Azrael, Franz, Schwab & Lipowitz, LLC, Attorneys
101 E. Chesapeake Avenue, 5th Floor
Towson, MD 21286
ABSOLUTE ESTATE AUCTION
"Pencil Forest" - Near Sagamore Farm
◆ Exceptionally Private ◆
8,365 Square Feet± ◆ On 16.40 Acres
Previously Sold for $2,250,000
Sale On Premises
12600 BONITA AVENUE
South of Worthington Avenue
Baltimore County, MD 21117
THURSDAY, SEPTEMBER 6, 2012
AT 2:00 P.M.
Pursuant to an Order of the Orphans Court for Baltimore County, Maryland passed in the matter of The Estate of Jeffrey B. Franz, Estate No. 135960, the undersigned will sell at Public Auction on the premises the following:
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.
12600 Bonita Avenue is situated in northwestern Baltimore County between Reisterstown/Historic Glyndon and Owings Mills. Located in the majestic "Pencil Forest," the property is convenient to I-795, I-83 and Hunt Valley. The setting is less than one mile south of world famous Sagamore Farm, founded in 1925 by Isaac Emerson, inventor of Bromo Seltzer, and later owned by the Vanderbilt family. The thoroughbred horse farm has been lovingly restored by Kevin Plank, Chairman and CEO of Under Armour. Sagamore Farm is the centerpiece of Worthington Valley and home of recent Triple Crown and Breeder's Cup entries.
The auction property is located on a wooded hillside above the valley floor. Near the former site of the locally famous "Mushroom Farm", the property features a tree-lined entrance along a private pond and stream.
For directions from your location, visit: maps.google.com
16.401 Acres, fronting on Bonita Avenue and a private lane
Modern-Design Home, originally constructed in 1967. The home has been expanded and improved to contain approximately 8,365 square feet of living area, according to public tax records, plus basement and outbuilding. Most of the living area is on one level with an open floor plan and excellent flow. Each bedroom has an en-suite bath. Custom recessed lighting, quality hardware and trim are throughout the house. The home has five bedrooms, six full baths and two half-baths.
Cedar siding, composition shingle roof, wood casement windows
Oversized Two-Car Attached Garage
Storage Building, generator and propane storage
For a printable version of the property and auction details, see this: INFORMATION PACKAGE (pdf)
Please note: This 5.8MB file may take a moment to open.
Published real estate taxes for 2012 were $13,588.64.
The property is in fee simple and is sold free and clear of liens. Baltimore County Deed Liber 30288, folio 1.
The property may be inspected by appointment with the Auctioneers. Email firstname.lastname@example.org or phone 410-296-8440.
A $50,000 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, 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.
No buyer's premium.
Auction by order of:
Keith S. Franz, Personal Representative of the
Estate of Jeffrey B. Franz
Call for pre-qualification and financing options:
Mr. Craig Kessler
Freedmont Mortgage Funding
50 Scott Adam Road
Hunt Valley, Maryland 21030
For a list of additional auction-oriented lenders, see our Financing Page.
For all other information please call 410-296-8440
OR EMAIL email@example.com