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Sale Price: $178,500
Exceptional opportunity to own a custom built, single family home situated on a lovely hilltop lot, conveniently located in Ellicott City.
The main level of the two-story brick-front colonial includes a large formal living room with fireplace, a formal dining room with fireplace, fully equipped eat-in kitchen, a powder room, a den and an enclosed porch.
The second level of the home includes four bedrooms, a full bathroom, a large deck accessible from one of the bedrooms and a bathroom rough-in located adjacent to the master bedroom.
The home's lower level includes a full, unfinished basement. The home is heated by a gas fired hot water radiant heating system
The dwelling is in poor condition and in need of renovation throughout. It does however, have enormous potential.
Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $10,000 is due at the time and place of sale. The difference to bring the deposit up to 10% of the purchase price is due within 3 business days after the sale in the auctioneer's office. Settlement is 45 days from the sale date. If payment of the balance of the purchase price is not paid within the specified period, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. The Purchaser will pay interest on the unpaid portion of the purchase price from date of sale to date of settlement at the rate of 10% per annum. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser, provided, however, that if the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Buyer's personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.
Click Here For The Full Sale Terms In PDF Format
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