Real Estate Auction

- Baltimore County -
WATERFRONT PARCEL

2.9644± AcresZoned D.R. 5.5

Fronting 104' on Deep Creek
Bungalow & Outbuildings


Development Potential



Sale On Premises
625 S. MARLYN AVENUE
Essex, MD 21221

FRIDAY, SEPTEMBER 16, 2005
AT 11:00 A.M.


LOCATION:

625 S. Marlyn Avenue is located south of the 1000 block of Eastern Boulevard, along Deep Creek, leading to Back River. From Baltimore Beltway (I-695) Exit 36 follow Route 702 south to Eastern Boulevard west to first traffic light. Turn left (south) on Marlyn Avenue approximately 0.8 mile to property on left.

LOCATION MAP

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

SITE:

Lot fronts 77'6" on the east side of Marlyn Avenue, with parallel depths of 1,650' and 1,720'8" and water frontage of 104'10" along Deep Creek, comprising 2.9644 acres. The property is fairly level, being clear in the western portion and wooded in the eastern part.

UTILITIES:

Public water and sanitary sewer are in Marlyn Avenue.

ZONING:

DR 5.5, residential, permitting a maximum of 5.5 units/acre. See the Baltimore County Zoning Ordinance for specific requirements:
http://www.co.ba.md.us/index.html

Prospective purchasers are encouraged to perform their own due diligence regarding the permitted uses, allowable density and the requirements to develop the site.

LOCATION SURVEY

IMPROVEMENTS:

Vinyl sided bungalow, concrete block garage, wooden shed, gravel driveway


Photos:     VIEW FROM STREET      MARLYN AVE.
HOUSE      GARAGE

TAX
INFORMATION:


Parcel 164, Grid 9, on Baltimore County Tax Map No. 97

TAX MAP

2005 Real Property Taxes - $994.98

TITLE:

In fee simple. The property will be sold free and clear of liens.

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 by next business day at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the 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. Dimensions and acreage contained herein are more or less. 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. 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 and transfer taxes to be paid by the purchaser. Time is of the essence.

NO BUYER'S PREMIUM.

BROKER
PARTICIPATION:


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