Absolute Auction - "Westminster - Peppermint Park Area"

Two Parcels: 19.331 +/- Acres
Conservation District Zoning
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Listing Details

Sold Price
$80,000
Auction Date
Auction Time
2:00 PM
Auction Note
Sale to be Held: Front Entrance, CIRCUIT COURT FOR CARROLL COUNTY, 55 N. Court Street, Westminster, MD 21157
Address
Arnold Road, Westminster, MD, 21157
County
Carroll County
Neighborhood
Westminster, Peppermint Park Area
Inspection
Please email info@ajbillig.com or call 410.296.8440 if you plan to inspect the property.
Additional Documents
Survey
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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ABSOLUTE ESTATE AUCTION
To The Highest Bidder Regardless of Price

WESTMINSTER

"Peppermint Park" Area

Two Parcels:
★ 19.331+/- ACRES ★
Conservation District Zoning

Known As
ARNOLD ROAD
Tax ID: 04-004728
Carroll County, MD 21157

Sale to be Held:
Front Entrance
CIRCUIT COURT FOR CARROLL COUNTY
55 N. Court Street
Westminster, MD 21157

MONDAY, MAY 16, 2016
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 property is located northeast of the Peppermint Park subdivision in  Westminster. The two parcels, comprising a total of 19.331+/- acres, sit north of Hook Road, and south of Arnold Road. The surrounding area is a mix of large farms and small subdivisions. Downtown Westminster is about 3.5 miles to the north, and Route 97 (Washington Road) and Route 140 (Baltimore Boulevard) are each within about 2 miles.

For more information about the area, please visit:
http://www.westgov.com/
and
http://carrollcountytourism.org/
http://ccgovernment.carr.org/ccg/

SITE:
According to public tax records, the site comprises 19.331 acres, more or less. The property is composed of two parcels known as Carroll County map 52, parcel 262, and by Tax ID# 04-004728.

The two parcels are mostly wooded. Parcel 1 contains approximately 15.67 acres, and parcel 2 contains approximately 3.664 acres. According to the legal description there is a 16.5 easement to Hook Road.

Purchasers are responsible for conducting their own due diligence in advance of the auction. Please email info@ajbillig.com or call 410.296.8440 if you plan to inspect the property.

Legal Description

Survey

Zoning - C, Conservation District:
For Zoning Information, see the Carroll County Code of Ordinances

TAXES:
Published annual real estate taxes are $2,564, based on a full value tax assessment of $221,600. 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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The parcels are in fee simple and sold free and clear of liens.  Carroll County Deed Liber CCC 416, folio 619.

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, 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 waives and releases the Seller, 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 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.  Time is of the essence.

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