"Cockeysville" Masonry Industrial Building 32,800± Sq. Ft., Dock Loading, Elevator

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Listing Details

Sold Price
$150,000
Auction Date
Auction Time
11:00 AM
Address
13 Beaver Run Lane, Baltimore County, MD, 21030
County
Baltimore County
Neighborhood
Cockeysville
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

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Rogers, Moore & Rogers, LLP, Solicitors
6 S. Calvert Street
Baltimore, Maryland 21202

TRUSTEES' SALE

AT THE RISK & EXPENSE OF THE
DEFAULTING PURCHASER

 

"COCKEYSVILLE"
MASONRY INDUSTRIAL BUILDING
32,800± Sq. Ft.  Dock Loading  Elevator

 

ZONED BM - BUSINESS MAJOR

Sale On Premises
13 BEAVER RUN LANE
Off York Road
Baltimore County, Md. 21030

WEDNESDAY, NOVEMBER 30, 2011
AT 11:00 A.M.


      Under and by virtue of the power of sale contained in a certain Deed of Trust from BRL L.L.C. to  William C. Rogers, Jr and W. Charles Rogers, III, Trustees dated April 14, 2003 and recorded among the Land Records of Baltimore County in Liber S.M. No. 19901 folio 391 as amended by Amended Deed of Trust dated August 26, 2008 and recorded among the Land Records of Baltimore County in Liber S.M. no. 27311 folio 191, default having occurred thereunder, the undersigned Trustees will sell at Public Auction the following:


      All that fee simple parcel of ground situate and lying in Baltimore County, and being more fully described in the aforementioned Deed of Trust.


      The property is improved by a 3 story masonry warehouse building reported to be built in 1950, containing approximately 30,000 usable square feet.  The building has 10'-12' ceiling height, concrete floors and stairs and has retail use on the first floor, and warehouse use on the upper two floors.  Features include a 2,000-lb. freight elevator and 3 loading docks.  Lot comprises 0.48 acre, more or less.  The property is in a flood zone.


      The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is being made either express or implied as to the accuracy of this information.


      Security Title issued Policy No. C92266902 in the amount of $933,000 ("Policy"), insuring Carrollton Bank regarding the above-referenced deed of trust secured by the property known as 13 Beaver Run Lane, Baltimore County, Maryland.  Subsequently, an Order dated June 17, 2009 was entered in the case entitled, Mayor and City Council of Baltimore v. James Riffin, et al., Circuit Court of Baltimore County, Case No. 03-C-08-0005519 ("Order"), in favor of the Mayor and City Council of Baltimore regarding a boundary line dispute "with regard to the boundary line of the City's Watershed Land near Beaver Run Lane" and the boundary lines of 13 Beaver Run Lane.  As Carrollton Bank was not a party to this case, the aforesaid Order is not binding upon it.


      Security Title will issue its policies of title insurance, up to the purchase price but not exceeding $933,000, to any subsequent purchaser or lender insuring over any loss or damage as a result of the legal affect and operation of the Order, up to its policy limits, which affirmative coverage will include the defense of any challenge to the aforesaid boundary line as shown in the description in the above-referenced Deed of Trust, pursuant to the terms and conditions of the Policy.


      TERMS OF SALE:  A deposit by certified check or cashier's check of $15,000 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. 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 the Trustees.  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 Deed of Trust Note  from date of sale to date of settlement.  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; and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser shall be responsible for obtaining physical possession of the property.  If the 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,  Noteholder, or Auctioneer.  Cost of all documentary stamps and transfer taxes to be paid by the purchaser.  Time shall be of the essence for the purchaser.  Risk of loss on the purchaser from date of sale.


No Buyer's Premium


William C. Rogers, Jr.
W. Charles Rogers, III, Trustees