Absolute Above $100,000 "Dundalk"

Office and Apartment Building
Zoned BL, On-Site Parking
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Listing Details

Sold Price
$100,000
Auction Date
Auction Time
2:00 PM
Address
7151 Holabird Avenue, Dundalk, MD, 21222
County
Baltimore County
Neighborhood
Dundalk
Inspection
The building will be open for inspection one hour before the auction. For prior inspection, please call 410-296-8440 or email info@ajbillig.com.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE
REAL ESTATE AUCTION
To the Highest Bidder Above $100,000

DUNDALK

OFFICE AND
APARTMENT BUILDING
Zoned BL ◆ On-Site Parking

Sale On Premises
7151 HOLABIRD AVENUE
One Block West of Delvale Avenue
Baltimore County, MD 21222

THURSDAY, DECEMBER 18, 2014
AT 2:00 P.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:
Well located office building, with second floor apartment, is situated on the south side of Holabird Avenue.  The site is east of Dundalk Avenue and west of Merritt Boulevard.  Properties along Holabird Avenue consist of a variety of land uses, including retail stores, restaurants, professional offices and homes.

The property is within walking distance of Norwood Elementary School, Holabird Middle, Dundalk High and the Community College of Baltimore County.  Access to the Baltimore Beltway (I-695) and I-95 is within two miles.  Public transportation is along Holabird Avenue.

SITE:
Level rectangular lot - 50' x 230', comprising 0.26 acre

All public utilities are in the site.

Zoning BL, business local in front, DR 5.5, residential in rear.
For more information, please see the: Baltimore County Zoning Ordinance

Front Parking Lot - 3 cars

Rear Parking Lot - 15 cars

High Visibility Pole Sign

Zoning Map and GIS Aerial Photo

 

 

IMPROVEMENTS:
Two story Office & Apartment Building - according to public tax records, the building was constructed in 1917 and contains 2,255 square feet of gross building area, plus unfinished basement storage. The rear portion of the building was built in 1975.

Exterior
Enclosed entry vestibule with handicap access
Aluminum siding
Composition shingle roof
Poured concrete basement foundation

First Floor- Former Medical Office
Carpeting, paneling, acoustical tile ceilings
Reception area
9 - offices and exam rooms
Rest room

 

 

Second Floor
2 - carpeted rooms
Kitchen with vinyl floor, gas range/oven, refrigerator
Full bathroom with vinyl floor

 

 

Mechanical
Heat pump, central air conditioning
Electric wall heaters and window air conditioners
3 - electric meters
Gas water heater
Security alarm

The building is currently vacant.

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore County Deed Liber 4939, Folio 513.

TAXES:
Published real estate taxes for 2014 are $2,899.70, based on a full value assessment of $202,600.

INSPECTION:
The building will be open for inspection one hour before the auction.  For prior inspection, please call 410-296-8440 or email info@ajbillig.com.

TERMS OF SALE:
A $10,000 deposit, payable by certified check or 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.  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 sale to date of settlement.  All adjustments, including taxes, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale 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 sale 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.  Time is of the essence.

No buyer's premium.