"Dundalk Area - Harbor View"

Apartment Building Arranged for 8 Units
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Listing Details

Sold Price
$170,000
Auction Date
Auction Time
11:00 AM
Address
539 45th Street, Dundalk, MD, 21224
County
Baltimore County
Neighborhood
Dundalk Area, Harbor View
Inspection
At 10:00 a.m. on the day of the auction only
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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ESTATE AUCTION

DUNDALK AREA

"Harbor View"

APARTMENT BUILDING
- Arranged for 8 Units -

Sale On Premises
539 45TH STREET
(a/k/a 539-549 45th Street)
Corner Fait Avenue
Baltimore County, MD 21224

WEDNESDAY, DECEMBER 9, 2015
AT 11:00 A.M.

- Suggested Opening Bid: $65,000 -

    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:
539-549 45th Street is located in the Harbor View neighborhood in southeast Baltimore County. Harbor View is located immediately east of the Baltimore City line, and just west of Dundalk. I-95 exit 59 is within about 1/4 mile, I-895 and the Baltimore Beltway (I-695) are also a very short distance away. Local commuter routes, such as Eastern Avenue/Boulevard, Dundalk Avenue and German Hill Road, are each within a few blocks.

Situated at the corner of Fait Avenue, the property is comprised of 539-549 45th Street, which has a single tax record attributed to 539 45th Street. The property is arranged for 7 residential units, one larger unit used for residential and office, small driveway and storage garage. The units are all vacant, with some requiring minor cosmetic repair and others requiring more significant renovation. The auction represents an ample opportunity to generate added value and good cash flow in a well located multi-unit property.  

SITE:
Level, rectangular lot - 50' x 125'

Zoned:
RO - residential office
A small portion of the property may be in a DR 5.5 residential zone
No warranties or representations are made with respect to the number of units approved in the buildings. Purchasers are encouraged to visit Baltimore County Zoning to confirm details of property occupancy and use.

For more information, see the Baltimore County Zoning Code.

Driveway and garage on 45th Street

All public utilities

IMPROVEMENT DESCRIPTION:
One and two story adjoining brick buildings - according to public tax records, the buildings were constructed in 1938 and contain 3,704 square feet of gross building area. The buildings contain a total of 8 units, with most units featuring separate exterior entrances, separate utilities and full kitchens with gas range ovens. The buildings are arranged as follows:

Exterior
Masonry and brick construction
Flat-built up roof
Vinyl-clad replacement windows

Interior
Finishes are comprised primarily of drywall, carpet and laminate tile flooring (kitchens and baths).

539 & 541 45th Street - Two story brick building arranged for four units.

  • 539 (front) is the largest unit, formerly used as a management office, and contains 4 rooms, kitchen, bath and side deck
  • 541 (front) is arranged for 2 rooms, kitchen and bath
  • 539 & 541 (rear) are each second floor apartments accessible via the common rear stairwell. Each unit contains 2 rooms, kitchen and bath.

543, 545, 547 & 549 - One story brick buildings arranged for four units. Each unit contains 2 rooms, kitchen and bath.

Crawl space

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $4,412, based on the full value tax assessment of $216,500.  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 is being sold free and clear of all liens.

INSPECTION:
At 10:00 a.m. on the day of the auction only

TERMS OF SALE:
A $7,500 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 agrees to waive the right of inpsection for lead paint, as provided under current Federal and State law.  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.

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