"Pikesville - Old Court Gardens"

THREE RESIDENTIAL HOME SITES
2.9± Acres Total – Extensive Development Work Performed

Known As:
GREENSPRING AVENUE
Baltimore Co. Tax IDs:
0311018700, 2500009654,
2200009352 & 2500009653
Near Old Court Road
Pikesville, Baltimore County, MD 21208

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:
The subject property comprises 4 residential parcels arranged for 3 home sites in the Pikesville area of Baltimore County. The lots are situated just off Greenspring Avenue, a short distance south of Old Court Road, within the Old Court Gardens subdivision. The Greenspring East subdivision is located immediately south. Architectural styles nearby vary. Homes in Old Court Gardens were built primarily in the 1960s, with many of the homes substantially renovated or expanded since. Greenspring East, to the south, features homes predominantly constructed in the early 1990s. Homes at The Overlook (Quarry Lake), across the street, were constructed mostly in the mid 2000s.

The location offers excellent proximity to the Baltimore Beltway (I-695, 0.3 mile north) and the Jones Falls Expressway (I-83, 1.8 miles east). Quarry Lake, a mixed-use project featuring grocery store, restaurants, retail storefronts and professional and medical offices, is one-half mile south. In conjunction with the aforementioned commuter routes, the location also offers excellent access to major employment centers throughout the area, including those in Pikesville, Owings Mills, Towson, Timonium and Downtown Baltimore.

According to the bcps.org website, nearby schools are Fort Garrison Elementary, Summit Park Elementary, Pikesville Middle and Pikesville High. The properties appear to be in the Fort Garrison Elementary boundary map, but are positioned right at the edge of the Summit Park Elementary boundary immediately south. Purchasers are encouraged to contact Baltimore County Public Schools with respect to boundary and placement information.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
My Neighborhood – bcgis.baltimorecountymd.gov
Quarry Lake at Greenspring – www.quarrylakeatgreenspring.com
Baltimore County Public Schools – bcps.org

SITE:
Note – Please complete a Waiver and Confidentiality Form to obtain copies of due diligence information.

The property comprises subdivided, platted residential lots comprising a total of 2.907 acres, according to public tax records. Known as Lots 6, 7, 8 and A on the “Revised Plat of Old Court Gardens” recorded in Baltimore County Plat Book WJR 27, page 77. Individual lot information is further detailed below. The lots are positioned along an access road off Greenspring Avenue approximately 0.3 mile south of Old Court Road.

Extensive development work, including an array of plans, easement agreements, development agreements and budgeting have been completed for the project. A development plan has been approved by Baltimore County with respect to public water extension, sewer connection, storm water plan, stripping and road surfacing. Estimates for some of these items are also available. Conditional approval has been provided by Baltimore County to remove a guardrail positioned at the top of the access road. Please contact Baltimore County with respect to the status of permits that have been applied for and are pending.

The auction provides an opportunity for developers and builders to acquire three building sites in an extremely in demand location. Additionally, the sale presents an opportunity for owner-occupants to purchase a site with flexibility for one or multiple homes. The auction will be conducted as an entirety sale only.

Lot Descriptions:
Lot 6 – Baltimore County Tax ID: 0311018700 – Comprising 1.04 acres, according to public tax records. Positioned the furthest from Greenspring Avenue.

Lot 7 – Baltimore County Tax ID: 2500009654 – Comprising 0.752 acre, according to public tax records.

Lot 8 – Baltimore County Tax ID: 2200009352 – Comprising 0.991 acre, according to public tax records.

Lot A – Baltimore County Tax ID: 2500009653 – Comprising 0.124 acre, according to public tax records. Used in conjunction with access easements between Lots 6 and 7.

Plat

ZONING:
DR-1 Residential

For more information about Baltimore County Zoning, please visit:
Baltimore County Zoning – www.baltimorecountymd.gov

Zoning Map

TITLE:
In fee simple; sold free and clear of all liens

TAXES:
Published annual real estate taxes are as follows:

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $20,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer. 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. 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 5% buyer’s premium will be added to the final bid price.