Absolute Over $5,000 - "Dundalk"

ABSOLUTE REAL ESTATE AUCTION
– To The Highest Bidder Over $5,000 –

0.11± ACRE
COMMERCIAL PARCEL

Sale On Premises
311 SOLLERS POINT ROAD
Corner Turner Avenue
Tax ID:12-18-036390
Baltimore County, MD 21222

THURSDAY, APRIL 26, 2018
AT 11:30 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:
311 Sollers Point Road is located in the Dundalk area of southeast Baltimore County. Sollers Point Road is a significant thoroughfare in the area, running from Holabird Avenue to Main Street, just shy of Broening Highway. According to State Highway Administration GIS Traffic Count Map, approximately 5,374 cars per weekday travel along this segment of Sollers Point Road. Surrounding properties include the Sollers Point Branch of the Baltimore County Public Library, a convenience store, automotive building, restaurant, religious building, apartment complex and neighborhood homes.

For more information about the area, please visit:
https://www.baltimorecountymd.gov/
http://bcgis.baltimorecountymd.gov/myneighborhood/
http://www.unexpecteddundalk.com/
http://www.dundalkeagle.com/
http://www.dundalkusa.org/

For more information about traffic statistics nearby, please visit:
http://www.roads.maryland.gov/index.aspx?PageId=838

SITE:
Level, mostly clear lot comprising 4,838 square feet, or 0.11 acre, more or less

Fronts approximately 51.5′ on Sollers Point Road, and 121.75′ on Turner Avenue

Known as Baltimore County Tax ID: 12-18-036390

Lots 7 & 8 as shown on the Plat entitled “Turner Park,” recorded in Plat Book WPC 5, folio 82

Zoned BL – Business Local
For more information, please see:
Baltimore County Zoning: https://www.baltimorecountymd.gov/Agencies/planning/zoning/

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

TAXES:
Published annual real estate taxes are $179.38 based on a full value assessment of $14,800.

TERMS OF SALE:
A $2,500 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 at the Auctioneer’s office. 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. 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!