Absolute Auction Above $199,000

One Story Fraternal Building
Situated on 0.80+/- Acre Lot
4.99% Financing Available
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Listing Details

Sold Price
$375,000
Auction Date
Auction Time
12:30 PM
Address
6616-6712 Pine Avenue, Baltimore, MD, 21222
County
Baltimore City, Baltimore County
Neighborhood
Dundalk
Inspection
The property is available to inspect prior to the auction. Please click the link below to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
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 $199,000

DUNDALK

ONE STORY
FRATERNAL BUILDING
Situated on 0.80± Acre Lot
Former Dundalk VFW Memorial Post 6694

 4.99% Financing Available

- Ideal for Church or Club -

Sale On Premises
6616-6712 PINE AVENUE
- Off Dundalk Avenue -
Near Ft. Holabird Park
Baltimore, MD 21222

THURSDAY, NOVEMBER 19, 2015
AT 12:30 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:
6616-6712 Pine Avenue is located west of Dundalk Avenue and straddles the Baltimore City/Baltimore County line.  The property has been used as a VFW hall since at least 1952.  Ft. Holabird Park and Colgate Creek are immediately west of the site.  The surrounding area is a mixture of residential, commercial and industrial land uses.  The property is convenient to the Baltimore Beltway (I-695), Francis Scott Key Bridge, I-95 and public transportation, providing good access to area employment centers.  Neighborhood shopping and amenities are within walking distance.  

The property presents an excellent opportunity for its continued use by a non-profit as a meeting facility or for potential redevelopment.

SITE:
The property is comprised of three contiguous rectangular lots:

6616 Pine Avenue, Baltimore City, MD
(improved by a small building and parking lot)
a/k/a Lot 1, Block 6977 
Plat

0.30 Acre Zoned R-4 
     
 6712 Pine Avenue, Baltimore County, MD              
(improved by the main building and parking lot)
a/k/a Lot 564, Parcel 442, Grid 15, Tax Map 103
and Lots 564-567, Colgate Park
 0.37 Acre  Zoned DR 5.5
     
Pine Avenue, Baltimore County
a/k/a Lot 568, Parcel 442, Grid 15, Tax Map 103
and Part of Lots 568-569, Colgate Park   
 0.13 Acre  Zoned DR 5.5
Total 0.80 Acre  

All public utilities are believed to be in the site.  The property is level, asphalt paved and lined for approximately 90 to 100 car parking.

IMPROVEMENTS:

Main Building - one story concrete block freestanding structure - according to published tax records the facility was constructed in 1952 and contains 5,690 square feet of gross building area.  The exterior has vinyl siding, a built-up roof and several entrances.  The interior contains:

●    Entry Foyer - vinyl floor
●    Large Open Meeting Room - vinyl floor, paneled walls, acoustical tile ceiling with florescent lighting, 2 ceramic tile rest rooms, snack bar with draft beer tap and ice machine, tables and chairs
pine6616-6712 big-hall2  pine6616-6712 big-hall1

●    Bar - vinyl floor, fully equipped rectangular bar, 2 ceramic tile rest rooms, bar stools, juke box, video games, pool table, stainless steel beer draft
pine6616-6712 big-bar1   pine6616-6712 big-pooltable
●    Commercial Kitchen - ceramic tile floor, stainless steel updraft with fire suppression system, storage room with loading door, walk-in cooler, Vulcan gas range/oven, stainless steel tables, sandwich unit, fryer, True freezer, ice machine, utensils and cookware
pine6616-6712 big-kitchen2  pine6616-6712 big-walkincoo
●    Storage Rooms
●    Roof mounted heat and air conditioning

Second Building - one and one-half story frame freestanding building with asphalt shingle roof - constructed in 1955 and containing 800 square feet of gross building area according to published tax records.  The building contains paneled office, paneled meeting room and storage rooms; separate electric meter.

pine6616-6712 sm-room1  pine6616-6712 sm-office

pine6616-6712 sm-safe

TAXES:
Published annual real estate taxes for 2015 are $5,407, based on a full value tax assessment of $505,400.  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://www.dat.state.md.us/sdatweb/appeal.html

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

ATTRACTIVE FINANCING AVAILABLE:
Attractive private financing is available under the following terms - $25,000 down payment, interest only payments for 11 years - 4.99% interest for the first year (approximately $728/month payment on $200,000 sales price), adjusting to 3.5% above the Wall St. Journal Prime Lending Rate in year two and every two years thereafter for the balance of the term.  Purchasers are under no obligation to use the financing.

TERMS OF SALE:  A $20,000 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 a monthly or 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.  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.