Absolute Estate Auction Above $50,000 - "Edgemere"

Near North Point State Park
3 Bedroom Bungalow
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Listing Details

Sold Price
$130,000
Auction Date
Auction Time
11:00 AM
Address
8104 Penwood Avenue, Edgemere, MD, 21219
County
Baltimore County
Neighborhood
Edgemere, Sparrows Point, Near North Point State Park
Inspection
The property will be open 1 hour before the auction.
The property is also 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 within 24 business hours.
Additional Documents
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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Adam J. Roa, Attorney
The Law Offices of Adam J. Roa, P.C.
401 Washington Avenue - Suite 803
Towson, MD 21204

★ ABSOLUTE ★
ESTATE AUCTION
To the Highest Bidder Above $50,000

EDGEMERE

Near North Point State Park

3 BEDROOM BUNGALOW
On 0.30 Acre Lot ★ Subdivision Potential
Two-Car Garage, Sheds, Fenced Yard

Sale On Premises
8104 PENWOOD AVENUE
Off 8600 North Point Road
Sparrows Point, Baltimore County, MD 21219

THURSDAY, AUGUST 11, 2016
AT 11:00 A.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:
8104 Penwood Avenue is located in southeastern Baltimore County, south of Beltway (I-695) Exit 42, west of Back River, east of North Point Creek and north of Ft. Howard.  The surrounding area is a mixture of rural and residential land uses.  The property is situated in the Penwood Terrace neighborhood, one-half block west of scenic North Point State Park.  According to the Baltimore County government web site, nearby public schools are Chesapeake Terrace Elementary, Sparrows Point Middle and Sparrows Point High.

SITE:
The property is a level, rectangular configuration, comprised of four contiguous lots.

  • Lot size 50' x 259', comprising 0.30 acre
  • Frontage on Penwood Avenue and Shore Road
  • Public water and sewer
  • Chain link fenced yard

IMPROVEMENTS:
One Story Bungalow, constructed in 1941 and contains 960 square feet, according to published tax records.  

Exterior
Aluminum siding
Composition shingle roof with aluminum rain spouts
Vinyl-clad double-hung replacement windows
Vinyl sided two-car detached garage
2 - frame sheds
Covered rear porch
Concrete block crawl space foundation

Interior

  • Sun Porch - carpeting, 2 ceiling fans
  • Living Room - carpeting over wood floor, ceiling fan
  • Dining Room - vinyl over wood floor
  • Large Kitchen - vinyl floor, laminate counters and cabinets, electric range/oven, refrigerator, washer, dryer, utility closet
  • 3 Bedrooms - carpeting over wood floors
  • Closet
  • Full Bathroom - vinyl floor, ceramic tile wainscot

Mechanical
Oil forced air heat
Central air conditioning
40-gallon electric water heater
Circuit breakers

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore County Deed Liber 4238, Page 22, dated November 27, 1963.

TAXES:
Published annual real estate taxes are $1,984.25, based on a full value assessment of $117,000.
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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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 contract 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 contract 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 contract 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.

No buyer's premium.

Auction by order of the Personal Representative of the Estate of Doris V. Loyd