"Catonsville"

MAIDEN CHOICE COMMERCIAL PORTFOLIO SALE
Professional Office Building
2.2+/- Acre Building Lot
1.17+/- Acre Building Lot
7.6+/- Acre Building Lot
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Listing Details

Auction Date
Wednesday,
Auction Time
2:00 PM
Auction Note
720C, 726, 718 & Parcel 2105 Maiden Choice Lane
Sale To Be Held:
Address
720C Maiden Choice Lane, Catonsville, MD, 21228
County
Baltimore County
Neighborhood
Catonsville, Maiden Choice
Auction Registration
Inspection
The property is available to inspect by appointment. Please contact the office of the Auctioneers, by phone: 410-296-8440 or email: info@ajbillig.com. Inspection requests are normally answered Monday-Friday 9 am-4 pm.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, Terms of Sale and more.

Additional Photos

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REAL ESTATE AUCTION

CATONSVILLE

MAIDEN CHOICE
COMMERCIAL PORTFOLIO SALE

Comprising:
PROFESSIONAL OFFICE BUILDING
8,100± Sq. Ft.  On 0.71± Acre

2.2± ACRE BUILDING LOT
Zoned OR-1 - Office/Residential

1.17± ACRE BUILDING LOT
Zoned OR-1 - Office/Residential
&
7.6± ACRE PARCEL
Zoned DR 5.5 Residential & OR-1 Office/Residential

Known As
720C, 726, 718 & Parcel 2105
MAIDEN CHOICE LANE
Opposite Charlestown
Catonsville, Baltimore County, MD 21228

Sale to Be Held:
720C MAIDEN CHOICE LANE

WEDNESDAY, NOVEMBER 28, 2018
AT 2:00 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:
The portfolio of four properties is located in the Maiden Choice area of Catonsville in southwestern Baltimore County. Three of the properties are located within the Maiden Choice Medical Office Complex, with the fourth parcel adjoining the complex to the northwest. The location has proximate access to the Baltimore Beltway (I-695) via both Frederick Road and Wilkens Avenue, and I-95 is within approximately 2.5 miles. Exposure at the site is strong, with an annual average daily traffic (AADT) count of 15,274 cars per day according to SHA GIS traffic count data, and a higher count during weekdays.

The Maiden Choice Medical Center is located on a property once known as Wilton Springs. The site was developed in 1985 as a medical office condominium, shortly after the construction of the Charlestown Retirement Community located immediately across the street. Charlestown comprises a 110 acre campus, and provides an array of residential options, resident activities and services. The University of Maryland Baltimore County (UMBC) is within approximately 2 miles. Other surrounding properties comprise commercial buildings, educational facilities, single family and multifamily residential, the density of which provides significant opportunities for development at the site. The arrangement and zoning of the parcels enhances those opportunities, whether acquiring one or multiple properties.

720C MAIDEN CHOICE LANE
BRICK PROFESSIONAL OFFICE BUILDING

General Description
The Wilton Springs Condominium consists of two semi-detached buildings on what is known as Lot 3 on the Final Subdivision Plat titled "Maiden Choice Associates. Plat One of Two," and recorded among the land records of Baltimore County at Plat Book SM 58, folio 37. The total lot size for Lot 3 is 1.4222 acres, according to the plat. The subject property, 720C Maiden Choice Lane, is known as Unit A, alternatively the Convent Building, and retains a 62% interest in the condominium. Building B, alternatively the Chapel Building, is not part of the auction. The whole property is subject to the Declaration of Cross Use Easements, Covenants and Restrictions ("Cross Use Agreement") recorded in the Baltimore County Land Records at Book SM 7880, page 796.

Wilton Springs Condominium Declaration and By-Laws

Cross Use Agreement

Letter Regarding Condominium Declaration

Site
Lot size - 0.71 acre, according to public tax records

The lot is level with tidy landscaping, mature trees and concrete walking paths.

Parking is guided by the Cross Use Agreement provided above. 25+ car macadam paved parking area is within Lot 3.

All public utilities

Site Plat

Unit Plat

Zoning
Zoned OR-1, Office Residential. Based on information derived from Baltimore County - My Neighborhood.
Please visit Baltimore County Planning Department for more information:
https://www.baltimorecountymd.gov/Agencies/planning/index.html

Zoning Map:
maidenchoice720c gismap

Improvements
Two and three level semi-detached brick building containing approximately 8,100 square feet of gross building area. The building was originally constructed in 1957, and is arranged for three suites. The main suite occupies part of the first floor and all of the second floor, is owner occupied and arranged for a medical practice. Suite E comprises the first floor at the rear of the building, and is occupied by a chiropractor. Suite D comprises the lower level, is vacant and is arranged as a credit union, which was the former tenant.

Exterior features include full brick exterior, multiple entrances, access ramps, replacement windows and asphalt shingle roof. Interior finishes are predominantly drywall and carpet, with some vinyl flooring. Drop ceiling in the lower level.

Taxes
Baltimore County Tax ID 2300006101 - annual property taxes of $29,284.83 based on a full value assessment of $833,067

Title
In fee simple; sold free and clear of all liens and subject to the declaration and by-laws of the Wilton Springs Condominium and Cross Use Agreement

Suggested Starting Bid: $500,000

Deposit: $50,000 ($70,000 for bidders intending to purchase 720C, 726 and 718 Maiden Choice Lane as an entirety)

 

726 MAIDEN CHOICE LANE
2.215 ACRE BUILDING LOT

General Description
726 Maiden Choice Lane comprises Lot 5 on the Final Subdivision Plat titled "Maiden Choice Associates. Plat One of Two," and recorded among the land records of Baltimore County at Plat Book SM 58, folio 37. According to the plat, the lot comprises 2.215 acres. Roughly 10,000 square feet, or 0.23 acre, are macadam paved for parking for approximately 19 vehicles. The balance of the lot is unimproved, partially clear, some mature trees and mild slope from north to south. The property is subject to the Cross Use Agreement mentioned above.

Cross Use Agreement

Plat

Zoning
Zoned OR-1, Office Residential, with a small portion along the southeastern boundary as DR 5.5 Residential. Based on information derived from Baltimore County - My Neighborhood.
Please visit Baltimore County Planning Department for more information
https://www.baltimorecountymd.gov/Agencies/planning/index.html

Zoning Map:
maidenchoice726 gismap

Taxes
Baltimore County Tax ID 2100003419 - annual property taxes of $3,629.42 based on a full value assessment of $302,200

Title
In fee simple; sold free and clear of all liens and subject to the Cross Use Agreement

Suggested Starting Bid: $100,000

Deposit: $10,000 ($70,000 for bidders intending to purchase 720C, 726 and 718 Maiden Choice Lane as an entirety)

 

718 MAIDEN CHOICE LANE
1.166 ACRE BUILDING LOT

General Description
718 Maiden Choice Lane comprises Lot 2 on the Final Subdivision Plat titled "Maiden Choice Associates. Plat One of Two," and recorded among the land records of Baltimore County at Plat Book SM 58, folio 37. According to the plat, the lot comprises 1.166 acres. Roughly 24,000 square feet, or 0.55 acre, are macadam paved for driveway access and parking for 70+ vehicles. The balance of the lot is unimproved, partially clear, some mature trees and fairly level. The property is subject to the Cross Use Agreement mentioned above.

Cross Use Agreement

Plat

Zoning
Zoned OR-1, Office Residential, with a small portion along the southwestern boundary as DR 5.5 Residential. Based on information derived from Baltimore County - My Neighborhood.
Please visit Baltimore County Planning Department for more information
https://www.baltimorecountymd.gov/Agencies/planning/index.html

Zoning Map:
maidenchoice718 gismap

Taxes
Baltimore County Tax ID 2100003416 - annual property taxes of $2,302.31 based on a full value assessment of $191,700

Title
In fee simple; sold free and clear of all liens and subject to the Cross Use Agreement

Suggested Starting Bid: $50,000

Deposit: $10,000 ($70,000 for bidders intending to purchase 720C, 726 and 718 Maiden Choice Lane as an entirety)

 

PARCEL 2105
7.603 ACRE PARCEL

General Description
"Parcel 2105" comprises two lots known as Parcel #1 and Parcel #2 on the Final Subdivision Plat titled "Maiden Choice Associates. Plat Two of Two," and recorded among the land records of Baltimore County at Plat Book SM 58, folio 38. According to the plat, the total acreage for the property is 7.603 acres.

Parcel #1 - 6.062 acres, according to the plat. Approximately 218' of road frontage on Maiden Choice Lane. Storm water management easement in the rear half of the property, adjoining a 100 year floor plan reservation. Sloping topography.

Parcel #2 - 1.541 acres, according to the plat. Road frontage on McTavish Avenue. Stream along the southwestern boundary line. Sloping topography.

Plat

Zoning
Parcel #1 - Primarily DR 5.5, Residential, with approximately 63,500 square feet, or 1.46 acres, zoned OR-1, Office Residential, along the southeastern boundary line.

Parcel #2 - DR 5.5, Residential.
Based on information derived from Baltimore County - My Neighborhood.
Please visit Baltimore County Planning Department for more information
https://www.baltimorecountymd.gov/Agencies/planning/index.html

Zoning Map:
parcel2105 zoningmap

Taxes
Parcel #1 - Baltimore County Tax ID 2100003420 - annual property taxes of $2,302.31 based on a full value assessment of $191,700

Parcel #2 - Baltimore County Tax ID 2100003421 - annual property taxes of $1,053.23 based on a full value assessment of $86,900

Title
In fee simple; sold free and clear of all liens

Suggested Starting Bid: $50,000

Deposit: $10,000

MANNER OF SALE:
720C, 726 and 718 Maiden Choice Lane will be offered individually and as an entirety, and sold in the manner producing the greatest result. Parcel 2105 will be offered individually only.

SUMMARY TERMS OF SALE:
(refer to the contract of sale for complete terms):

Deposits, as stated above, 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. Deposit funds shall be held by A. J. Billig & Co., LLC.

Individually purchased parcels not including 720C Maiden Choice Lane
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 contract 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 contract and assumed thereafter by the Purchaser.

720C Maiden Choice Lane or Maiden Choice Entirety Purchase
Balance to be paid in cash at settlement, which shall take place on January 18, 2019 or earlier if mutually agreed to in writing between Seller and Purchaser. 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. All adjustments, including taxes, ground rent, 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 settlement and assumed thereafter by the Purchaser.

All Properties
The properties will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and the Declaration and By-Laws of the Wilton Springs Condominium, Inc. for 720C Maiden Choice Lane. Purchaser assumes the risk of loss from the date of contract 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 properties, 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!

Sale in Cooperation with Monument Sotheby's International Realty
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