Absolute Auction Above $159,000 "Towson - Loch Raven Manor" Two Story Townhome

 ABSOLUTE 
REMAINDERMAN'S AUCTION
To the Highest Bidder Above $159,000
                                                    
TOWSON - "Loch Raven Manor"

3 Bedroom  1.5 Bath
TWO STORY TOWNHOME

Sale On Premises
1506 DELLSWAY ROAD
Joppa Road to Drumwood Road south to Dellsway Road
Baltimore County, MD 21286

THURSDAY, FEBRUARY 17, 2011
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.

1506 Dellsway Road is located in the Loch Raven Manor neighborhood of Towson, in central Baltimore County.  Loch Raven Manor is situated south of E. Joppa Road, west of Loch Raven Boulevard and east of Goucher Boulevard.  The neighborhood is comprised of a mixture of townhomes and detached homes, built during the late 1950s and early 1960s.  Neighborhood homes have generally been well maintained and some homeowners have continued to renovate and improve their properties. 

Loch Raven Manor is within walking distance of shopping centers,  restaurants, service facilities and entertainment venues.  The Baltimore Beltway (I-695) about one mile north, providing easy access to employment centers throughout the Baltimore area.

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

According to the BCPS web site, nearby public schools are Pleasant Plains Elementary, Loch Raven Technical Academy and Loch Raven High.  Private Calvert Hall College High School is just west of the neighborhood.

In 2010, property sales prices in Loch Raven Manor ranged from $200,000 to $275,000.  This property will be sold to the highest bidder above $159,000.

List of Loch Raven Manor 2010 Comparable Sales (pdf)

Rectangular lot - 20' x 118'

Zoning DR 10.5, residential

All public utilities

Fenced rear yard with storage shed

Concrete parking pad

SUBDIVISION PLAT (pdf)

Two story, inside-group, open porchfront, brick townhome - according to public tax records, the home was constructed in 1959 and contains 1,280 square feet of living area and 640 square feet of basement space.

Exterior

All brick facade

Composition shingle roof - aluminum rain gutters and downspouts

Full concrete block foundation

Vinyl-clad double-hung replacement windows

First Floor

• Foyer
   
• Living Room - carpeting over wood floor
  
   
• Dining Room - carpeting over wood floor, brass chandelier
  
   
• Eat-in Kitchen - updated oak cabinets, vinyl floor, GE electric rangetop, oven, dishwasher, Sanyo microwave, Admiral refrigerator/freezer
  

Second Floor

• Bedroom #1 - carpeting over wood floor, ceiling fan
  
   
• Bedroom #2 - wood floor, ceiling fan
  
   
• Bedroom #3 - wood floor
  
   
• Pull-down attic

Basement

• Family Room - vinyl floor, bar
• Laundry Room - outside exit, washer and dryer, utility sink
• Half-Bath

Mechanical

Carrier gas forced air heat and central air conditioning

100-ampere electrical service

Gas, 40-gallon water heater

The home appears to be well maintained and needs some decorating and minor cosmetic repairs.

Published 2010 real estate taxes were $3,016, based on the full value tax assessment of $223,700.  Note - If any real property is transferred after January 1 and before the beginning of the next taxable year to a new owner, the new owner my submit a written appeal as to a value or classification on or before 60 days after the date of the transfer.

The property is sold free and clear of all liens, subject to an annual $120 ground rent, payable semi-annually on the 17th days of February and August.  Deed Liber 7044, folio 711.

From 1:15 p.m. on the day of sale or by appointment.

A $10,000 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.  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, ground rent, 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.  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.  Time is of the essence.
         

No buyer's premium.

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

Call for pre-qualification:

Mr. Craig Kessler
Freedmont Mortgage Funding
50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
craig@greatloanofficer.com