"Southwest Baltimore - Carrollton Ridge"

Piel Law Firm
502 Washington Avenue – Suite 730
Towson, MD 21204

SUBSTITUTE TRUSTEES’ SALE

“Carrollton Ridge”

2 – WAREHOUSE BUILDINGS
& Adjacent Residential Land
To Be Offered As An Entirety

Known As
536 S. FULTON AVENUE AND
1808-1814 EAGLE STREET
Baltimore City, MD 21223

Under and by virtue of the power of sale contained in that certain Purchase Money Deed of Trust, Security Agreement, and Assignment of Contracts, Leases and Rents, executed by TK & CK Enterprises, L.L.C., and dated July 23, 2021, and recorded among the Land Records of Baltimore City, Maryland, at Liber 23834, folio 331 (the “Deed of Trust”), the holder of the indebtedness secured by the Deed of Trust (the “Noteholder”) having subsequently appointed Hunter C. Piel and Scott B. Wheat (the “Substitute Trustees”) as Substitute Trustees by instrument duly executed, acknowledged and recorded among the Land Records of Baltimore City, Maryland for the purposes therein contained, default having occurred under the terms of the Deed of Trust and at the request of the party secured thereby, the Substitute Trustees will offer for sale to the highest qualified bidder at the subject property address, 1814 Eagle Street, Baltimore, Maryland 21223:

THURSDAY, SEPTEMBER 29, 2022
AT 10:00 A.M.

ALL OF THAT real property being situate in Baltimore City, Maryland, (the “Property”), in fee simple (except for 1810 Eagle Street, which is a leasehold interest and subject to an annual ground rent of $36.00 payable semi-annually on the 1st days of January and July in each and every year), being more particularly described in the Deed of Trust, and generally known as 536 S. Fulton Avenue and 1808-1814 Eagle Street, Baltimore, Maryland 21223.

The properties are contiguous, fronting 37′ along the west side of S. Fulton Avenue and 94′ along the north side of Eagle Street. The total site comprises approximately 8,904 square feet of land or 0.20 acre. Zoning is believed to be R-8, residential. Public utilities. The site is located near Carroll Park, US-1 and I-95, approximately 1.5 miles west of Downtown Baltimore.

Plat

536 S. Fulton Avenue is a one-story masonry warehouse building, comprising 2,849 square feet, according to public tax records, with front drive-in loading door and pedestrian door. Lot size 37′ x 77′.

1814 Eagle Street is a one-story masonry warehouse building, comprising 2,060 square feet, according to public tax records, with front drive-in loading door, pedestrian door and fenced side yard. Lot size 61′ x 76′.

1808-1810-1812 Eagle Street comprise three unimproved townhouse lots, each 11′ x 43′.

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.

TERMS OF SALE: A deposit in the amount of Ten Thousand Dollars ($10,000.00), payable in cash or certified check, will be required of the purchaser(s) at the time and place of sale. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of ten percent (10%) per annum from the date of sale to and including the date of settlement. In the event the Noteholder, or an affiliate thereof, is the successful bidder at the sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. The Substitute Trustees reserve the right to reject any and all bids and to extend the time for settlement for any reason.

All senior liens, real estate taxes, recordation taxes, assessments, ground rents, water charges and municipal charges owed against the Property, which are not extinguished as a matter of law by the foreclosure sale, shall be the sole responsibility of the purchaser(s) and shall be paid for by the purchaser at settlement. In the event taxes or other municipal charges owing on or with respect to the Property have been prepaid they shall be adjusted at settlement between the Substitute Trustees and the purchaser(s) to the date of the foreclosure sale.

The Property will be sold in an “AS IS” condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the Property or the improvement thereon. The Property will also be sold subject to: (a) all existing housing, building and zoning code violations: (b) all critical area and wetland violations; (c) all environmental problems, conditions and violations which may exist on or with respect to the Property; and (d) all matters and restrictions of record affecting the Property. The purchaser(s) at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place. It shall be the purchaser(s)’ responsibility to obtain possession of the Property following ratification of the sale by the Circuit Court for Baltimore City, Maryland.

The Property will be sold subject to the following that are not extinguished as a matter of law by the foreclosure sale: all easements, conditions, liens, restrictions, rights of redemption, covenants, encumbrances, ground rents, ground leases, such state of facts that an accurate survey or physical inspection of the Property might disclose, and agreements of record.

The purchaser(s) shall pay all state and local transfer taxes, recordation taxes and fees, title examination costs, attorneys’ fees, conveyance fees and all other incidental settlement costs. The purchaser(s) shall settle and comply with the sale terms within twenty (20) days following the final ratification of sale by the Circuit Court for Baltimore City, Maryland, unless said period is extended by the Substitute Trustees in Substitute Trustees’ sole and absolute discretion. Time is of the essence.

In the event the purchaser(s) fails to go to settlement as required, in addition to any other legal or equitable remedies available, the Substitute Trustees may, without further order of the court, declare the aforementioned deposit forfeited and resell the Property at the purchaser’s sole risk and expense. In such event, the defaulting purchaser(s) shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, reasonable attorneys’ fees, all other charges due, and incidental damages. The parties’ respective rights and obligations regarding the terms of sale and the conduct of the sale shall be governed by and interpreted according to the laws of the State of Maryland.

If the Substitute Trustees are unable to convey the Property as described above, the purchaser(s)’ sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit, without interest thereon. Upon refund of the deposit to the purchaser(s), the sale shall be void and of no effect, and the purchaser(s) shall have no further claim against the Substitute Trustees or the Noteholder.

The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Auctioneer, the Noteholder and the Substitute Trustees do not make any representations or warranties with respect to the accuracy of this information.

Hunter C. Piel, Scott B. Wheat,
Substitute Trustees