"Lochearn" Brick Bungalow

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Listing Details

Sold Price
$75,000
Auction Date
Auction Time
11:00 AM
Address
3724 Cedar Drive, Baltimore County, MD, 21207
County
Baltimore County
Neighborhood
Lochearn
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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J. Michael Holloway, Attorney
Holloway & Sullivan, LLC
10 N. Calvert Street - Suite 200
Baltimore, Maryland 21202

GUARDIAN'S SALE
                     
LOCHEARN

BRICK BUNGALOW
- In Need of Renovation -

Sale On Premises
3724 CEDAR DRIVE
3 Blocks West of 3700 Patterson Ave.,
Baltimore County, MD 21207

FRIDAY, NOVEMBER 30, 2012
AT 11:00 A.M.


     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.


GENERAL INFORMATION

LOCATION & DIRECTIONS:

The home is located less than 1.3 miles southeast of I-695 (Exit 18 - Liberty Road). Abundant shopping, eateries and work centers are within minutes along Liberty Road, Reisterstown Road and arterial roads. For a list of nearby public schools, visit http://www.bcps.org/apps/boundaries .  The Downtown Baltimore business district lies just 15 minutes to the east.   Subway stations and MTA bus service are nearby.

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

 

SITE AREA

The lot is irregularly shaped and comprises 0.19 acre, more or less (according to tax records)


Serviced by public water, public sewer and natural gas

 

IMPROVEMENTS

Desirable one and one-half story brick bungalow.  Features include hardwood floors, vinyl double glazed replacement windows, storm doors and rear storage sheds.   The home is in need of renovation and is arranged as follows:


First Floor

  • Living Room
  • Dining Room
  • Kitchen with walk-out to an enclosed Solarium
  • Bedroom
  • Hall Bathroom
  • Utility/Laundry room with stacking washer and dryer


Second Floor

  • 2 - Bedrooms


Mechanical
Gas forced hot air heat with newly installed Carrier WeatherMaker 9200 furnace
Central Air Conditioning
Electronic Air Cleaner

 

REAL ESTATE TAXES

2012-2013 published annual real estate taxes are $1,963, based on a full value assessment of $139,300.  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, being sold free and clear of all liens

 

INSPECTION TIME

10:00 a.m. on the day of the auction only

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $5,000 will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 72 hours at the office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place 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 Guardian, the Owners 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, except where otherwise mandated by local, State or Federal law.  Time is of the essence.


No buyer's premium!


Auction by order of J. Michael Holloway, Guardian of
Harland G. Williams and Jill W. Williams

 

FINANCING

Call for pre-qualification and financing options:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
ckessler@freedmont.com


For a list of additional auction-oriented lenders, see our Financing Page.

For all other information please call 410-296-8440
OR EMAIL info@ajbillig.com