"Essex"

 REAL ESTATE AUCTION 

– $100,000 Suggested Opening Bid –

Two Story, Corner
COMMERCIAL BUILDING
Office and/or Apartments
1,696± SF ◆ On-Site Parking
Zoned BL-CCC

Sale On Premises
13 MARGARET AVENUE
Corner Maryland Avenue
Baltimore County, MD 21221

WEDNESDAY, JUNE 28, 2017
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:
13 Margaret Avenue is located in the Essex area of eastern Baltimore County, east of I-695 and west of Route 702. The property is situated one block south of Eastern Boulevard (MD-150) in the community business district. Surrounding properties are a mixture of office, retail and residential land uses.

SITE:
The property is located at the northeast corner of Margaret and Maryland Avenues, fronting 50′ along Margaret Avenue and 150′ along Maryland Avenue, comprising 7,500 square feet or 0.17 acre of land. Lot is fairly level.

Paved asphalt parking lot for about ten vehicles has access from both roadways.

All public utilities.

Zoning is BL-CCC, business local, permitting a wide variety of uses, including retail, office, service, bank, tavern, food store and medical clinic.
For more information, see the: Baltimore County Zoning Code.

IMPROVEMENTS:
Two Story Masonry Freestanding Building, comprising approximately 1,696 square feet of gross building area, according to public tax records, plus full basement. The building is currently used as a first floor office with apartment above and will be delivered vacant at settlement.

Exterior
Concrete block construction
Vinyl-clad double-hung windows
Built-up roof
Covered and open front entry porch
Vinyl trim

First Floor
Reception area – carpeting
Conference room – carpeting, vinyl floor
Private Office – carpeting
Kitchen – vinyl floor
Full Bathroom – vinyl floor

Second Floor
Living Room – carpeting
Kitchen – vinyl floor
2 Bedrooms – carpeting
Full Bath – vinyl

Basement
Unfinished, outside exit

Mechanical
Gas, hot water heat
Supplemental electric baseboard heat on second floor
Gas, 40-gallon water heater
2 – Electric Meters with 100 amp. service

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Liber 26618, Page 535.

TAXES:
Published annual real estate taxes are $2,288.55, based on a full value assessment of $147,700.

TERMS OF SALE:
A $10,000 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 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 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.