"Poolesville" Valuable Development Parcel Comprising 3.40 Acres

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Listing Details

Sold Price
$300,000
Auction Date
Auction Time
11:00 AM
Address
Fisher Avenue - MD Route 107, Montgomery County, MD, 20837
County
Montgomery County
Neighborhood
Poolesville
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, MD 21117

SUBSTITUTE TRUSTEE'S SALE
                          
POOLESVILLE


VALUABLE DEVELOPMENT PARCEL
COMPRISING 3.40 ACRES

Known As
FISHER AVENUE

Sale On Premises
FISHER AVENUE - MD ROUTE 107
(Just North of Westerly Ave.)
Montgomery County, Md. 20837


TUESDAY, NOVEMBER 10, 2009
AT 11:00 A.M.

For directions from your location, visit: maps.google.com


        Under and by virtue of the power of sale contained in a certain Deed of Trust from Michael W. Longshore to Trustees, dated October 17, 2000 and recorded among the Land Records of Montgomery County, Maryland, in Liber 18724 Folio 245,  the holder of the indebtedness secured thereby having appointed Ronald  B. Katz, as Substitute Trustee, default having occurred thereunder, the undersigned Substitute Trustee will sell at Public Auction the following:


        All that fee simple parcel of ground situate and lying in Montgomery  County, Maryland and being more fully described in the aforementioned Deed of Trust.


        The property is located on the east side of Fisher Avenue just north of Westerly Avenue. The property is shown as Parcel 229 on the Md. Department of Assessments and Taxation Map, Acct. No. 03-00042243. Sewer and public water are in the street.  Subdivision is possible.


        The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is made as to the accuracy of this information.


        TERMS OF SALE:  A deposit by certified check or cashier's check of $10,000 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Montgomery County  at the offices of the Substitute  Trustee.  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 stated in the Deed of Trust Note from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes,   and all other public charges and assessments payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser shall be responsible for obtaining physical possession of the property.  If the Substitute Trustee 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 Substitute Trustee, Noteholder, or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to be paid by the purchaser  Time shall be of the essence for the purchaser.  Risk of loss on the purchaser from date of sale.


Ronald B. Katz, Substitute Trustee