"Owings Mills"

Brick & Stone Rancher
Situated on 3.58± Acre Lot
Redevelopment Opportunity
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Listing Details

Sold Price
$242,000
Auction Date
Auction Time
11:00 AM
Address
11825 Garrison Forest Road, Owings Mills, MD, 21117
County
Baltimore County
Neighborhood
Owings Mills
Inspection
The property is available for inspection one hour before the auction or by appointment with the Auctioneers. Proof of deposit funds and a signed liability waiver are required by the seller prior to granting interior access.
Additional Documents
Survey of 11825 Garrison Forest Road
PDF Copy of Mold Reports from March 13, 2014 and June 11, 2014
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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Outstanding Residential Redevelopment Opportunity!

ESTATE AUCTION
$150,000 Suggested Opening Bid

OWINGS MILLS

- Substantially Damaged -
BRICK & STONE RANCHER
5 Bedrooms ◆ 4 Baths ◆ 5,121± Sq. Ft.
Situated On Secluded
3.58± ACRE LOT
Subdivision Potential

Sale On Premises
11825 GARRISON FOREST ROAD
Between Gwynnbrook & Walnut Avenues
Baltimore County, MD 21117

THURSDAY, NOVEMBER 5, 2015
AT 11:00 A.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:
11825 Garrison Forest Road is situated on a private driveway leading east from Garrison Forest Road.  The property is located east of Gwynnbrook State Wildlife Refuge, west of Caves Valley Golf Club, north of Greenspring Valley and south of Worthington Valley in a very desirable area of western Baltimore County.  Homes in the immediate vicinity are typically of custom design on one acre or larger lots.  

The area is rural in appearance, yet convenient to public amenities.  Access to the Baltimore Beltway (I-695) Exit 20 and Northwest Expressway (I-795) Exit 4 is within 5 miles.  The MTA Owings Mills Subway Station is about 3 miles south, as is community shopping and professional services along Reisterstown Road.  Major commercial developments are slated for the Owings Mills retail areas, including a new Wegman’s grocery store and upscale shopping.

According to the BCPS web site, assigned public schools are Franklin Elementary, Pikesville Middle School and Owings Mills High School.  Numerous private schools, including Garrison Forest, McDonogh, St. Paul’s and Jemicy are close by.  Stevenson University is within one mile.

SITE:
The property is a semi-rectangular configuration, approximately 277' wide by 525' deep, comprising approximately 3.58 acres of land.  The lot is located along a 50' wide use in common right of way leading from the east side of Garrison Forest Road.  The lot is scenic, quiet and private.

Zoning - RC 5, rural residential, which typically permits residential development on 1.5 acre minium home sites, with a maximum tract density of 0.5 dwellings per acre.  Please see the Baltimore County Citizens Zoning Guide for details:

Baltimore County Citizens Zoning Guide

Private well and septic
     Water Potability Results

IMPROVEMENTS:
One Story Brick, Stone and Frame Ranch-style Home - according to published tax records, the home was built in 1956 and contains 5,121 square feet of living area, constructed on a concrete slab at grade.  The house has been water damaged and contains mold.  Interior access will only be permitted upon completion of a signed liability waiver.

Exterior
Composition shingle roof, aluminum rain spouts
Wood casement and sliding window
Inground swimming pool with concrete deck
Frame pool house with two rest rooms
Three-car frame garage and parking pad
Covered entry porch

Interior
●    Large Foyer, ceramic tile floor
●    Great Room, carpeting, large stone fireplace
●    Dining Room, carpeting, stone fireplace with insert, sliders to Sun Porch
●    Kitchen, ceramic tile, work island, laminate cabinets and counters
●    Master Bedroom, carpeting, En-Suite Bath with shower and tub
●    Bedroom #2 with En-Suite Bath with shower
●    Bedroom #3 with En-Suite Full Bathroom
●    Bedroom #4
●    Family room, carpeting, brick fireplace, beamed ceiling

Mechanical
Electric baseboard heat
Central air conditioning
Two electric water heaters

TITLE:
The property is sold free and clear of all liens, subject to an annual $240 ground rent.  Baltimore County Deed Liber 34839, Folio 343.

TAXES:
Published annual real estate taxes for 2015 are $5,795.56, based on the full value tax assessment of $475,400.  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

INSPECTION:
The property is available for inspection one hour before the auction or by appointment with the Auctioneers.  Proof of deposit funds and a signed liability waiver are required by the seller prior to granting interior access.

TERMS OF SALE:
A $20,000 deposit, payable by 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, ground rent, 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 inspection 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.  Purchaser acknowledges receipt of the mold reports pertaining to 11825 Garrison Forest Rd., Owings Mills, MD 21117, dated June 11, 2014 and March 13, 2014.  Purchaser agrees to waive the well yield and quality tests as provided under Baltimore County 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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.

No buyer’s premium

Auction by order of
Wells Fargo Bank, NA and George Stamas, Co-Trustees
of the Charles Weiner Administrative Trust