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Rescheduled Due to Buyer Default
Chester H. Hobbs, IV, Esquire
Bodie, Dolina, Hobbs, Friddell & Grenzer, P.C.
305 Washington Avenue, Suite 300
Towson, Maryland 21204
ONLINE ESTATE AUCTION
To the Highest Bidder Above $5,000
28,070± SF ◆ Zoned BL
Lot 6-8, Tax Map 91
Situated on the South Side of
Between 3217 & 3229 Eastern Boulevard
Baltimore County, Maryland 21220
MONDAY, APRIL 5, 2021
THURSDAY, APRIL 8, 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.
The property is situated in eastern Baltimore County, east of Martin State Airport and west of Bowley’s Quarters, opposite a newly constructed Self Storage Plus facility. Bengies Drive-in Theatre is just east of the site, as is a large Royal Farms store. Housing in the surrounding area includes manufactured home parks, garden apartments, single family homes and larger waterfront properties. The site is within five minutes of MD-700, leading to US-40 and I-95, and MD-702,which leads to the Baltimore Beltway (I-695). Eastern Boulevard (also know as Eastern Avenue) is MD-150 and comprises the community commercial district.
The property is know as Lots 6, 7 and 8, Eastern Manor, as per plat thereof, recorded among the Land Records of Baltimore County in Plat Book JWB No. 14, Page 22.
The three contiguous lots are sold as an entirety and front approximately 210′ along the south side of Eastern Boulevard (Avenue), by a depth of approximately 134′, comprising 28,070 square feet or 0.64 acre of land.
The majority of the site is zoned BL, business local. A very small portion in the rear (south) is zoned DR-16, residential and a small portion on the east is zoned BLR, business local restricted.
Public utilities are in surrounding properties and are believed to be available.
The property is fairly level, partially wooded and partially clear. A small stream bisects a portion of the site.
The auction property is shown on three separate tax bills. Published annual taxes are $722/lot, $2,166 total, based on full value tax assessments of $59,600/lot or $178,800 total.
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.
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book 11603, Page 251.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), payable by cashier’s check or wire payment, 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, 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 sale 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.
Chester H. Hobbs, IV, Personal Representative of the Estate of Maria Corsaro