Northeast Baltimore Church Building

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Listing Details

Sold Price
$275,000
Auction Date
Auction Time
11:00 AM
Address
4623 Bowleys Lane, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Northeast Baltimore
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Alan A. Abramowitz, Solicitor
Bouland & Brush, LLC
201 N. Charles St., 21201


ASSIGNEE'S SALE

- Northeast Baltimore -
CHURCH BUILDING

Renovated  0.88± Acre

Sale On Premises
New Generation Miracle Church
4623 BOWLEYS LANE
One Block  S. Of Moravia Rd.
BALTO., MD 21206

THURSDAY, FEBRUARY 4, 2010
AT 11:00 A.M.

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


        Under and by virtue of the power of sale contained in a certain Purchase Money Mortgage from New Generation Miracle Church to Two Farms, Inc. dated October 28, 2003 and recorded among the Land Records of Baltimore City in Liber 5207, Folio 288, default having occurred under the terms thereof, and at the request of the party secured thereby having assigned the same to Alan A. Abramowitz, Assignee, the undersigned will sell at Public Auction, the following: 

        All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland, and being more fully described in the above referenced Mortgage.

        The property is improved by a one story church building (reportedly constructed in 1950 and renovated in 2005) comprising 2,760 square feet (according to tax records).  Reportedly, the church contains a 200 seat sanctuary with 3 rest rooms, baptismal pool and stage; gas forced hot air heat and central air conditioning.  There is a paved parking lot.  Lot size: 0.88 acre, more or less.  The property is zoned BR-116.

        BLOCK PLAT (pdf)

        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 is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  The holder of the indebtedness, 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 City at the offices of the Assignee.  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 purchaser.  Interest to be charged on the unpaid purchase money, at the rate stated in the foreclosed mortgage, 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 and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Assignee,  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 Assignee 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 Assignee, Mortgage holder or Auctioneer.  Cost of all recordation and transfer taxes to be paid by the purchaser.  Time shall be of the essence for the purchaser.


Alan A. Abramowitz, Assignee