East Baltimore Commercial Site

0.59± Acre - Zoned B-3-2

Listing Details

Sold Price
Auction Date
Auction Time
2:00 PM
4300 Erdman Avenue, Baltimore, MD, 21213
Baltimore City
East Baltimore, Orchard Ridge
Additional Documents
Baltimore City Block Plat
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Additional Photos

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Jeffrey S. Yablon, Solicitor
10220 South Dolfield Rd. - Suite 200
Owings Mills, Maryland 21117


"Orchard Ridge"

0.59± ACRE ★ ZONED B-3-2
Known As Mike & Demba Auto Sales

Sale On Premises
Just South of Sinclair Lane
Baltimore, MD 21213

THURSDAY, MAY 29, 2014
AT 2:00 P.M.

    Under and by virtue of the power of sale contained in a certain Deed of Trust from SADA, LLC to Lloyd D. Lurie, Trustee, dated March 24, 2010, and recorded among the Land Records of Baltimore City, in Liber 12532, folio 200, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Trustee will sell at Public Auction, on the premises, the following:

    All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland, and being more fully described in the above referenced Deed of Trust.

    The property is reportedly being used as car sales lot.   The site is macadam paved and is bordered by a chain link fence. Lot size: 0.594 acre, more or less, front approximately 215 feet along Erdman Ave.  Zoned B-3-2, commercial.

    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.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at the offices of the Trustee.  If payment of the 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 stated in the foreclosed Deed of Trust Note, from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes and all other public charges and assessments payable on an annual basis, including 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, without express or implied warranty as to the current zoning, nature and description of the improvements as contained herein; subject to the existing zoning, easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Trustee, the holder of the indebtedness, 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 Trustee 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 Trustee, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyer's Premium.

Lloyd D. Lurie, Trustee