"Edgemere - Sparrows Point"

Live Auction Bidders – a $20,000 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 by 12:00 Noon, Monday, June 3, 2024, at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $20,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement

A 6% buyer’s premium will be applied to the final bid price. 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
– Opening Bid: $125,000 –

EDGEMERE/
SPARROWS POINT

BACK RIVER
WATERFRONT HOME
0.49± Acre ✦ 3 Bedrooms ✦ 1 Bath

Sale On Premises
7607 CHESAPEAKE AVENUE
Off North Point Road
Baltimore County, Maryland 21219

Online Bidding Opens
WEDNESDAY, MAY 29, 2024

Live On-Site Auction
FRIDAY, MAY 31, 2024
AT 12:00 NOON

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:
7607 Chesapeake Avenue is located in the Sparrows Point area of southeastern Baltimore County. Nestled on the western shores of the Back River, the site presents a secluded and tranquil waterfront setting. Sparrows Point was once the home of a large Bethlehem Steel plant. The area has since been redeveloped into a bustling waterfront community anchored by the Tradepoint Atlantic marine, rail and land terminal. There is a sense of pride amongst the residents of Sparrows Point, with neighborhoods hosting festivals, block parties and many more community engaging events. Nearby on North Point Road, there are several restaurants, grocery stores, entertainment and retail options available. There are several marinas where residents can dock their boats. Waterfront restaurants and bars are plentiful. The area is also home to North Point State Park, a 1,300 acre park with scenic views and miles of trails that can excite any nature lover. While close to large natural features and the shores of the Back River, the home site is only 15 minutes from Baltimore City and there are major highways like I-695 nearby. According to the Baltimore County public school’s locator, the area schools include Chesapeake Terrace Elementary School, Sparrows Point Middle School and Sparrows Point High School.

Sparrows Point is a place of contrasts, where the echoes of the past mingle with the promise of the future. Whether you’re drawn to its industrial history, its natural beauty, or its vibrant community spirit, Sparrows Point offers something for everyone.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Baltimore County My Neighborhood – bcgis.baltimorecountymd.gov
Sparrows Point – millstories.umbc.edu
North Point State Park – dnr.maryland.gov

SITE:
Sale is comprised of two lots. One lot fronts on the back river while the other lot is across the street. Plat

Lot 1 – Baltimore County Tax ID 1511670331: 0.16 ± Acre, known as lot 6
Lot 2 – Baltimore County Tax ID 1511670330: 0.326 ± Acre, known as lot 13

Lot 1 has approximately 40′ of frontage on the Back River and approximately 61′ along Chesapeake Avenue. The lot is mostly level.

Lot 2 has approximately 37′ of road frontage on Chesapeake Avenue and approximately 250′ of depth.

There is concrete riprap on the waterfront.

According to the Baltimore County Flood Zone Map, the home is in an AE (EL 6 Feet) flood zone

According to the NOAA Chart 12273 – www.charts.noaa.gov, the water depth is believed to be 2′-5′ at mean low water.

IMPROVEMENTS:
One story frame home – constructed in 1934 and containing 740 square feet of living area with no basement, according to tax records. The home contains three bedrooms, bathroom, living area and kitchen. Utilities in the property include 100 amp electrical circuit, central air conditioning, electric heat pump and a 58 gallon electric water heater.

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

TAXES:
Lot 1 – Baltimore County Tax ID 1511670331: Published annual real estate taxes are $3,636.50 based on a full value assessment of $355,700.

Lot 2 – Baltimore County Tax ID 1511670330: Published annual real estate taxes are $42.

Note: If any real property is transferred after January 1 and before the beginning of the next taxable year to a new owner, the new owner may submit a written appeal as to a value or classification on or before 60 days after the date of the transfer.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – a $20,000 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 by 12:00 Noon, Monday, June 3, 2024, at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $20,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement

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, ground rent and 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 6% buyer’s premium will be applied to the final bid price.

Sale Conducted in Collaboration with
The Balcerzak Group of
AB & Co. Realtors