"Owings Mills - Tollgate Area" Colonial Home on 1.0 Acre Arranged for 2 Apartments with Subdivision Potential!

12965_ritters70_front.jpg

Listing Details

Sold Price
$238,000
Auction Date
Auction Time
11:00 AM
Address
70 N. Ritters Lane, Baltimore County, MD, 21117
County
Baltimore County
Neighborhood
Owings Mills
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

Use Mobile?
12965_ritters70_rearyard.jpg
12965_ritters70_rearyard.jpg
12965_ritters70_garage.jpg
12965_ritters70_AdjHomesEast.jpg
12965_ritters70_AdjHomeWest.jpg
12965_ritters70_front.jpg

PUBLIC AUCTION
                           
OWINGS MILLS

"Tollgate Area"

COLONIAL HOME
Arranged for 2 Apartments
GARAGE  1.0 ACRE

Zoned D.R. 3.5
Subdivision Potential!

Sale On Premises
70 N. RITTERS LANE
Off 11000 Reisterstown Rd.
BALTIMORE CO., MD 21117


FRIDAY, MARCH 28, 2008
AT 11:00 A.M.


NOTE:  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 and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION & DIRECTIONS:

Nice neighborhood comprising a mixture of new housing, updated older homes and turn of the century homes (most of which have been renovated).  70 N. Ritters Lane is located just several blocks west of the 11000 block of Reisterstown Road, approximately 0.7 mile northwest of Owings Mills Boulevard.  The home is located minutes from I-795, providing access to employment centers and the Metro Subway Owings Mills Station. Shopping and restaurants are conveniently located throughout the surrounding community.  Within walking distance are Owings Mills Elementary School and Owings Mills High School (both within 2 blocks).



For directions from your location, visit: MapQuest

 

SITE AREA

Great lot measuring 110.5' front, 114.6' rear, with depths of 416.5' and 393', comprising 1.0 acre, more or less.

The home is currently hooked into public water, public sewer and natural gas.

 

IMPROVEMENTS

Two story colonial home with a covered front porch (Circa 1925 according to tax records). The home features hardwood floors, oil hot water heat, 2 electric meters and 3 gas meters.  There is a detached two car garage.  The home has "great bones", but is in need of repairs and updating, and is arranged as follows:

First Floor Apartment - foyer, living room, eat-in kitchen, summer kitchen (with walk-out to rear deck), bedroom and bathroom

Second Floor Apartment (separate entrance) - 3 rooms,  eat-in kitchen (with walk-out to a balcony) and bathroom

Attic - drop stair access; floored

Full basement with laundry area

 

ZONING

D.R. 3.5, single family residential.  Although used as two apartments for  numerous years, there is no zoning permit for two apartments.  Note: The site does have subdivision potential.

For additional Baltimore County zoning information, visit:
http://www.baltimorecountymd.gov/Agencies/myneighborhood/zoning.html

 

REAL ESTATE TAXES

$3,188

 

TITLE

In fee simple;  sold free and clear of all liens

 

INSPECTION TIME

10:00 a.m. on the day of the auction.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $15,000 will be required of the purchaser at time and place of sale.  The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; the existing zoning or permitted uses;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.  NO BUYERS PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM