"White Marsh"

 REAL ESTATE AUCTION 

– $150,000 Suggested Opening Bid –

c. 1912
VICTORIAN STYLE HOME &
TWO STORY GARAGE BUILDING
Zoned BL – Business Local ◆ 10+ Car On-Site Parking

Sale On Premises
10807 RAILROAD AVENUE
One block off Ebenezer Road,
Near Pulaski Highway
White Marsh, Baltimore County, MD 21162

THURSDAY, AUGUST 9, 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:
10807 Railroad Avenue is located within the Cowenton area of White Marsh in eastern Baltimore County. The property sits one block northeast of Ebenezer Road, and about two blocks north of Pulaski Highway. White Marsh Boulevard (MD-43) is within one-half mile, providing excellent access to I-95, I-695 and the surrounding area. Surrounding properties are a mix of retail businesses, offices, other commercial uses and residential homes.

The property is currently being used as an antique and collectibles store. The arrangement of the property allows for single or multiple tenant use, and could be used residentially, commercially or as mixed-use. Convenient access to major commuter routes makes for an attractive location to both business owners and residents alike. The auction presents an excellent opportunity to purchase a well-located, unique property with extensive options for potential investment and use.

SITE:
Lot size – 0.64 acre, more or less

The mostly level lot fronts approximately 183′ on Railroad Avenue

Asphalt paved parking for 10+ vehicles

Side and rear yards with mature trees

Three outbuildings

Public water, sanitary sewer, gas, electricity, and telephone service are in the site.

Zoning BL, business-local, permitting a wide variety of retail and light commercial uses. The property could also be used residentially. For additional information see:
https://www.baltimorecountymd.gov/Agencies/planning/zoning/classifications.html

IMPROVEMENTS:
The property is improved by a Victorian style home and two story converted garage building. Each building has a separate electric meter.

Two and one-half story Victorian style home – the home was constructed in 1912, contains 3,788 square feet of living area and 876 square feet of basement space, according to public tax records. Actual finished square footage on the first and second floors is estimated to be closer to 2,200 square feet. The home features a covered front porch, enclosed sun porch and ample architectural details. The home is arranged as follows:

Exterior
Shingle exterior
Slate roof
Wood windows
Aluminum down spouts and rain gutters

Interior

First floor –

• Entry foyer – wood floor
• Living room or Parlor- wood floor
• Dining room – wood floor
• Sun porch
• Kitchen
• Full bath

Second floor –

• Full bath – ball and claw foot tub
• Bedroom – wood floor
• Bedroom – wood floor
• Bedroom/den (no closet) – wood floor
• Bedroom/den (no closet)
• Walk-up attic – partially floored

Basement/Mechanical
Unfinished basement
Oil fired boiler
Electric water heater
100 amp. electrical service

Two story aluminum sided garage building. The building is estimated to contain 2,000 square feet on each floor. There is a mix of wood and concrete flooring. The building is currently used as a showroom for antiques and collectibles, with multiple display spaces and a powder room. The building has been used by multiple tenants in the past, including other retail, contractor and storage uses.

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

TAXES:
Annual real estate taxes are $4,722.84, based on a published current full value assessment of $302,900. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
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. 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. Time is of the essence.

No buyer’s premium.

Sale in Cooperation with
Cummings & Co. Realtors