Zoned BL & DR 5.5 – Ranch Home
407 S. MARLYN AVENUE
a/k/a 407 Marlyn Avenue
Essex, Baltimore County, MD 21221
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.
407 S. Marlyn Avenue is located in the Essex area of eastern Baltimore County. The property is well-positioned along Marlyn Avenue, a mostly commercial thoroughfare connecting Eastern Boulevard to a number of residential communities clustered around the Back River and its tributaries. Other properties along Marlyn Avenue include retail storefronts, restaurants, automotive businesses, offices, religious facilities, private clubs, single family homes and apartment buildings. The location is easily accessible from the Baltimore Beltway (I-695) and Southeast Boulevard (MD-702), both via Eastern Boulevard. Exposure at the site is good, with MDOT reporting 12,362 cars per day (AADT) in front of the property. The property comprises a well-sized parcel with a mix of zoning, providing opportunities for development of various types. The property is located within an Opportunity Zone, providing an array of incentives for property and business owners.
For more information about the area and businesses, please visit:
Baltimore County Government – www.baltimorecountymd.gov
For more information about Opportunity Zones, please visit:
Opportunity Zones – dhcd.maryland.gov
Lot size – 2.82 acres, according to public tax records, and 2.84 acres according to deed records.
The lot is relatively level, with a clear portion at the front and wooded at the rear. The lot fronts approximately 100′ on Marlyn Avenue. Curb cut and gravel driveway coming from Marlyn Avenue.
Public water and sewer are believed to be on-site, and are in surrounding properties.
According to the Baltimore County MyNeighborhood GIS, the property is zoned BL – Business Local and DR 5.5 Residential, with further detail below.
BL – Business Local –
DR 5.5 – Residential –
The property is within the Martin State Airport Zoning area.
Please contact Baltimore County Zoning for further details regarding prospective property use.
Baltimore County Zoning – www.baltimorecountymd.gov
Permit Processing & Development Reports
Ranch home containing 1,296 square feet of living area, and is in need of razing or comprehensive rehabilitation..
The property is currently rented for parking to individual tenants on a “handshake” basis. Some of whom are adjoining property owners. Total revenue is estimated to be $1,500/month. Property can be delivered fully vacant at closing at Purchaser request.
Published annual real estate taxes are $1,785.08, based on a full value assessment of $112,033.
In fee simple; sold free and clear of liens.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $20,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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, 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 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 5% buyer’s premium will be added to the final bid price.