"Arbutus - Oakland Terrace"

Two Story Traditional Home
0.15 +/- Acre Corner Lot
Fenced Yard & Parking
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Listing Details

Sold Price
$140,000
Auction Date
Auction Time
2:00 PM
Address
1256 June Road, Arbutus, MD, 21227
County
Baltimore County
Neighborhood
Arbutus, Oakland Terrace
Inspection
The home may be inspected 1 hour prior to the auction, and by appointment, per the instructions below.
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. Inspection requests are normally answered Monday-Friday 9 am-4 pm.
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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J. Michael Holloway
Holloway & Sullivan, LLC
One North Charles Street - Suite 2525
Baltimore, MD 21201

ESTATE SALE

ARBUTUS

"Oakland Terrace"

Two Story
TRADITIONAL HOME
- 0.15+/- Acre Corner Lot -
Fenced Yard & Parking

Sale On Premises
1256 JUNE ROAD
Corner of Oakland Road
Baltimore Co., MD 21227

TUESDAY, JULY 26, 2016
AT 2:00 P.M.

- SUGGESTED OPENING BID: $50,000 -

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:
1256 June Road is located in the Oakland Terrace neighborhood in the Arbutus area of southwest Baltimore County. Arbutus is situated along I-95, I-695 and I-195, making the location extremely convenient for those working throughout the central Maryland area. University of Maryland Baltimore County is immediately north of Oakland Terrace. The BWI Thurgood Marshall Airport and commercial corridor is within about 4 miles. Surrounding homes are a mix of single family traditional homes and townhomes. According to bcps.org, area schools are Arbutus Elementary, Arbutus Middle and Lansdowne High.

For more information about the area, please visit:
http://www.baltimorecountymd.gov/
http://myneighborhood.baltimorecountymd.gov/
http://arbutus.org/
&
http://bcps.org

SITE:
Mostly rectangular lot: 0.15 acre, more or less

The lot fronts approximately 50.65' on June Road, and 98.04' on Oakland Road

Fenced yard

Curb cut on June Road - potential for driveway

IMPROVEMENTS:
Two story aluminum sided traditional home - according to public tax records, the home was constructed in 1954, contains 1,152 square feet of living area and 576 square feet of basement space.  The home contains a living room, dining room, kitchen and enclosed porch with louvered windows, on the first floor; three bedrooms and ceramic tile bath, on the second floor; full basement with utility and laundry areas. The home is in need of renovation.

TAXES:
Current annual real estate taxes are $2,555 based on a full value assessment of $188,633. 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:
Annual $120 ground rent due semiannually on 6/14 & 12/14; and will be sold free and clear of liens

TERMS OF SALE:
A $7,500 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.  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, ground rent, 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.  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!

J. Michael Holloway, Personal Representative for
The Estate of Annette Schweiger