Louis J. Weinkam, Jr., Attorney
1002 Frederick Road
Catonsville, MD 21228
$150,000 Opening Bid
ONLINE REAL ESTATE AUCTION
0.39± Acre - 6 Bedrooms - 2 Baths
827 FAIRWAY AVENUE
Catonsville, Baltimore County, MD 21228
TUESDAY, AUGUST 11, 2020
FRIDAY, AUGUST 14, 2020 AT 12:00 P.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.
827 Fairway Avenue is located in the Lyncrest neighborhood in Catonsville, formerly known as Golf Park Acres, owing to the proximity to Rolling Road Golf Club (less than one-quarter mile West). Lyncrest is a collection of approximately 50 homes of varying styles situated between Wilkens Avenue, Hilltop Road and Valley Road. The neighborhood is conveniently positioned between the aforementioned Rolling Road Golf Club, UMBC and the Spring Grove Hospital Center, providing substantial nearby employment. The Baltimore Beltway (I-695) is less than one mile away via Wilkens Avenue, I-95 is within 2 miles, and I-195, I-895 and I-70 are all also nearby, providing an extensive amount of commuter options. The Catonsville "Main Street" corridor along Frederick Avenue is a little over one mile north, providing ample dining, shopping and entertainment options, including Franco’s Italian Bistro, Catonsville Gourmet, and long time neighborhood standard, Jennings Café. Patapsco Valley State Park, a short distance west, provides ample outdoor recreational options. According to bcps.org, nearby schools are Catonsville Elementary, Arbutus Middle and Catonsville High.
Lot size - 0.329 acre, more or less, according to public tax records. Fronting approximately 100' on Fairway Avenue with an average depth of approximately 143'.
Comprising lots 14, 15 and 16 on the Plat of Golf Park Acres (now known as "Lyncrest") recorded in Baltimore County Land Records at Plat Book WPC 8, page 10.
The lot is mostly level and clear with a few mature trees and bushes. Partial curb cut and gravel entry to grassy parking area. Suitable for paving into more formal driveway and parking area.
Brick Bungalow - constructed in 1952, containing 1,659 square feet above grade and 1,134 square feet of basement space, according to public tax records. The home features covered front porch and covered side entry, 6 bedrooms, 2 full baths, basement suitable for finishing with additional bedroom space and ample rear addition potential. The home is mostly original, with hardwood floors, wood windows, solid wood doors and ceramic tile bathrooms.
Exterior - full brick exterior, full concrete block foundation, composition shingle roof with aluminum rain spouts, wood windows.
The property is in fee simple and sold free and clear of liens.
Published annual real estate taxes are $4,274.86, based on a full value assessment of $319,533.
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: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $15,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier's check to be delivered to the Auctioneer's office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within by Monday, August 17, 2020 at 12 p.m. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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 contract 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:
Estate of Jean J. Serba