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A $5,000 deposit, or 10% of the purchase price, whichever is greater, payable by wire transfer or cashier’s check, will be required of the purchaser by 3:00 p.m. on the day of the auction at the auctioneer’s office. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. A 10% buyer’s premium, subject to a minimum of $1,500, will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.
STEPHEN B. AWALT, PA, ATTORNEYS
210 W. Pennsylvania Avenue – Suite 400
Towson, MD 21204
To the Highest Bidder Above $5,000
5 – RESIDENTIAL LOTS
To Be Sold as an Entirety Only
Lots 1-5, Block 5, Plat 1
Situated at the End of
Baltimore County, MD 21207
Online Bidding Opens
MONDAY, JULY 10, 2023
Online Bidding Closes
THURSDAY, JULY 13, 2023
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 lots are situated in the Catonsville Manor subdivision of western Baltimore County, east of Johnnycake Road, north of Ingleside Avenue and south of I-70. Neighborhood housing is a mixture of detached single family homes and townhomes. The area is convenient to I-70 and I-695. Employment centers and shopping are nearby on US-40 and Security Boulevard. According to the Baltimore County government website, nearby public schools are Johnnycake Elementary, Southwest Academy Middle and Woodlawn High. Residential home sales in Catonsville Manor ranged from $73,000 to $383,000, according to Bright MLS.
Five contiguous lots, situated at the end of Kent Avenue east of Queen Anne Street.
Lot 1 – 25′ x 125′
Lot 2 – 20′ x 125′
Lot 3 – 20′ x 125′
Lot 4 – 20′ x 125′
Lot 5 – 20′ x 125′
Total lot size is 105′ x 125′ or 0.30 acre
Zoning DR 5.5, residential 5.5 units per acre
Public utilities are in the adjoining properties. The lots are wooded. Kent Avenue dead-ends at the site and is a paper street, as shown on the Subdivision Plat.
The lots are in fee simple and sold free and clear of liens. Baltimore County Deed Book EHK Jr. No. 6695, Page 189.
Published annual real estate taxes are as follows:
Tax ID 04010123154321 (Lots 1-2) – $638, based on the full value assessment of $52,600
Tax ID 04010123154320 (Lots 3-5) – $646, based on the full value assessment of $53,300
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchase price, whichever is greater, payable by wire transfer or cashier’s check, will be required of the purchaser by 3:00 p.m. on the day of the 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, 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. The purchaser waives and releases the Seller, their Attorneys, 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. 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. A 10% buyer’s premium, subject to a minimum of $1,500, will be added to the final bid price.