"Howard County, MD"

139+/- Acre Farm
Gently Rolling Terrain, Barn & Outbuildings
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Listing Details

Sold Price
$1,500,000
Auction Date
Auction Time
2:00 PM
Auction Note
Sold Prior To The Auction
Price to be disclosed at settlement.
Address
13090 Old Frederick Road, Sykesville, MD, 21784
County
Howard County
Neighborhood
Sykesville
Inspection
The property is available for inspection at any time.
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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James A. Vidmar & Lisa Y. Stevens, Attorneys
YUMKAS, VIDMAR, SWEENEY AND MULRENIN, LLC
10211 Wincopin Circle, Suite 500
Columbia, MD 21044

BANKRUPTCY AUCTION
- $750,000 Suggested Opening Bid -

HOWARD COUNTY, MD

139± ACRE FARM
Gently Rolling Terrain ◆ Barn & Outbuildings

Sale On Premises
13090 OLD FREDERICK ROAD
I-70 Exit 80 - Route 32 North 0.5 Mile to Old Frederick Road
then West (left) on Old Frederick Road to property on right
Sykesville, Howard County, MD 21784

- CANCELED -
MONDAY, FEBRUARY 15, 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:
13090 Old Frederick Road is located in north-central Howard County in the northwest quadrant of I-70 and Route 32.  The rural splendor of the 139 acre farm is only one mile north of I-70 Exit 80, providing excellent highway linkage to Baltimore, Columbia and Washington, DC.  The surrounding area consists of other farms, farmhouses and custom homes.  According to the Howard County Public Schools web site, nearby public schools are West Friendship Elementary, Mount View Middle and Marriotts Ridge High.

SITE:
139 acres - known as Parcel 99, Grid 16, Howard County Tax Map 9.  The property has driveway access from the north side of Old Frederick Road.  Approximately 115-120 acres are clear, tillable land.  The property has gently rolling topography and bucolic agricultural vistas.  The property, known as the Dorsey Farm, was originally 141 acres.  Two one acre lots have been subdivided.

Deed and Legal Description of original parcel

Plat of out-conveyance Lot 1

Plat of out-conveyance Lot 2

Tax Map

Lot 2 is located in the central portion of the site is improved by a large custom home, which is currently bank owned.  That lot shares the driveway access. See: maintenance agreement.

The farm is located in the Glenelg-Manor-Glenville soils association.  For additional information see:
http://www.nrcs.usda.gov/Internet/FSE_MANUSCRIPTS/maryland/MD027/0/Maps/howard_md_g.pdf  

Utilities - private well and septic

ZONING:
Zoning Classification - RC-DEO, Rural Conservation District

The property is in the Howard County Agricultural Land Preservation Program, restricting future development of the property.  The existing farmhouse can be replaced in its present location.  With approval of the agricultural board, a new home may be constructed in a different location on the property.  Again with board approval, the property may be able to have a minium 50 acre additional subdivision and construction of tenant houses.  For complete details contact Joy Levy at 410-313-4382.

IMPROVEMENTS:

  • Frame porchfront farmhouse, in poor condition
  • 48' x 96' metal storage building
  • Barn with silo
  • Sheds and smokehouse

TITLE:
The property is in fee simple and sold free and clear of liens.  Howard County Deed Liber 1293, folio 612.

TAXES:
Published annual real estate taxes are $4,504.63.

INSPECTION:
The property is available for inspection at any time.

TERMS OF SALE:
A $50,000 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.  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.  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, including agricultural transfer tax, if applicable, and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.

No buyer’s premium.