"Owings Mills"

REAL ESTATE AUCTION

3 RESIDENTIAL PARCELS
★ 1.87± ACRES ★
Zoned DR 3.5 – Development Potential

Sale on Premises
PLEASANT HILL ROAD
Adjoining 130 Pleasant Hill Road
Tax IDs: 04-0419009381,
04-0419009382 & 04-0419009383
Along Dolfield Boulevard
Baltimore County, MD 21117

TUESDAY, JANUARY 31, 2017
AT 2:00 P.M.

– Suggested Opening Bids: $15,000 Per Parcel –

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:
Pleasant Hill Road Tax IDs 04-0419009381, 04-0419009382 & 04-0419009383 are located along Pleasant Hill Road and Dolfield Boulevard in the Owings Mills area of Northwest Baltimore County. The properties are located a short distance west of Reisterstown Road, which offers ample shopping, dining and neighborhood services. I-795 is nearby, providing commuter access to employment centers throughout the Baltimore Beltway area. According to bcps.org, nearby schools are Owings Mills Elementary, Deer Park Middle and Owings Mills High.

The property is comprised of three adjoining parcels of land. Frontages are along Pleasant Hill Road, Dolfield Boulevard and Featherbed Lane. Surrounding homes are a mix of traditional homes on large lots, and newer single family home developments. The collection of properties can be purchased separately, or as an entirety, offering a variety of perspectives for both investors and home-buyers looking to construct a new home.

For more information about Baltimore County, please visit:
baltimorecountymd.gov
bcps.org
and
myneighborhood.baltimorecountymd.gov

SITE:
The site is comprised of three parcels, totaling 1.87± acres. The lot descriptions, which are approximate, and as based on reliable sources, are as follows:

Public water and sewer are believed to be at the site

Zoned DR 3.5 – Residential – 3.5 dwelling units/acre
For more information, please see Baltimore County Zoning Code.

NOTE: The sale comprises the entirety of the seller’s legal title to the property. There will be no price adjustment for any variance in acreage a survey or other lot size determination may reveal. No warranties are made with respect to access to a particular street, public utilities, environmental condition or development potential of the parcels. Purchasers are responsible for conducting their own due diligence in advance of the auction.

TAXES:
Published annual real estate taxes are:

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: 
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The parcels are in fee simple and sold free and clear of liens.

MANNER OF SALE:
The properties will be offered individually and the bids reserved. The three properties will then be offered as an entirety. The sale will be made in the manner producing the greater amount.

TERMS OF SALE:
A $2,500 deposit for each property, or $7,500 if sold as an entirety, 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 sale comprises the entirety of the seller’s legal title to the property. There will be no price adjustment for any variance in acreage a survey or other lot size determination may reveal. 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. No representations, express or implied, are made with respect to the use of the property, including but not limited to zoning code, area classification, area designation, permitted uses as of right, ancillary uses, special exceptions, use and occupancy or other Federal, State or County permits. 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!