"Lochearn - Brookside Manor"

Two Story Traditional Home
On 0.16 Acre
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Listing Details

Sold Price
$120,000
Auction Date
Auction Time
2:00 PM
Address
7111 N. Alter Street, Lochearn, MD, 21207
County
Baltimore County
Neighborhood
Lochearn, Brookside Manor
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

LOCHEARN

"Brookside Manor"

Two Story
TRADITIONAL HOME
- On 0.16 Acre -

Sale On Premises
7111 N. ALTER STREET
A/K/A 7111 Alter Street
Baltimore County, MD 21207

THURSDAY, JANUARY 12, 2017
AT 2:00 P.M.

- SUGGESTED OPENING BID: $70,000 -

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:
7111 N. Alter Street is located in the Lochearn area of northwestern Baltimore County, and is within the Brookside Manor subdivision. Surrounding communities include Sudbrook Park, Villa Nova and Campfield Gardens. Brookside Manor comprises a variety of home styles constructed from 1960-1983. Many of the homes have since been significantly updated, with some adding additional square footage. The home is within 1.5 miles of the Baltimore Beltway (I-695). Shopping, dining and neighborhood services are along Liberty Road and Reisterstown Road. According to bcps.org, nearby schools are Bedford Elementary, Pikesville Middle and Milford Mill Academy.

For more information about the area, please visit:
https://www.baltimorecountymd.gov/

SITE:
Lot size: 0.16 acre, more or less

The lot fronts 53.11' on N. Alter Street, with depths of 120.69' and 125.18', and a rear lot line of 62.59'

Front and rear fenced yards

Concrete driveway for 2-3 vehicles

IMPROVEMENTS:

Two story traditional home - the home was built in 1978, contains 1,236 square feet of living area and 736 square feet of partially finished basement space.

Exterior
Vinyl Siding
Asphalt shingle roof
Vinyl windows

Interior

First Floor

  • Family room
  • Living room
  • Kitchen - ceramic tile floor

Second Floor

  • Bedroom - Large walk-in closet
  • Bedroom
  • Bedroom
  • Full Bathroom

Basement

  • Partially finished with carpet floor
  • Family room
  • Utility room - washer and dryer
  • Storage area

Mechanical
Electric heat pump
Central air conditioning

TAXES:
Current annual real estate taxes are $2,295 based on a full value assessment of $145,700. 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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