REAL ESTATE AUCTION
SPANISH INSPIRED RANCH HOME
- On 0.17± Acre -
Sale On Premises
7101 OLD NORTH POINT ROAD
a/k/a 7101 North Point Road
Baltimore County, MD 21219
WEDNESDAY, MARCH 28, 2018
AT 1:30 P.M.
- SUGGESTED OPENING BID: $50,000 -
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.
The property is located in the Battle Park neighborhood of Edgemere, Maryland, nestled between North Point Boulevard, Old North Point Road, and Sparrows Point Road, in the southeast corner of Baltimore County, next to Dundalk and just south of Essex. The neighborhood was constructed in the early 1920's and is comprised of single family homes with modest yards, with the conveniences of nearby restaurants, shopping, and grocery store. This community has easy access to the 695 Beltway, and is walking distance to Edgemere Elementary School, and Sparrows Point High School according to bcps.org.
For more information about the area, please visit:
The lot fronts approximately 58.5' on Old North Point Road, with a depth of 126', comprising 7,366 square feet or 0.17 acre, more or less
All public utilities
Zoned DR-5.5 Residential
Tax ID: 1516000910
Spanish inspired stucco ranch home - built in 1924, containing 996 square feet of living area, 168 square feet of porch space and 996 square feet of basement area, according to public tax records. Partial siding facade on front of home.
Current annual real estate taxes are $2,753.64 based on a full value assessment of $130,900. 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:
In fee simple; and will be sold free and clear of liens.
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 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, ground rent, 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.
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