Richard B. Stofberg, Attorney
20 S. Charles St., Suite 318
Baltimore, MD 21201
Wilson P. McManus, Attorney
1301 York Road, Suite 108
Lutherville, MD 21093

  ABSOLUTE  
ESTATE AUCTION


4 - ELLICOTT CITY
RESIDENTIAL PROPERTIES

Houses & Contiguous Lots Development Potential
R20 Zoned Land Situated on
Old Frederick Road & Rogers Avenue (Route 99)

North of I-70 Exit 25, Howard County, MD 21043





Sale On Premises
WEDNESDAY, FEBRUARY 2, 2005
AT 11:00 A.M.
(Inspection 10:00 A.M.)



Property #1 - View Photo
8880 OLD FREDERICK ROAD
Brick Rancher on 1.86 Acres

       Brick ranch home, constructed circa 1985, containing a living room with gas fireplace, dining area, kitchen, 3 bedrooms, bath, basement with laundry area and outside exit; electric heat pump and central air conditioning; front and rear porches; carport; lot size 671' x 200' m/l, fronting on Old Frederick Road, Rogers Avenue (Route 99) and Orchard Avenue; public water and sewer; in fee simple; zoning R20, residential; taxes $2,593.35. Deposit $25,000.


Property #2 - View Photo
Lot 1, Farmview, Situated On
OLD FREDERICK ROAD & ROGERS AVENUE (ROUTE 99)

0.84 Acre Lot

       L-shaped unimproved lot situated west of Orchard Avenue; zoning R20, residential; in fee simple; public water and sewer are in the adjacent property; taxes $1,365.76; adjoins Property #3. Deposit $10,000.


Property #3 - View Photo
8906 ROUTE 99
Fronts on Old Frederick Road & Rogers Avenue

Bungalow on 0.58 Acre Lot

       Aluminum sided bungalow, constructed circa 1932, contains living room, kitchen, 2 bedrooms, bath and laundry; oil forced hot air heat; replacement windows; tenant occupied at $1,000/month - outbuildings belong to tenant; in fee simple; public water and sewer; taxes $1,575.60; adjoins Property #2 and Property #4. Deposit $10,000.


Property #4 - View Photo
8900 OLD FREDERICK ROAD
Corner Rogers Avenue (Route 99) & Orchard Avenue

0.63 Acre Lot with Produce Stand

       Well known corner; zoning R20, residential; public water and sewer are in adjacent Property #3; in fee simple; taxes $1,317.74. Deposit $10,000.


LOCAL SCHOOLS: Hollifield Station E.S. (within walking distance)
Patapsco M.S. (within walking distance)
Mt. Hebron H.S.





MANNER & TERMS OF SALE

       MANNER OF SALE: Each property will be offered individually and the bids reserved. Then, all four properties will be offered as an entirety. The sale will be made in the manner producing the greater amount.

       TERMS OF SALE: Deposits as stated above, 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 within 45 days. If payment of the 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, rents, all other public charges and assessments payable on an 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 properties 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 of Property #3 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. The purchaser waives and releases the Personal Representatives, the Estate of Anthony J. Serio, 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. If the Personal Representatives are 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 the sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Personal Representatives, the Estate of Anthony J. Serio or Auctioneers. Recordation costs and transfer taxes to be paid by the purchaser. Time is of the essence.

NO BUYER'S PREMIUM

Broker Participation Is Invited
Click for Registration Form


Sale by order of:
Richard B. Stofberg and Wilson P. McManus,
Personal Representatives of the
Estate of Anthony J. Serio