"Owings Mills"

– CANCELED –
Sold Prior To The Auction

 REAL ESTATE AUCTION 

– $250,000 Suggested Opening Bid – 

 Outstanding Residential 
DEVELOPMENT SITE 
3.6 Acres± ◆ Zoned DR 3.5 
Public Utilities 

Sale On Premises 
16 ST. THOMAS LANE 
Off Garrison Forest Road 
Baltimore County, MD 21117 

– CANCELED –
Sold Prior To The Auction

WEDNESDAY, MAY 16, 2018 
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.

LOCATION:
16 St. Thomas Lane is situated in the Owings Mills area of northwestern Baltimore County. St. Thomas Lane is a tree-lined two-lane country road, leading from Reisterstown Road to historic St. Thomas Church. Though rural in appearance, the site is within walking distance of Foundry Row, a newly-constructed mixed-use development, featuring Wegman’s, multiple restaurants and shops and offices. Access to I-795 and the Metro Subway is about one mile west of the property. Nearby public schools are Woodholme Elementary, Pikesville Middle and Owings Mills High, according to the Baltimore County government web site. McDonogh School, Garrison Forest School and Stevenson University are nearby.

The auction presents a unique opportunity to purchase a substantial, undeveloped parcel in Owings Mills, which may be suitable for a large family estate or a single family home subdivision.

SITE:
Rectangular lot, fronting approximately 295′ along St. Thomas Lane by a depth of approximately 544′, comprising 3.6 acres of land. The site is fairly level and mostly clear. A gravel driveway leads from St. Thomas Lane to the rear of the property.

Zoning – DR 3.5, 3.5 dwelling units per acre
For more information, see the: Baltimore County Zoning Code

Utilities – public water, public sewer, electricity, cable television are in St. Thomas Lane

IMPROVEMENTS:
The property is improved by a circa 1901 two story frame home, which was substantially damaged by fire. A frame tenant house and barn are located on the northernmost portion of the site. An inground swimming pool is situated on the east side of the main home.

TITLE:
The property is in fee simple and will be sold free and clear of liens.

TAX INFORMATION:
Baltimore County Tax Account No. 04-0410025300, Map 58, Grid 22, Parcel 469. Published annual real estate taxes are $3,641, based on a full value assessment of $271,000.

TERMS OF SALE:
A $20,000 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. 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, WHERE IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, as well as existing zoning. 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.