"Glyndon Area" Rustic Farmhouse Situated on Secluded 1.18 Acre± Lot

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Listing Details

Sold Price
$190,000
Auction Date
Auction Time
11:00 AM
Address
18605 Insulin Lane, Baltimore County, MD, 21136
County
Baltimore County
Neighborhood
Glyndon Area
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Frank G. Lidinsky, Attorney
8600 LaSalle Road - Suite 320
Towson, MD 21286

ESTATE AUCTION
                            
GLYNDON AREA


RUSTIC FARMHOUSE
Situated on Secluded
1.18 ACRE± LOT

Sale On Premises
18605 INSULIN LANE
Off Central Avenue, Reisterstown
Baltimore County, MD 21136


WEDNESDAY, MARCH 25, 2009
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 mentioned herein are more or less.

LOCATION & DIRECTIONS:

18605 Insulin Lane is located between the former Camp Glyndon site and Sagamore Forest in the Glyndon area of Reisterstown.  The site is south of Butler Road (MD-128) and north of Bond Avenue.  Central Avenue is an extension of Owings Mills Boulevard.  Camp Glyndon was developed into the Beth Tfiloh Lower School Campus, which recently closed and was sold to another institutional user.  The auction property is separated from the campus by mature trees and presents a serene rural setting in a very convenient location.  I-795 is within two miles of the property, providing easy access to the Baltimore Beltway (I-695) and employment centers throughout the region.  Metro subway service is approximately 5 miles south of the home.  Nearby public schools are Franklin Elementary, Franklin Middle and Franklin High School. 

From Central Avenue follow Insulin Lane bearing right around campus along paved road to first home on right side.

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

 

SITE AREA

The lot is a flag-shaped configuration, comprising 1.18 acres of land.  The lot fronts approximately 128' along Insulin Lane, by a depth of 332'.  A 15' strip extends south from the lot for approximately 593' bounding homesites in Sagamore Forest situated on Mt. Laurel Court.  The site is fairly level and bounded by mature woodlands.  An ornamental fish pond is located in the rear of the home.

Utilities - Private well and septic, electricity, telephone.  Bottled propane is used for cooking.  Public water is nearby in Sagamore Forest. 

Well yield test results: 9.72 gallons per minute.  WELL YIELD TEST REPORT (pdf)

Zoning - RC-5, residential - no further subdivision permitted.



METES AND BOUNDS LEGAL DESCRIPTION (pdf)

 

IMPROVEMENTS

Two story frame farmhouse - according to published tax records, the home was constructed in 1923 and contains 1,238 square feet of living area.  The home is constructed on a partial basement and crawl space foundation. 

Exterior - T-111 siding, vinyl clad replacement windows, composition shingle roof, covered porch, small barn with dog run

Interior - sun room, living room with pellet stove, kitchen, den, bedroom with sliding doors to porch, bow window and window seat, full bathroom, laundry room with washer and dryer, second floor loft

Mechanical - electric heat pump and central air conditioning

 

REAL ESTATE TAXES

2009 published real estate taxes - $1,401.13 with homestead exemption (likely $2,639 without)

 

TITLE

In fee simple.  The home is sold free and clear of liens.  Deed Liber 16285, 661.

 

INSPECTION TIME

Forty-five minutes prior to time of sale

 

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, and agrees to waive the well yield and potability test provisions under the Baltimore County Code.   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:
Cathleen Richardson, Personal Representative
of the Estate of Robin M. Smith

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Greentree Mortgage Corporation

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-702-4511 fax
ckessler@loanofficer.com