Use Mobile?

"Bel Air" Popular

95.437 +/- Acre Farm
Two Story Colonial Home
Tenant Houses, 3 Barns
17977.jpg

Listing Details

Sold Price
$750,000
Auction Date
Wednesday,
Auction Time
2:00 PM
Address
1301 Thomas Run Road, Bel Air, MD, 21015
County
Harford County
Neighborhood
Bel Air
Terms Of Sale
A $50,000 deposit, payable by cashier's check, will be required of the purchaser at time and place of sale. No buyer's premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract:
Showing and Inspection
The property will be open 2 hours prior to the auction.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos and more.

Additional Photos

Use Mobile?
17978.jpg
17978.jpg
17979.jpg
17980.jpg
17981.jpg
17982.jpg
17983.jpg
17984.jpg
17985.jpg
17986.png
17977.jpg

 

John C. Heisler, Attorney
Heisler, Williams & Lazzaro, LLC
102 W. Pennsylvania Avenue, Suite 200
Towson, Maryland 21204

 ESTATE AUCTION 

$400,000 Suggested Opening Bid

BEL AIR

95.437± ACRE FARM
Two Story Colonial Home
Tenant Houses ◆ 3 Barns

Sale On Premises
1301 THOMAS RUN ROAD
Harford County, MD 21015

WEDNESDAY, OCTOBER 16, 2019
AT 2:00 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.

LOCATION:
1301 Thomas Run Road is located in eastern Harford County, northeast of Downtown Bel Air. The farm is situated south of US-1, north of I-95 and about one mile north of Harford Community College. The setting is rural and scenic, yet convenient to major highways. Nearby public schools are Churchville Elementary, Southampton Middle and C. Milton Wright High.

SITE:
The property comprises 95.437 acres of land, according to public tax records.

According to the property owner, there are two wells and a septic system on the property. Repairs may be required.

The property is rolling and about 50% tillable. The balance is wooded. A stream traverses the eastern portion of the site.

The property has an asphalt paved driveway leading from the roadway to the outbuildings and tenant houses. A circular drive fronts the two story colonial home and leads to a garage in the rear. A large portion of the area surrounding the barns is concrete paved.

Link for Harford County Soils Map:
https://harfordcountyhealth.com/harford-soil-map

Zoning: AG, Agricultural

IMPROVEMENTS:

Two Story Colonial Home
Exterior - brick construction, slate roof, covered side porch with balcony above, covered entry porch, full basement foundation

Interior - plaster walls, wood floors

First Floor - foyer, living room with brick fireplace and door to side porch, dining room, kitchen with white wood cabinets, Coria counters, work island, ceiling fan, stainless steel appliance - electric range/oven, refrigerator, dishwasher, microwave, half-bath with ceramic tile floor

Second Floor - master bedroom with walk-in closet and en-suite shower bath, bedroom #2, bedroom #3, linen closet, full ceramic tile hall bath

Basement - partly finished, tile floor, recreation area with outside exit and laundry/utility room

Mechanical - oil, hot water baseboard heat (furnace new 2018), electric water heater (2018), 200 amp. electrical service

Detached brick two-car garage with wraparound concrete porch

Exclusions
Kitchen appliances
Refrigerator in garage
Foyer bath mirror, lighting and toilet paper holder
Master bathroom mirror and toilet paper holder
Closet organizers
Two light fixtures in foyer
Barn Door fronting powder room
Any and all farm equipment, personal property, tools and furnishings
Ceiling fans in master bedroom and kitchen will be removed
Dining room light fixture
Curtain rods
Stained glass inserts in front and rear door
Rear storm door

2 - Pole Barns

Storage Barn

Silo

Vinyl Siding Tenant House - one story, living room, kitchen, 2 bedrooms and bath, oil hot water heat

Two Story Farm House - in dilapidated condition

TAXES:
Published annual real estate taxes are $6,000, based on a full value assessment of $519,900. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The property is in fee simple and sold free and clear of liens. Harford County Deed Book 4037, Page 279.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $50,000 deposit, payable by 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. 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. 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 Auctioneers. Recordation costs, transfer taxes, including agricultural transfer tax, if applicable, 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.

Should the Purchaser obtain a survey prior to settlement (at Purchaser's expense) and find that the acreage is more or less than advertised, the purchase price will be adjusted on the basis of $5,000 per acre.

No buyer's premium.

Authority to cancel this sale rests solely with the Personal Representative and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding the property, minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale.

Auction by order of:
John C. Heisler, Personal Representative
of the Estate of Donald C. Eccleston

Mid-Atlantic Farm Credit is interested in financing the purchaser of the property and has several attractive mortgage programs.  For additional information contact Sherry Gentry, email SGentry@MAFC.com