Absolute Auction Above $89,000 "Arbutus" Brick Colonial Home & One Story Studio/Office Building

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Listing Details

Sold Price
$100,000
Auction Date
Auction Time
11:00 AM
Address
4101 West Drive, Baltimore County, MD, 21229
County
Baltimore County
Neighborhood
Arbutus
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To the Highest Bidder Above $89,000
                  
ARBUTUS

BRICK COLONIAL HOME

And One Story Former
BARBER SHOP BUILDING
Ideal for Office or Studio

- Zoned BL, Business Local -

Sale On Premises
4101 WEST DRIVE
One Block South of Wilkens Avenue
Baltimore County, MD 21229

THURSDAY, JANUARY 17, 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:

4101 West Drive is located in southwestern Baltimore County.  Situated one block south of Wilkens Avenue, the property is located west of Leeds Avenue and east of S. Beechfield Avenue.  The surrounding area is a mixture of single family residential and small commercial properties.  Shopping and public transportation are within walking distance.  The site is less than one mile east of Beltway (I-695) Exit 12, providing easy access to employment centers throughout the metropolitan area.  According to the Baltimore County government web site, nearby public schools are Halethorpe Elementary, Arbutus Middle and Catonsville High.

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

 

SITE AREA

Level lot, fronts 80' on West Drive, with depths of 50.25' and 44.91', and 73.6' along Ridge Drive in the rear.


Zoning BL, business local


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


Baltimore County GIS map:
Photos of auction property

 

IMPROVEMENTS

Two Story Colonial Home - according to Baltimore County tax records, the home was built in 1942 and contains 1,484 square feet of living area, and 600 square feet of basement space.


Exterior - brick exterior walls, concrete block foundation, vinyl-clad double-hung replacement windows, composition shingle roof with aluminum rain gutters


First Floor - living room with wood floor, eat-in kitchen with vinyl floor, metal cabinets, laminate counters
Photos of auction property
LIVING ROOM    KITCHEN


Second Floor - two bedrooms with wood floors, linen closet, full bath
Photos of auction property
BEDROOM #1    BEDROOM #2


Unfinished Basement - toilet, outside exit, laundry area


Mechanical - gas hot water heat with radiators, 30-gallon gas water heater, 100-amp. electric


Freestanding Building
Approximately 15' x 20' former barbershop is ideal for use as an office, studio or retail store.
Photos of auction property
SHOP INTERIOR - PHOTO #1    PHOTO #2

 

REAL ESTATE TAXES

Published annual real estate taxes for the current year are $2,417, based on a full value assessment of $165,700.  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 12443, folio 390.

 

INSPECTION TIME

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

 

TERMS OF SALE

A $5,000 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. 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.   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.

 

FINANCING

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