Main > Residential > Absolute Auction Above $349,000 "Owings Mills - Garrison Overlook" Circa 1923 Manor Home 4,384± Sq. Ft., 5 Bedrooms, 5½ Baths, 3-Car Garage, Barn/Studio
Sale On Premises
Garrison Overlook is a twelve executive home subdivision created in 2007. Situated along Garrison Forest Road, opposite Gwynnbrook Avenue, neighborhood homes range from 3,970 to 6,527 square feet of living area. 3407 Starlite Court was the original manor house for Garrison Overlook, dating to 1923.
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Known as Lot 11, Plat 1, Garrison Overlook, the home site fronts approximately 175' and comprises 1.53 acres. The lot is level and landscaped with mature trees.
Two Story Wood Siding & Brick Center Hall Colonial Home
Please contact the office of the Auctioneer for copies of the documents.
Published real estate taxes for 2011 were $4,553.
The current annual HOA fee is $720 per year.
The property is in fee simple and is sold free and clear of liens.
NOTE - The property is the only asset owned by an LLC. The purchaser will be given the option to buy the stock interest in the LLC and potentially avoid transfer taxes.
A $25,000 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 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, 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 property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration and Bylaws of the Garrison Overlook Homeowners Association. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law and agrees to waive any right of rescission under the Maryland Homeowners Association Act. 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.
Online pre-registration is now closed. Please register with the Auctioneer at the auction site.
Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf).
The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Wednesday, May 23, 2012.
See our Financing Page for a list of auction-oriented lenders.
For more information about terms of sale, and the auction process see our:
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