Bob Van Galoubandi, Attorney
1777 Reisterstown Road, Suite 375
Baltimore, MD 21208
$500,000 Suggested Opening Bid
NEW WATERFRONT HOME
7 Bedrooms ◆ 7.5 Baths ◆ Garage Parking for 7
6,722± SF of Living Area
Plus 3,242 SF Lower Level ◆ 50′ Pier
Auction Held On-Site
1200 BURKE ROAD
Off Bowleys Quarters Road
Middle River, Baltimore County, MD 21220
WEDNESDAY, AUGUST 12, 2020
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.
Bowleys Quarters is a peninsula located in southeastern Baltimore County, surrounded by the Chesapeake Bay, Seneca Creek, Galloway Creek and Frog Mortar Creek. According to Wikipedia, “Bowleys Quarters was named for Daniel Bowley, a merchant and sea captain who owned some 2,000 acres around Baltimore in the mid-18th century. The area later became a game preserve for waterfowl and a place where presidents and others, including Babe Ruth, came to hunt ducks. The area eventually became known as a vacation spot, and many summer homes were built along the water.”
Housing in the community is a mixture of modest bungalows and larger custom waterfront homes. Bowleys Quarters is only ten minutes from the Baltimore Beltway (I-695), yet is vastly removed from the hustle and bustle of suburban sprawl. The community has nearby restaurants and marinas. Shopping and public services are a short drive away.
Nearby public schools are Seneca Elementary, Middle River Middle and Kenwood High, according to the Baltimore County government web site.
The auction presents an opportunity to purchase a substantially completed new waterfront home, in “the Land of Pleasant Living.” Catch crabs and fish from your pier, host a party for dozens of guests, or just lay back and enjoy the peaceful setting and waterfront vistas.
Level Lot comprises 1.19 acres of land, fronting approximately 100′ along the northern coast of Galloway Creek, with depths of 310′ x 232′ and approximately 300′ of frontage along Burke Road.
Zoning RC-5, resource conservation residential
Galloway Creek leads to the Chesapeake Bay. Water depths in the creek vary from 3′ to 6′ MLW.
NOAA Depth Chart
Utilities – public water, sanitary sewer, electricity, propane gas
50′ wooden pier, partial seawall, mature trees, open waterfront vistas
Substantially completed new home, started in 2017, comprising 6,722 square feet of living area above grade and 3,242 square feet below grade (walkout at grade in rear), according to public tax records. Architectural plans will be provided to the purchaser.
Two Story Stucco Mediterranean-Inspired Home features entry rotunda with ornate balustrade, travertine tile floor and two staircases, 6 covered rear porches, stacked stone and concrete block basement foundation, vinyl-clad casement windows, architectural shingle roof, aluminum rainspouts and two front-to-back built-in garages.
Fine finishes, including murals, faux painted walls, architectural mouldings and trim, walnut wood flooring, 10′ ceilings, soaring two story entry foyer with travertine tile and large guest closet. House is equipped for elevator, has numerous ceiling fans and wiring for custom light fixtures.
Fujitsu zoned electric heat pump and central air conditioning systems
Fire suppression and alarm system
500-ampere electrical panels
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 42187, Page 425.
Published annual real estate taxes are $15,324.23, based on a full value assessment of $1,114,300.
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: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $50,000 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 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, WHERE 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. 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.
No buyer’s premium.