1.25 ACRES+/-

Listing Details

Sold Price
$200,000
Auction Date
Auction Time
12:50 PM
Address
Parcel B, Lot 2 - Off Joppa Road, Adjacent to Merritt Office Park, Near Orchard Tree Lane, Baltimore County, MD, 21234
County
Baltimore County
Neighborhood
Parkville
Scroll down for Complete Details, including: property description and Terms of Sale.

Sold: $200,000 prior to the auction.

Stephen M. Goldberg, Solicitor
Tydings & Rosenberg, LLP
100 E. Pratt Street - 26th Floor
Baltimore, Maryland 21202

SUBSTITUTE TRUSTEES' AUCTION

PRIME BALTIMORE COUNTY
COMMERCIAL PROPERTIES

Comprising
AUTOMOBILE SHOWROOMS
SERVICE & STORAGE FACILITIES

Formerly Occupied by Schaefer & Strohminger

 

Excellent Locations – Redevelopment Potential

Sales On Respective Premises
TUESDAY, OCTOBER 12, 2010

At the Following Times


      Under and by virtue of the power of sale contained in a certain Indemnity Deed of Trust from S&S Enterprises, dated January 21, 1992 and recorded among the Land Records of Baltimore County, Maryland, in Book 9038, Page 016, as modified and amended from time to time and which are more particularly described and set forth in the Order to Docket Foreclosure of Commercial, Non-Residential Properties in the foreclosure action pending in the Circuit Court for Baltimore County, entitled Michael Germaine and Stephen M. Goldberg, Plaintiffs v. S&S Auto Properties, LLC, Case No. 03C100009204, the holder of the indebtedness secured thereby having appointed the undersigned Substitute Trustees to sell at Public Auction, on the premises, 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 above-referenced Indemnity Deed of Trust and/or amendments thereto.


      The metes and bounds descriptions and/or plats are available - see below.  For complete site information, prospective purchasers should refer to those metes and bounds descriptions and/or plats.  Prospective purchasers are encouraged to perform their own due diligence with regard to the zoning and permitted uses of the property.  Site and improvement descriptions stated below are for informational purposes only and are made without express or implied warranty.  Dimensions, square footage and acreage mentioned within this advertisement are approximate and more or less. The auction includes the following properties:

 

This auction has been canceled.
The property has been sold.

AT 12:50 P.M.

PARCEL B, LOT 2 – 1.25 ACRES+/-
Situated Adjacent to Merritt Office Park
& Clay's Plaza Shopping Center
Off 1500 Block of E. Joppa Road,
Near Orchard Tree Lane
Parkville, Baltimore County, MD 21234

Photos of auction property
AERIAL PHOTO    ACCESS ROAD PHOTO #1    ACCESS ROAD PHOTO #2
SITE PHOTO #1    SITE PHOTO #2

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


      Identified as Baltimore County Tax Account #04-09-2300008659, and known as Parcel B, Lot 2 as shown on the plat recorded among the Land Records of Baltimore County in Plat Book SM 72, Page 85.  The property consists of a level, gravel paved lot, approximately 240' x 225', comprising approximately 1.245 acres, enclosed by a chain link fence. The lot is currently being used for vehicle storage.  Deeded access is by a 25' right-of-way from E. Joppa Road.  The property is believed to be zoned BR, Business Roadside and adjoins the Merritt Office Park, Clay's Plaza Shopping Center and shopping areas along Orchard Tree Lane.


       METES AND BOUNDS DESCRIPTION (pdf)


       SUBDIVISION PLAT (pdf)


      Required Deposit $25,000

 


 

 

TERMS OF SALE


      Deposits, as stated above, 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.  The holder of the indebtedness, the beneficiary of the Deed of Trust, or their affiliate, if a bidder at the sale, shall not be required to post a deposit.  Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore County at the offices of Tydings & Rosenberg, LLP.  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 stated in the foreclosed Indemnity Deed of Trust Note, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  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; subject to any environmental condition or matter, if any, whether latent or otherwise, and subject to any easements, agreements, restrictions or covenants of record affecting same, if any, and any governmental requirements affecting same.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, 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 Substitute Trustees are 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 Substitute Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $500 document review fee by the Seller's attorney, to be paid by the purchaser. Time shall be of the essence for the purchaser.


No Buyers Premium


Michael Germaine and Stephen M. Goldberg,
Substitute Trustees

 


ADDITIONAL INFORMATION


2010 Published Annual Real Estate Taxes:

Parcel B
$5,302.09, based on a full value assessment of $468,700

 


Baltimore County, MD - Assistance Programs
The Baltimore County Department of Economic Development may have programs that could help a commercial purchaser of these properties. For more information, click to download the: Summary of Assistance Available to County Businesses (pdf).