"Lutherville"

Live Auction Bidders – a $10,000 deposit, payable by 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. (wire or cashier’s check).

Online Auction Bidders – a $10,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4 p.m. on January 31, 2024 (the auction day).

No Buyer’s Premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Featuring Live & Simulcast Online Bidding
Starting Bid: $50,000

LUTHERVILLE

TRADITIONAL HOME
ON 0.25± ACRE
– Raze or Rehabilitate –

Sale On Premises:
124 LINCOLN AVENUE
Near Bellona Avenue
Lutherville-Timonium, Baltimore County, MD 21093

Online Bidding Opens
MONDAY, JANUARY 29, 2024

Live Onsite Auction Begins
WEDNESDAY, JANUARY 31, 2024
AT 11:00 A.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.

LOCATION:
124 Lincoln Avenue is located in the Lutherville area of Baltimore County. Lutherville is an historic community, having been established as the first incorporated town in Baltimore County, according to the Maryland Historical Trust. Abraham Lincoln is believed to have stayed the night at a nearby home known as ‘Corkran House,’ a fact that may have given the street its current name.

Lutherville is among the most well demanded areas in Baltimore County. Proximity to major employers is excellent, including the Baltimore County Government, Towson University and Greater Baltimore Medical Center. The property is within one mile of both the Baltimore Beltway (I-695) and I-83. Bellona Avenue, Charles Street and York Road are immediately accessible, providing robust retail and dining options. According to the Baltimore County Public Schools website, nearby schools are Lutherville Laboratory Elementary, Ridgely Middle and Towson High. A number of private and religious schools are also nearby.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
My Neighborhood – bcgis.baltimorecountymd.gov
Baltimore County Public Schools – bcps.org
MEDUSA, MD Historical Trust – apps.mht.maryland.gov

SITE:
Lot size – 0.255 acre, more or less

The lot is mostly clear with some mature trees. Asphalt driveway. Being sold subject to a right of way further described in prior deeds, providing access to 126 Lincoln Avenue.

Believed to be serviced by public water and sewer

Zoned DR 5.5 Residential

SDAT Map

Zoning Map

IMPROVEMENTS:
Two story frame home – constructed in 1913 and containing 952 square feet of living area, according to public tax records. The home requires comprehensive renovation.

TITLE:
In fee simple; sold free and clear of all liens.

TAXES:
Current annual real estate taxes are $2,313.25, based on a full value tax assessment of $152,633.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 deposit, payable by 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. (wire or cashier’s check).

Online Auction Bidders – a $10,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4 p.m. on January 31, 2024 (the auction day).

Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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 contract 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. The Property is being sold subject to a right-of-way providing access to 126 Lincoln Avenue. 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!