"Catonsville"

Circa 1910, Two Story Cottage on 0.36 Acre
4 Bedrooms, 2 Baths, Garage, Wraparound Porch & Fenced Yard
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Listing Details

Sold Price
$229,000
Auction Date
Auction Time
11:30 AM
Address
316 Harlem Lane, Catonsville, MD, 21228
County
Baltimore County
Neighborhood
Catonsville
Inspection
The property will be open 1 hour before 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

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

SUBSTITUTE TRUSTEES' AUCTION

CATONSVILLE

Circa 1910
TWO STORY COTTAGE
4 Bedrooms ◆ 2 Baths ◆ Garage
Wraparound Porch ◆ Fenced Yard

Sale On Premises
316 HARLEM LANE
Off Edmondson Avenue
Baltimore County, MD 21228

WEDNESDAY, JUNE 10, 2015
AT 11:30 A.M.

    Under and by virtue of the power of sale contained in a Deed of Trust (the "Deed of Trust") from Vonda E. Peterson to the Trustees therein, dated November 22, 2004, and recorded among the Land Records of Baltimore County, Maryland (the "Land Records"), in Liber 21207, Page 217, 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 12, 2015 and recorded among the Land Records in Liber 35949, Page 253, 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 Baltimore County, State of Maryland, commonly known as 316 Harlem Lane, Catonsville, MD 21228 and being more fully described in the above-referenced Deed of Trust.  

    According to public tax records, the property site is comprised of 0.36 acres of land, improved by a two story vinyl sided home, constructed in 1910, containing 2,437 square feet of living area, plus basement.  The home has a covered wraparound front porch, white picket fenced yard, a detached two-car garage, double-glazed replacement windows, stone foundation, asphalt driveway and wooden sun deck.  Interior finishes include plaster and drywall, wood floors, some original mouldings and trim.  

    The first floor contains an entry hall, living room, dining room, updated full bath, kitchen with ceramic tile floor, appliances and breakfast area, family room with ceiling fan and wood stove flue.  The second floor has a master bedroom with beamed ceiling and fan, 3 additional bedrooms, laundry and full bath.  Additional features include a walk-up attic with flooring, gas steam heat and supplemental electric baseboard heat, gas water heater, updated circuit breakers, unfinished basement and security alarm.

    NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate, but is offered for informational purpose only.  However, no express or implied warranties or representations are made or may be inferred.  Dimensions, square footage and acreage contained herein are more or less.  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 and the permitted uses thereof.

    TERMS OF SALE:  A $15,000 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.  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 Baltimore 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", without express or implied warranty as to the nature and description of the improvements as contained herein. 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