, dining room, kitchen, office, laundry and bath, on the first floor; master bedroom and bath, 3 additional bedrooms and 2 additional baths, on the second floor; lower level with 2 large finished rooms and laundry/storage area with toilet; oil fired hot water baseboard heat, central air conditioning
  • Two story frame apartment building
  • Bank Barn (approximately 40' x 56') with 16 stalls, silo, storage room and work room
  • Frame storage building, fenced corrals, frame run-in sheds, stone building, inground swimming pool, asphalt driveway, one well, 2 septic systems

    Additional information including room dimensions, plat and letter from Harford County Zoning Office can be found on the Auctioneer's web site.

    NOTE:  The information contained herein and available on the Auctioneer's web site has been obtained from sources deemed reliable and is believed to be substantially accurate, but is offered for informational purposes only.  However, the Auctioneers, the Substitute Trustees, and the party secured by the Deed of Trust do not make any representations or warranties with respect to the accuracy of the information contained herein or in any of the information and materials made available to prospective purchasers and no express or implied warranties or representations may be inferred.  All dimensions, square footage, acreage and other measurements, if any are approximate.  Building area shown is gross building area and approximate.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the property, existing structures and improvements thereon and the permitted uses thereof.

    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 shall be increased to 10% of the purchase price within 24 hours at the Substitute Trustees office.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in immediately available funds at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Harford County at the offices of the Substitute Trustees.  If payment of the balance does not take place within the specified time, in addition to any other legal or equitable remedies available to the Substitute Trustees and party secured by the Deed of Trust, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser.  The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. In the event the property is purchased by someone other than the party secured by the Deed of Trust, interest to be charged on the unpaid purchase money, at the rate stated in the Note executed in connection with the foreclosed Deed of Trust, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  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 with "ALL FAULTS", and without any recourse, representations, or warranties, express or implied, as to the nature, condition, value use or description of the property or the improvements thereon. The purchaser is responsible for, and the property is sold subject to, any and all environmental violations, matters, problems, conditions or hazards, whether latent or observable, if any, that may exist at or affect or relate to the property and to any governmental requirements affecting the same, nuisances, violation notices, building code violations, zoning code violations, critical area and wetland violations, encumbrances, easements, equitable servitudes, conditions, rights of way, restrictions, rights of redemption, covenants, declarations, agreements, and restrictions of record affecting the property that are not extinguished by operation of law by the sale. In addition, the property is being sold subject to such state of facts that an accurate survey or physical inspection of the property might disclose.  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.  The conveyance of the property by the Substitute Trustees shall be by Substitute Trustees' Deed without covenant or warranty. Time shall be of the essence for the purchaser.

    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.

Scott W. Foley and Joseph A. Pulver,
Substitute Trustees

No Buyer's Premium