Absolute Above $25,000 - "Lakehurst"

Near Boys Latin School
Terrace Level Condominium Unit
One Bedroom and Bath
8279.jpg

Listing Details

Sold Price
$55,000
Auction Date
Auction Time
2:00 PM
Address
6003 Lakehurst Drive - Unit 1, Baltimore, MD, 21210
County
Baltimore County
Neighborhood
Lakehurst, Near Boys Latin School
Inspection
Inspection by appointment - call 410-296-8440 or email info@ajbillig.com. The property will also be open 45 minutes prior to the auction.
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

Use Mobile?
8280.jpg
8280.jpg
8281.jpg
8282.jpg
8283.jpg
8284.jpg
8285.jpg
8366.jpg
8367.jpg
8368.jpg
8369.jpg
8370.jpg
8279.jpg

John C. Heisler, Attorney
Heisler, Williams & Lazzaro, LLC
102 W. Pennsylvania Avenue - Suite 200
Towson, MD 21204

★ABSOLUTE★
ESTATE AUCTION
To the Highest Bidder Above $25,000

LAKEHURST

Near Boys Latin School

Terrace Level
CONDOMINIUM UNIT
One Bedroom and Bath
- Renovation Needed -

Sale On Premises
6003 LAKEHURST DRIVE - UNIT 1
Off Lake Avenue, Two Blocks West of Roland Avenue
Baltimore County, MD 21210

WEDNESDAY, AUGUST 26, 2015
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:
The unit is located in the 6003 Lakehurst Drive Condominium, off the 1000 block of W. Lake Avenue, east of Falls Road and west of Roland Avenue, just north of the Baltimore City-County line.  The surrounding area is predominantly comprised of single family detached custom homes.  Lakehurst Condominium is a twelve-unit garden apartment building, nestled amid the upscale neighborhood.  The site is immediately southeast of Lake Roland Park, west of the Elkridge Hunt Club and Boys Latin.

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

CONDOMINIUM:
Two story brick and stone garden apartment building, believed to be constructed in the 1950s and converted to condominium units in 1973.  The property is managed by CRA Management.  Monthly condominium fee is $395.01 and includes heat, common area maintenance, master insurance policy, water and sewer.

Site Plat

Condominium Resale Documents

UNIT:
Ground level apartment unit comprises approximately 627 square feet of living area, has two exterior entrances and contains a living room, kitchen, bedroom with double closet and ceramic tile bathroom.  Hot water heat is included in condominium fee.  Storage locker.  Surface parking lot.  The apartment needs renovation.

Unit Plat

TITLE:
The property is in fee simple and sold free and clear of liens - Baltimore County Deed Liber 6048, Page 546.

TAXES:
Published annual real estate taxes for 2015 are $1,044.98, based on a full value assessment of $80,000.  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

TERMS OF SALE:
A $5,000 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, condominium fees, 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, and subject to the Declaration and Bylaws of the 6003 Lakehurst Drive Condominium.  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 right of rescission under Maryland Condominium 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.

No buyer's premium.

Auction by order of:
Ellen Pratt, Personal Representative of the Estate of David M. Pratt