Featuring Live & Online Simulcast Bidding
– $100,000 Opening Bid –
0.21± Acre ◆ Public Water & Sewer
3505 BEACH ROAD
Baltimore County, MD 21220
Online Bidding Opens
MONDAY, JULY 4, 2022
Live Onsite Auction
WEDNESDAY, JULY 6, 2022
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.
Beautiful waterfront lot, located in Eastern Baltimore County, between Bowley’s Quarters and Chase. The property is situated along the northern shore of Seneca Creek, leading to Chesapeake Bay. Nearby public schools are Chase Elementary, Middle River Middle and Chesapeake High, according to the Baltimore County government web site. The neighborhood is secluded, yet convenient to shopping on Eastern Avenue, Martin Airport, MD-702 and I-695. Neighborhood homes appear well maintained. Some are recently constructed while others have been renovated and enlarged.
Rectangular lot approximately 50′ x 175′, comprising 0.21 acre of land. Lot is level and clear with a nice view of Seneca Creek. A rip rap bulkhead bounds the shoreline.
Public water and sewer are at the property.
Zoning is RC-5. A zoning variance has been issued to permit a home with a footprint of 32′ x 62′.
Zoning Decision with Site Plan and Drawings
Water depth is approximately 5′ MLW, according to NOAA Depth Chart 12280
The property is in fee simple and sold free and clear of liens. Baltimore County Deed Book JLE 36643, Page 482.
Published annual real estate taxes are $2,440, based on a full value assessment of $144,300.
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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A $15,000 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 is due by 4:00 p.m. on the day of auction.
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. 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. A 5% buyer’s premium will be added to the final bid price.