"Woodlawn" - Near Social Security 4-Unit Brick Apartment Building

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Listing Details

Sold Price
$275,000
Auction Date
Auction Time
11:00 AM
Address
6412 Windsor Mill Road, Baltimore County, MD, 21207
County
Baltimore County
Neighborhood
Woodlawn, Near Social Security
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Jeffrey L. Forman, Attorney
Kauffman and Forman, P.A.
406 W. Pennsylvania Avenue
Towson, MD 21204

ESTATE AUCTION
                        
WOODLAWN
Near Social Security

4 - Unit, Brick
APARTMENT BUILDING

Sale On Premises
6412 WINDSOR MILL ROAD
Off Woodlawn Drive
Baltimore County, MD 21207

WEDNESDAY, AUGUST 21, 2013
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 & DIRECTIONS:

6412 Windsor Mill Road is located in western Baltimore County.  The property is situated on the north side of Windsor Mill Road, east of Woodlawn Drive and west of Gwynn Oak Avenue, near the Social Security Administration headquarters, Meadows Industrial Park, Baltimore Beltway (I-695) Exit 17 and I-70.  Due to the proximity of employment centers and interstate highways, demand for neighborhood housing is strong.  According to the Baltimore County Government Web Site nearby public schools are Woodmoor and Powhatan Elementary, Woodlawn Middle and Woodlawn High.

For directions from your location, visit: maps.google.com

 

SITE AREA

Generally rectangular and level lot - approximately 50' x 331', comprising approximately 0.38 acre
Photos of auction property


Off-street gravel parking area for approximately 6 to 8 vehicles
Photos of auction property


Commercial Zoning - BL-AS, Business Local


Public water, sanitary sewer, gas, electricity, telephone are in the site


SUBDIVISION PLAT (pdf)

 

IMPROVEMENTS

Freestanding Two Story Brick Apartment Building - according to public tax records, the building was constructed in 1944 and contains 3,672 square feet of living area, plus full basement.


Exterior
Brick construction
Full concrete block basement foundation
Wooden double hung windows
2 - rear wooden balconies
Composition shingle roof, rain spouts
Old wooden garages


Interior
Plaster walls
Hardwood floors
Ceramic tile bath floors and wainscots


The building contains 4 apartment units.  Each unit comprises approximately 900 square feet and contains a living room, eat-in kitchen with vinyl floor and wood cabinets, 2 bedrooms and full bath.  The basement comprises approximately 1,800 square feet, is unfinished and has an exterior entrance.  The basement houses the mechanical systems, has a laundry area with utility sink, and a toilet.


Interior Photos:

 


 


Mechanical
Separate gas and electric meters for each apartment and public meters
Oil fired hot water heat with radiators (new furnace in 2010)
Gas water heater (new in 2010)


OCCUPANCY, RENT ROLL & OPERATING EXPENSES:

The building is 100% occupied with tenancies ranging from approximately 4 to 12 years.  All tenancies are month-to-month.  A pro forma income and expense statement is available.  Please complete the Waiver and Confidentiality Agreement (pdf) and the information will be emailed.

 

REAL ESTATE TAXES

Published taxes for 2012-2013 were $4,614, based on a full value tax assessment of $278,800.  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

 

TITLE

The property is in fee simple and sold free and clear of liens. Baltimore County Deed Liber 20892, Folio 542.

 

INSPECTION TIME

The property will be open for inspection one hour prior to the auction.

 

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 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. All adjustments, including taxes, rents, 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.  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. 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:
Pamela L. Riesner, Successor Trustee
Under the Will of William D. Mansfield

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.