– ATTORNEY-IN-FACT SALE –
Featuring Live & Online Simulcast Bidding
$200,000 Opening Bid
On 0.21± Acre – Dock – Ramp
904 OAKLEIGH BEACH ROAD
Baltimore County, MD 21222
Online Bidding Opens
MONDAY, APRIL 18, 2022
Live Auction Begins
WEDNESDAY, APRIL 20, 2022
AT 12:30 P.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.
904 Oakleigh Beach Road is located in the Oakleigh Beach community in the Dundalk area of eastern Baltimore County. The community, originally developed in the 1930s, comprises approximately 150 homes nestled between Oakleigh Cove and Wise Avenue. Roughly one-third of the homes are waterfront, facing the south side of the Cove, most of which have been expanded, renovated or newly constructed from what was originally built on the respective lots.
The location provides excellent convenience throughout the area, with good proximity to the Baltimore Beltway (I-695), North Point Boulevard and Merritt Boulevard. Each of the latter two thoroughfares also providing options for retail shopping and dining. Major employers nearby include those surrounding Sparrow’s Point and Tradepoint Atlantic, additional ports and marine terminals further north and west, as well as Downtown Baltimore. Sparrow’s Point Country Club is approximately one-quarter mile south.
Oakleigh Cove feeds out to Bear Creek, leading to the Patapsco River and Chesapeake Bay. Water depths in the cove, according to NOAA charts run between 2-8′ MLW. A number of marinas, waterfront restaurants, dock bars and maritime recreational opportunities are within a short ride. The auction affords an opportunity to purchase a waterfront property with a dock, and renovate or build-new to one’s own taste.
Lot size – 0.209 acre, more or less, according to public tax records
Known as lot number 42 on the plat of Oakleigh Beach recorded at Baltimore County Plat Book C.W.B. Jr. 12, page 46.
The lot fronts roughly 52′ on Oakleigh Cove, and 50′ on Oakleigh Beach Road, with depths of roughly 145′. Boat ramp (dirt) and dock are in place. The dock needs refurbishment. Some mature landscaping and front and rear yards. Outbuilding.
Mean low water is approximately 2-3′, according to the NOAA depth chart (number 12281) – charts.noaa.gov.
Public water and sewer
Zoning DR 5.5 residential
According to FEMA Flood Hazard Maps, the home is located in a “Zone X” area of minimal flood hazard. FEMA Flood Map – msc.fema.gov
One and one-half story bungalow – constructed in 1935, containing 1,287 square feet of living area, according to public tax records. Actual square footage may be larger with rear bump outs. The home is arranged as follows:
First floor –
Second floor –
The property is in fee simple and sold free and clear of liens.
Published annual real estate taxes are $3,694.75, based on a full value assessment of $259,300.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 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, will be required of the Purchaser by 4:00 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, ground rent and 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 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. 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!