Developer Auction - Final 10 Homesites Ranging from 1.44 to 10.24 Acres 2 Lots Will Be Sold To The Highest Bidder!

DEVELOPER AUCTION
- Carroll County -

FINAL 10 HOMESITES
Ranging from 1.44 to 10.24 Acres±
Located In
 "Sherlock Holmes Estates"
Sykesville, Maryland 21784
 

 6% FINANCING AVAILABLE

Sale On Premises
SATURDAY, JUNE 6, 2009
AT 10:00 A.M.

AUCTION SALE PRICES:

Take advantage of an outstanding opportunity.  Purchase one or all of the remaining executive homesites in Sherlock Holmes Estates.  Two lots will be sold at "Absolute Auction" to the highest bidder - no minimum, no reserve!  Below-market financing is available.  Each lot will be offered individually.

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 and acreage contained herein are more or less.

"Sherlock Holmes Estates" is well established as one of southern Carroll County's premier custom home developments.  Situated about 1.75 miles north of Liberty Road (MD-26), in Eldersburg, Sherlock Holmes Estates is within walking distance of scenic Liberty Reservoir.

Created in the 1980's, Sherlock Holmes Estates comprises 124 total lots.  Homes in the development are well maintained and have most recently sold for $555,000 to $695,000.   Several are valued considerably higher.  Home sizes and styles are protected by covenant, shielding the extensive investments neighborhood homeowners have placed in their properties.  The rolling topography and nearby woodlands provide a serene setting in a very convenient location.


STREET SCENE #1     STREET SCENE #2    
STREET SCENE #3     STREET SCENE #4

Nearby public schools are Freedom Elementary, Oklahoma Middle School and Liberty High.  Shopping, including several large shopping centers, food stores and numerous restaurants, is within two miles in nearby Eldersburg.  The area has good access to the Baltimore Beltway (I-695), I-795, and I-70, providing a reasonably short commute to employment centers and recreational activities in Baltimore City and County, Carroll County and Howard County.

From Liberty Road (between the two Reservoir bridges) follow Oakland Mills Road north, which becomes Mineral Hill Road.  Stay on Mineral Hill Road to Conan Doyle Way and the development.  From Route 32, follow Pine Know Road to Conan Doyle Way. For directions from your location, visit: maps.google.com

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

Ten adjoining and scattered lots, located on Baskerville Drive, Sherlock Holmes Street, Silver Blaze Drive, Moriarty Court, Dancing Man Drive, Noble Bachelor Drive and Conan Doyle Way.  The ten homesites consist of level and rolling, wooded and clear lots in prime locations.  Some are located on public streets, some on shared driveways.  Roads within Sherlock Holmes estates are wide, macadam paved with concrete curbing.

Utilities - public water and electricity.  Private septic is required.


TAX MAP     AERIAL PHOTO

*A preliminary subdivision plan has been prepared for Lot 104, potentially dividing the site into two lots - Lot 104 - 2.47 Acres and Lot 104A - 2.03 Acres. PROPOSED SUBDIVISION PLAT (pdf)

Current real estate taxes range from $2,233 to $3,338 per year. All lots are in fee simple and sold free and clear of liens. Lot 52A, on Baskerville Drive, sold in April 2009 for $195,000.

Also Maintenance Obligations

Click the following links to open each PDF document.

Liber 1266 Folio 777-786

Liber 1480 Folio 0512-0514A

Liber 1831 Folio 0301-0303

Liber 1836 Folio 0768-0778

Liber 2320 Folio 0316-0326

A $5,000 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, by 3:00 p.m. on Monday, June 8, 2009, 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.  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.

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

K Bank has generously agreed to provide the following outstanding financing to qualified buyers:

75% of the purchase price (25% down), 6% interest, 30-year amortization, 5-year maturity.

To pre-qualify or obtain additional information, please contact K Bank, Attention:  George Wachter, Sr. Vice President at (410) 654-2751 or email gwachter@kbank.net  or Kathy Snyder at (410) 654-2747 or email ksnyder@kbank.net.

Purchasers are under no obligation to use this financing and may use their own lender or pay cash.