Absolute Estate Auction Above $10,000 "Catonsville" Two Story Farmhouse

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Listing Details

Sold Price
$42,000
Auction Date
Auction Time
11:00 AM
Address
181 Winters Lane, Baltimore County, MD, 21228
County
Baltimore County
Neighborhood
Catonsville
Scroll down for Complete Details, including: property description and Terms of Sale.

- ABSOLUTE ESTATE AUCTION -
TO THE HIGHEST BIDDER OVER $10,000
                          
CATONSVILLE

Two Story
- FARMHOUSE -
In Poor Condition

Sale on Premises
181 WINTERS LANE
Between Baltimore National Pike (US-40)
and Edmondson Avenue
BALTIMORE COUNTY, MD 21228

THURSDAY, JUNE 21, 2012
AT 11:00 A.M.


    NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. All dimensions and acreage contained herein are more or less.

LOCATION & DIRECTIONS:

The property is situated in Catonsville, one-half mile south of the Baltimore National Pike (US-40) commercial corridor, and approximately one mile north of the Catonsville business district along Frederick Road. Catonsville is well known for its numerous music stores, and features many dining and shopping options. The Baltimore Beltway is less than a mile away via Baltimore National Pike, and I-70, I-95 and I-195 are also a short distance away. Nearby homes are made up of an eclectic array of single-family homes of varying sizes and styles.

 

SITE AREA

Rectangular lot fronts approximately 60' on Winters Lane, and contains 13,039 square feet or 0.30 acre, more or less, according to public tax records.


Detached concrete block garage


Baltimore County GIS Map:

 

IMPROVEMENTS

Two story farmhouse with vinyl siding features vinyl clad replacement windows and asphalt shingle roof. The home contains six rooms (three bedrooms), bath and cellar basement. The home is in poor condition, and requires complete rehabilitation.

 

REAL ESTATE TAXES

2011-2012 published annual real estate taxes are $1,746, based on a full value tax assessment of $108,800, and includes a $427 special tax assessment.  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

In fee simple, sold free and clear of all liens. Deed Liber SM 23664, folio 552.

 

INSPECTION TIME

45 minutes prior to sale on the day of the auction.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $2,500 will be required of the purchaser at time and place of sale.  The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  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 assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller,  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 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.


NO BUYERS PREMIUM!

 

FINANCING

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