REAL ESTATE AUCTION
UPPERCO - BORING
LARGE RANCH HOME
- On 2.55 Acres -
Suggested Opening Bid: $195,000
(Assessed for over $360,000)
Sale on Premises
14625 HANOVER PIKE
(a/k/a 14625 Hanover Road)
Near Frye Road
Baltimore County, Maryland 21155
THURSDAY, JUNE 30, 2011
AT 2:00 P.M.
THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS. DIMENSIONS AND SQUARE FOOTAGE CONTAINED HEREIN ARE MORE OR LESS.
The property is located in northwest Baltimore County in Upperco, about four miles north of Historic Reisterstown and Glyndon. Boring, a small historic village along the Western Maryland Railroad, is a short distance to the east. The area is largely agriculturally oriented, with rolling pastures and scenic vistas all around. Area homes vary with size and style, and are typically well maintained with large lots. Access to major employment centers is good, with Hampstead directly north on Hanover Pike (Solo Cup, Black & Decker and Jos. A. Bank), Westminster to the northwest via Maryland Route 140, Reisterstown to the south, and Owings Mills and Baltimore accessible via I-795 (about four miles south). Shopping and entertainment is available in both Reisterstown and Westminster. Please see the Baltimore County Public Schools website for area schools.
For directions from your location, visit: maps.google.com
The lot encompasses 111,078 square feet, or 2.55 acres, according to public tax records. The front of the lot is a gradually sloping field. The property immediately around the home is well landscaped with mature trees and shrubs, and features a terraced rear garden with planting beds and hardscape patio.
Curved asphalt paved driveway with parking area for 4-5 cars.
Private well and septic.
Stone and vinyl sided ranch home contains 2,462 finished square feet above grade, and a 2,462 square foot partially finished basement, according to public tax records. Features include hardwood and ceramic tile floors, vinyl double-pane windows, updated appliances, updated baths, two fireplaces, oil forced air heat, CAC (electric) and 80 gallon electric water heater. The home contains two interior staircases and may be suitable for use as a primary residence with an in-law suite or separate office space. The property is arranged as follows:
Lower Level (Basement):
RC 2, rural conservation
Published real estate taxes for the 2010 tax year were $4,459 ($4,429 plus a $30 special assessment), based on a full value assessment of $365,400. New purchasers may appeal the tax assessment based on a purchase price less than the assessed value.
In fee simple; sold free and clear of all liens
By appointment and 1:00 p.m. on the day of the auction.
Deposit payable by certified or cashier's check of $10,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. 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. 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. Purchaser assumes risk of loss from the date of sale forward. 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.
NO BUYERS PREMIUM!
Broker participation is invited.
BROKER REGISTRATION FORM (pdf)
Call for pre-qualification and financing options:
Mr. Craig Kessler
Freedmont Mortgage Funding
50 Scott Adam Road
Hunt Valley, Maryland 21030
For all other information please call 410-296-8440
OR EMAIL firstname.lastname@example.org