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REAL ESTATE AUCTION
– Zoned ROA: Residential Office –
0.17± Acre Corner Lot ✦ 3 Car Garage
Sale On Premises
7619 BELAIR ROAD
Baltimore County, MD 21236
THURSDAY, FEBRUARY 23, 2017
AT 11:00 A.M.
– Suggested Opening Bid: $60,000 –
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.
7619 Belair Road is located in the Hawthorne subdivision in Nottingham, just north of the Baltimore City line. The property is located less than one-quarter mile from the Baltimore Beltway (I-695), opposite Belair Beltway Plaza and Belair Fowler Shopping Center. Nearby businesses include restaurants, banks, retail stores, medical facilities, a movie theater and numerous service businesses. The corner location offers ample visibility along Belair Road, which features a traffic count of over 38,000 cars per day, according to the Maryland State Highway Administration. The property is suitable for residential renovation or conversion to office use.
Lot – 7,200 square feet, or 0.17 acre, more or less
The lot fronts approximately 50′ on Belair Road, with a depth of 150′ along Cardwell Avenue
Curb cut on Cardwell Avenue
Detached three car masonry garage with pitched asphalt shingle roof
Zoning ROA, residential office, permits residential or office use
For more information about Baltimore County Zoning, please see:
All public utilities
Two story bungalow – the home was constructed in 1923, contains 1,294 square feet of living area and 672 square feet of basement space, according to public tax records. The home is arranged for 7 rooms, 2 baths and full basement. Needs renovation.
In fee simple; and sold free and clear of liens.
Published annual real estate taxes are $1,495.36 based on a full value assessment of $160,967. 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:
A $7,500 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. 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, 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 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.
NO BUYER’S PREMIUM!
Sale By Order of the Estate of Richard M. Osteen