"Catonsville"

Featuring Live & Online Simulcast Bidding
– $100,000 Opening Bid –

MIXED-USE PROPERTY
House ✦ Garage ✦ 0.15± Acre
– Zoned BL – Business Local –

Known As
612 OLD EDMONDSON AVENUE
Tax IDs: 01-0116000720 and 01-0116000721
Catonsville, Baltimore County, MD 21228

Online Bidding Opens
FRIDAY, OCTOBER 15, 2021

Live Onsite Auction
WEDNESDAY, OCTOBER 20, 2021
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:
612 Old Edmondson Avenue is located in Catonsville in western Baltimore County. The property fronts on Edmondson Avenue, between Ingleside Avenue and the Baltimore Beltway (I-695). The location provides excellent convenience to both homeowners and businesses alike. The site provides good exposure along Edmondson Avenue, with excellent access to consumers, for those looking to operate a business at the location. Restaurants, retail and entertainment are in abundance in the proximate area, including along Edmondson Avenue, Ingleside Avenue and Frederick Road. Major employers include UMBC and the Social Security Administration, as well as those easily accessible via the Baltimore Beltway, I-95, I-70 and other local commuter routes. According to the Baltimore County Public Schools school boundary map, nearby schools are Hillcrest Elementary, Catonsville Middle and Catonsville High.

For more information about the area, please visit:
Catonsville – www.visitmaryland.org
Catonsville – www.catonsville.org
Catonsville – www.niche.com
Baltimore County Public Schools Boundary Lookup – www.arcgis.com

SITE:
Two lots comprising a total of 6,488 square feet, or 0.15 acre, more or less

The lots front approximately 30′ on Edmondson Avenue. Curb cut. Asphalt driveway and parking area with access to rear detached garage.

All public utilities

ZONING:
BL – Business Local-small scale commercial.

According to the Baltimore County Citizen’s Guide to Zoning:

“Typical Uses Permitted by Right: Retail sales, personal services, restaurant, bank, office, tavern, food store, medical clinic.”

“Typical Uses Permitted by Special Exception: Arcade, car wash, service garage, hotel/motel, funeral establishment, golf course, driving range, animal boarding place Class A, theater, retail business in a structure more than 80,000 square feet meeting certain conditions.”

For more information about Baltimore County zoning, please visit:
What is Zoning? – www.baltimorecountymd.gov

Zoning Map

IMPROVEMENTS:
The property is improved by a two story traditional home, detached two car garage and storage sheds. According to public tax records, the home was constructed in 1931 and contains 1,144 square feet of living area plus basement. The home is in need of full renovation. The garage and storage buildings are at the rear of the property.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Annual taxes are as stated below

Tax ID 0116000720: $3,305.28 based on a full value assessment of $236,400
Tax ID 0116000721: $793.86 based on a full value assessment of $65,500

Total: $4,099.14 based on a full value assessment of $301,900

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.
Live Auction Bidders – a $10,000 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.

Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction, 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, 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. 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!