Absolute Auction To The Highest Bidder "Linthicum Heights" 4 Bedroom Bungalow

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Listing Details

Sold Price
$95,000
Auction Date
Auction Time
11:00 AM
Address
402 Laura Avenue, Anne Arundel County, MD, 21090
County
Anne Arundel County
Neighborhood
Linthicum Heights
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Lawrence D. Adashek, Attorney
8 Reservoir Circle - Suite 104
Pikesville, MD 21208

★ABSOLUTE★
TRUSTEE'S AUCTION
To the Highest Bidder - Regardless of Price!
                                   
LINTHICUM HEIGHTS

4 BEDROOM BUNGALOW

 Sale On Premises
402 LAURA AVENUE
Nursery Road to Colonial Drive to Laura Avenue
Anne Arundel County, MD 21090

WEDNESDAY, FEBRUARY 1, 2012
AT 11:00 A.M.


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 & DIRECTIONS:

402 Laura Avenue is located off Beltway (I-695) Exit 8, in the Colonial Drive neighborhood of Linthicum Heights.  The surrounding neighborhood consists of well established single family housing and Overlook community park.  The area is convenient to employment centers throughout the Baltimore-Washington Region.


For nearby community services, including public schools, click on the following link: COMMUNITY SERVICES (pdf)

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

 

SITE AREA

The lot is rectangular, situated at the northeast corner of Laura and Eleanor Avenues, fronting 60' by a depth of 130'.


All public utilities are in the property.

Zoning R-5, residential

Fenced yard

Concrete Driveway - parking for 2 cars


SUBDIVISION PLAT (pdf)

 

IMPROVEMENTS

One and One-half Story Bungalow - according to public tax records, the home was built in 1952 and contains 1,402 square feet of living area.


Exterior
Vinyl siding
Vinyl-clad double glazed windows
Composition shingle roof with aluminum rain spouts
2 - Enclosed sun porches
Storage shed


Interior - plaster walls


First Floor:

  • Living Room - hardwood floor
  • Dining Room - hardwood floor
  • Kitchen - oak cabinets, vinyl floor, range/oven, stainless steel sink, refrigerator, clothes washer
  • Bedroom #1 - hardwood floor
  • Bedroom #2 - carpeting over wood floor
  • Full Bath - vinyl floor, fiberglass wainscot


Second Floor:

  • Bedroom #3 - carpeting
  • Bedroom #4 - vinyl floor
  • Half-Bath - vinyl floor
  • Sitting Room


Mechanical

Gas forced air heat and central air conditioning

Gas water heater


Updating and cosmetic repairs are needed.

 

REAL ESTATE TAXES

Published 2011 real estate taxes are $2,367, based on a full value tax assessment of $200,800.  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 SDAT concerning the appeals process, and may see the following link for helpful information:
http://www.dat.state.md.us/sdatweb/appeal.html

 

TITLE

The property is in fee simple and will be sold free and clear of liens.  Deed Liber 19799, folio 478.

 

INSPECTION TIME

The property may be inspected one hour prior to the auction.

 

TERMS OF SALE

A $10,000 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.  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.   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.  Time is of the essence.


No buyer's premium.


Auction by order of:
Stephen Cilino, Trustee of the
Lorraine M. Cilino Revocable Trust


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.


BROKER COOPERATION:

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 Tuesday, January 31, 2012.

 

FINANCING

 See our Financing Page for a list of auction-oriented lenders.