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"Olney" Attractive Two Story Townhome with Garage (Sale price includes prior mortgage)


Listing Details

Sold Price
Auction Date
Auction Time
11:00 AM
18502 Oxfordshire Terrace, Montgomery County, MD, 20832
Montgomery County
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Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, Md. 21117



Olney, Montgomery Co., Md. 20832

AT 11:00 A.M.

For directions from your location, visit: MAPQUEST  

Under and by virtue of the power of sale contained in a certain Deed of Trust from Ji Y. Kim,  to Trustees, dated April 4, 2005,  and recorded among the Land Record of Montgomery County, Md., in Liber 30099, Folio 260,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz, as Substitute Trustee, default having occurred thereunder, the undersigned Substitute Trustee, will sell at Public Auction the following:

All that fee simple parcel of ground situate and lying in Montgomery County, Md., and being more fully described in the aforementioned Deed of Trust.

The property is improved by a 2 story contemporary town home which was the former model for the development containing entry foyer, powder room, living room, dining room, kitchen with island, breakfast room , family room with gas fireplace on the 1st floor; master bedroom suite with gas fireplace and bathroom with soaking tub, shower and walk in closet, 2 other bedrooms and bath on the 2nd floor.  Basement is at ground with walk out and is fully finished with gas fireplace and powder room. Brick patio. Gas heat.  Central air conditioning.  Lot comprises 1760 square feet, more or less. In Fee Simple.

The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is made as to the accuracy of this information.

The property will be sold subject to a prior mortgage, the exact amount will be announced at the time and place of sale.


Location Drawing (PDF) 


    TERMS OF SALE:  A deposit by certified check or cashier's check of $15,000 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Montgomery County  at the offices of the Substitute Trustee.  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 stated in the Deed of Trust Note  from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes,  and all other public charges and assessments payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. The property will be sold subject to the Condominium Declarations and By Laws of the existing Homeowners Association (Norbeck Grove or Banrsley Manor Estates Association- Quarterly fees are reported to be $271.00 per quarter).  Purchaser shall be responsible for obtaining physical possession of the property.  If the Substitute Trustee 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 Substitute Trustee, Noteholder or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.  Risk of loss on the purchaser from date of sale.

                         No Buyer's Premium

                        Ronald B. Katz, Substitute Trustee