"Essex"

Commercial Building
Former Medical Office with On-Site Parking
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Listing Details

Sold Price
$116,000
Auction Date
Auction Time
11:00 AM
Address
221 Eastern Boulevard, Essex, MD, 21221
County
Baltimore County
Neighborhood
Essex
Inspection
The property will be open 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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REAL ESTATE AUCTION

ESSEX

COMMERCIAL BUILDING
Former Medical Office ✦ On-Site Parking
Zoned: BL - Business Local

Sale On Premises
221 EASTERN BOULEVARD
a/k/a 221 Eastern Avenue
Near Dorothy Avenue
Baltimore County, MD 21221

THURSDAY, MARCH 26, 2015
AT 11:00 A.M.

    THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE.  HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.  ALL DIMENSIONS CONTAINED HEREIN ARE MORE OR LESS.

LOCATION:
221 Eastern Boulevard is located in the Essex area of eastern Baltimore County, east of the  Baltimore Beltway (I-695) Exit 38 and west of MD-702. Situated on the south side of Eastern Boulevard at the corner of Dorothy Avenue, the property maintains very high visibility along one of the most traveled streets in the area. Other nearby businesses include retail, professional offices, automotive and dining. The surrounding community is comprised of a variety of owner and tenant occupied residential properties, including single family homes, townhomes and garden apartments.

SITE:
Level, rectangular lot - comprising 7,500, or 0.172 acre, more or less, according to public tax records

The lot fronts approximately 50' on Eastern Boulevard

Macadam paved parking lot for 8+ vehicles

Public water and sewer

IMPROVEMENT DESCRIPTION:
One and one-half story building arranged as follows:

Exterior
Aluminum siding
Asphalt shingle roof with aluminum rain spouts
Vinyl clad replacement windows
Masonry foundation

Interior

First Floor

  • Entry foyer
  • Reception area and waiting room
  • 2 offices
  • Staff room
  • 2 powder rooms

Second floor

  • Unfinished storage

Basement - unfinished, storage and mechanical areas

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes - $2,431 (based on a full value tax assessment of $165,000).  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 SDAT 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.

ZONING:
BL - Business Local

For more information, see: Baltimore County Zoning

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 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. 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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