Absolute Estate Auction Above $99,000 "Pikesville - Gwynvale" Split-Level Home 3 Bedrooms, 2.5 Baths

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Listing Details

Sold Price
$130,000
Auction Date
Auction Time
11:00 AM
Address
1315 Idylwood Road, Baltimore County, MD, 21208
County
Baltimore County
Neighborhood
Pikesville, Gwynvale
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Mark T. Willen, Attorney
Summerfield, Willen, Silverberg & Limsky, P.A.
1829 Reisterstown Road, Suite 410
Baltimore, MD 21208

★ ABSOLUTE ★
ESTATE AUCTION
To the Highest Bidder Above $99,000
                      
PIKESVILLE
"Gwynvale"

3 Bedroom ◆ 2.5 Bath
SPLIT-LEVEL HOME

Sale On Premises
1315 IDYLWOOD ROAD
Near Old Court & Greenwood Roads
Baltimore County, MD 21208

THURSDAY, APRIL 19, 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:

1315 Idylwood Road is located west of Reisterstown Road and south of Old Court Road, near Sudbrook Park, in the Pikesville area of western Baltimore County.  Neighborhood homes are detached single-family residences, constructed in the late 1950s and 1960s.  Many have been expanded and most have been well maintained. 


Gwynvale Park borders the neighborhood.  According to the Baltimore County web site, nearby public schools are Millbrook Elementary, Pikesville Middle and Pikesville High.  The Old Court Road Metro Subway station is within walking distance.  Access to the Baltimore Beltway (I-695) Exit 20 is about two miles away.  The neighborhood feels secluded, yet its location is very convenient to shopping and area employment centers.

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

 

SITE AREA

Rectangular lot - 68' x 120', comprises 0.17 acre

Zoning DR 5.5, residential

Public water, sewer, gas, electricity, telephone, cable television

Driveway leading to carport

Mature shrubs


SUBDIVISION PLAT (pdf)

 

IMPROVEMENTS

Brick and Vinyl Siding Split-Level Home - according to public tax records, the home was built in 1956 and contains 2,049 square feet of living area.  The house was occupied by the original homeowners!


Exterior
Double-glazed sliding and double-hung replacement windows
Composition shingle roof with aluminum rain spouts
One-car carport


Entry Level

  • Living Room - carpeting over wood floors
    Photos of auction property
     
  • Dining Room - carpeting over wood floors, corner cabinets
    Photos of auction property
     
  • Kitchen - vinyl floor, original metal kitchen cabinets, wall oven, GE dishwasher, GE refrigerator, electric range
    Photos of auction property
     


Upper Level

  • Master Bedroom - wood floors
    Photos of auction property
     
  • Master Bath - ceramic tile, shower stall
    Photos of auction property
     
  • Bedroom #2 - wood floors
    Photos of auction property
     
  • Bedroom #3 - wood floors
    Photos of auction property
     
  • Full Bath - ceramic tile
    Photos of auction property
     


Lower Level - walkout exit at grade in rear

  • Family Room - vinyl floor
    Photos of auction property
     
  • Half-Bath - vinyl floor
     
  • Laundry/Utility Room - washer, dryer, utility sink
    Photos of auction property
     


Mechanical
Gas forced warm air heat and central air conditioning (about 5 years old)
40-gallon gas water heater
100-amp. electrical service


The home appears to be well maintained but needs updating and cosmetic repairs.

 

REAL ESTATE TAXES

Published real estate taxes for 2011 were $2,702, including a special tax assessment of $353, based on the full value assessment of $193,800.  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 the Maryland State Department of Assessments & Taxation 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 sold free and clear of all liens, subject to an annual $120 ground rent (redemption value of ground rent is $2,000).  Deed Liber 16527, folio 132.

 

INSPECTION TIME

The property is available for inspection by appointment, contact info@ajbillig.com or telephone 410-296-8440.  The home will also be open for inspection at 10:00 a.m. on the day of 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, ground rent, 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No buyer's premium.


Auction by order of:
Steven G. Zacks and Barbara L. Ryals, Trustees of
Lewis A. & Evelyn G. Zacks 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 Wednesday, April 18, 2012.

 

FINANCING

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