Featuring Onsite & Online Simulcast Bidding
$250,000 Opening Bid
★ HIGH VISIBILITY ★
2.39± Acres ◆ Zoned BL ◆ 2 Houses
12529-12531 EASTERN AVENUE
Adjacent to Royal Farms
Chase/Middle River, MD 21220
Online Bidding Opens
FRIDAY, APRIL 29, 2022
Online Bidding Closes
TUESDAY, MAY 3, 2022
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.
The property is located on the south side of Eastern Avenue (MD-150), just west of Ebenezer Road, in the Chase area of eastern Baltimore County. The surrounding area is a mixture of commercial and residential land uses. The auction site is adjacent to a Royal Farms store and filling station and opposite Chase Shopping Center. The property is convenient to MD-43, US-40, MD-702 and I-695. Martin State Airport, Gunpowder Falls State Park, the Marshy Point Nature Center, the Gunpowder River and Dundee Creek are nearby.
The assemblage is ideal for commercial development and/or renovation of the existing structures for office or residential use.
12529 Eastern Avenue – one and one-half story frame covered porchfront bungalow, containing living room, dining room, kitchen, bedroom and bath, on the first floor; two bedrooms and bath on the second; basement; screened porch; electric baseboard heat; concrete block two-car garage and shop building. The property is rented for $1,000 per month on a month-to-month basis.
12531 Eastern Avenue – one and one-half story vinyl sided bungalow, containing a living room, dining room, kitchen, two bedrooms and bath, on the first floor; large room and bath, on the second; basement with outside exit; oil hot water heat; wood floors; 200-amp. electric. Vacant. The home needs updating and cosmetic repairs.
The properties are in fee simple and sold free and clear of liens. Baltimore County Deed Book JLE 31386, Page 452.
PUBLISHED TAX INFORMATION:
|Address||Lot Size||Full Value
|12529 Eastern Avenue
Account No. 1512201040
|1.04 acres||$ 213,567||$ 3,178|
|12531 Eastern Avenue
Account No. 1519512990
|6′ Strip adjacent to 12529
Account No. 1512201041
|Total||2.39 acres||$ 380,500||$ 5,532|
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A $25,000 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 is due by 4:00 p.m. on the day of auction.
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 rent, 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, and subject to the right of the tenant in possession of 12529 Eastern Avenue. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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.