Paul E. Draper, P.A., Attorneys
201 N. Charles Street, Suite 708
Baltimore, MD 21201
Dominick A. Garcia, Attorney
2 Dunmanway, Suite 210
Dundalk, MD 21222
COURT-ORDERED
ABSOLUTE ESTATE AUCTION

To The Highest Bidder - Regardless of Price

EAST TOWSON
Potential Office or Residential
DEVELOPMENT SITE
Opposite Baltimore County District Court Building

2 - AUCTIONS: 404-406 & 408 VIRGINIA AVENUE
COMBINED SITE - 70' FRONTAGE - 9,615 S.F. ±


Photos of auction property
AERIAL VIEW      TAX MAP      VIEW FROM STREET

Sale On Premises
FRIDAY, MARCH 23, 2007AT 11:00 A.M.

404 & 406 VIRGINIA AVENUE
Off Towsontown Boulevard and Chesapeake Avenue
Towson, Baltimore County, MD 21286

       Pursuant to a Consent Order of the Circuit Court for Baltimore County passed in the matter of Robert L. Hawkins, Sr., et al., Plaintiffs vs. Eugene A. Jones, Jr., Defendant, Case No. 03-C-06-010596, the parties so directed therein, including the Estate of Laura L. Jones, shall sell at public auction, to the highest bidder the following:

       All those fee simple lots of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described in the Deed recorded among the Land Records of Baltimore County in Liber 5701, page 428. DEED (pdf)

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LOCATION:

404 & 406 Virginia Avenue are situated in east Towson, the county seat of Baltimore County. The property is located approximately one block east of York Road (MD-45), one-half block north of Towsontown Boulevard and opposite Chesapeake Avenue. The Baltimore County District Court Building is opposite the site on Chesapeake Avenue. A recently-constructed Catholic Charities mid-rise senior housing building is opposite on Virginia Avenue. The surrounding neighborhood consists of older cottages, some of which have been converted to offices, and newer office buildings.

Photos of auction property
AERIAL VIEW     DISTRICT COURT     CATHOLIC CHARITIES

SITE:

The property is comprised of two lots and an 8' use in common alleyway. The lot fronts approximately 50' along the east side of Virginia Avenue, by a depth of approximately 141.5' and comprises 7,075 square feet or 0.16 acre; all dimensions, square footage and acreage contained herein are more or less. The site is level and clear, exclusive of the improvements described below. Public water, sanitary sewer, gas, electricity and telephone are in the site.

DEED COMPOSITE SKETCH

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IMPROVEMENTS:

404 Virginia Avenue - two-car frame garage

406 Virginia Avenue - two story vinyl siding Victorian cottage with covered front porch, rear wooden deck, composition shingle roof, wooden double-hung windows and aluminum storm windows. First floor contains a foyer, living room and eat-in kitchen; 3 bedrooms and bath, on the second floor; full unfinished basement; floored, pull-down attic; gas hot water heat. The home is in fair condition and needs extensive renovation.

Additional Improvements - chain link fencing and gravel driveway Photos of auction property
406 VIRGINIA AVE.      404 VIRGINIA AVE.
INTERIOR OF SITE      REAR VIEW

ZONING:

R-O-A, residential-office, permits uses permitted as of right and as limited in D.R. 3.5 zones, Class A (converted) office buildings and other structures, by special exception, as specified within the Baltimore County Zoning Regulations.

Zoning Map:
Photo of

For Baltimore County Zoning regulations, click:
www.co.ba.md.us/Agencies/Law/Countycode.html

TAXES:

2006 annual property taxes for both parcels are estimated to be $1,745.

TITLE:

The property will be sold free and clear of all liens, in fee simple. The property is sold as per the legal description contained in the record deed.
DEED (pdf)

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NOTE:

Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the site.

TERMS OF SALE:

A $10,000 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 within 24 hours 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. 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 selling parties, 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.

No buyer's premium.


ALSO - LEGATEES' AUCTION*

408 VIRGINIA AVENUE
Adds 20' frontage along north side of 406 Virginia Avenue
Photos of auction property
FRONT VIEW      SIDE VIEW      REAR VIEW

       Adjacent to 406 Virginia Avenue, the property fronts 20' x 127', more or less, for a total of 70' frontage along Virginia Avenue. Also zoned R-O-A, residential-office. In fee simple. The property is improved by a circa 1903 two story porchfront cottage, containing 3 bedrooms and bath, gas heat. *Sold subject to moderate reserve.

       Owned by Estate of George R. Tyler. Deed Liber 11087-418

       DEED (pdf)    (Requires Acrobat Reader to view)
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       2007 Real Estate Taxes - $649.41

       TERMS OF SALE: A $10,000 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 within 24 hours 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. Purchaser assumes the risk of loss from the date of sale forward. Possession shall be given approximately two weeks following auction. 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, transfer taxes and all costs incidental to settlement to be paid by the purchaser. Time is of the essence. No buyer's premium.

MANNER OF SALE TO BE
ANNOUNCED AT TIME OF SALE.

Broker participation is invited.
BROKER REGISTRATION FORM