"Middletown - Springbrook"

End-Of-Group Townhome
4 Bedrooms & 1.5 Baths
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Listing Details

Sold Price
$117,000
Auction Date
Auction Time
11:00 AM
Address
7312 W. Springbrook Court, Middletown, MD, 21769
County
Frederick County
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.
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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REAL ESTATE AUCTION

MIDDLETOWN

"Springbrook"

End-Of-Group
TOWNHOME
4 Bedrooms & 1.5 Baths

Sale On Premises
7312 W. SPRINGBROOK COURT
Off Beechtree Lane
Frederick Co., MD 21769

THURSDAY, NOVEMBER 3, 2016
AT 11:00 A.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:
The home is located in the Springbrook community in Middletown, Maryland, approximately 4 miles west of Frederick. Springbrook is a townhome community situated just south of Old National Pike (Alt US-40). Surrounding communities are comprised predominantly of large, detached homes, many of which are situated along the Hollow Creek Golf Course immediately to the west. Access to downtown Frederick and its readily expanding dining and entertainment district is good. Shopping and dining options in Middletown are within walking distance. According to fcps.org, area schools are believed to be Middletown Elementary, Middletown Primary, Middletown Middle and Middletown High.

SITE:
Rectangular lot: 36' x 120', more or less

Fully fenced yard

Reserved parking and additional visitor parking

IMPROVEMENTS:
Two story end-of-group townhome - the home was built in 1974, contains 1,320 square feet of living area, and 660 square feet of basement space, according to public tax records. The home contains: living room, dining room, kitchen and plumbed for powder room, on the first floor; four bedrooms and bath, on the second floor; unfinished basement with laundry and utility area. The home is in need of renovation.

HOA INFORMATION:
Homeowner's association fee is $13.33 per month (billed quarterly).

Declaration of Covenants

Bylaws

2016 Budget

TAXES:
Current annual real estate taxes are $1,782 based on a full value assessment of $144,500. 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:
In fee simple; 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Purchaser agrees to waive any right of rescission under Maryland Homeowners Association Law, if applicable. 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.

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