"Randallstown-Holbrook Area" 3.93 Acre± Residential & Commercial Property Formerly "Chapman Gardens" Retail Nursery and Garden Center

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Listing Details

Sold Price
$320,000
Auction Date
Auction Time
11:00 AM
Address
10225 Liberty Road, Baltimore County, MD, 21133
County
Baltimore County
Neighborhood
Randallstown - Holbrook Area
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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David S. Musgrave, Solicitor
Ober, Kaler, Grimes & Shriver
120 E. Baltimore Street
Baltimore, MD 21202-1643

MORTGAGE ASSIGNEE'S AUCTION
                                               
Randallstown-Holbrook Area


3.93 ACRE± RESIDENTIAL &
COMMERCIAL PROPERTY

 

 

Formerly Known As
"Chapman Gardens"
Retail Nursery and Garden Center
- Including -
Two Story Cottage, Greenhouses,
Garage, Sheds, Barn and Pond

 

 Sale On Premises
10225 LIBERTY ROAD
South Side of Liberty Road (MD-26)
West of Deer Park Road
Baltimore County, MD 21133

THURSDAY, MAY 7, 2009
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 the First Purchase Money Mortgage from Claude Snyder, Jr. and Jacqueline E. Rogers to the Mortgagee therein, dated February 3, 2006 and recorded among the Land Records of Baltimore County in Liber 23379, folio 176, the holder of the indebtedness secured thereby having assigned said Mortgage to David S. Musgrave, to act as Mortgage Assignee for foreclosure purposes, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby the undersigned Mortgage Assignee will sell at Public Auction on the premises the following:

        All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described as follows:

        BEING KNOWN AND DESIGNATED as Lot No. 1A, as shown on a Plat entitled "Amended Subdivision Plat, Henry H. W. Chapman and Wife", which Plat is recorded among the Land Records of Baltimore County, Maryland in Plat Book SM 71, page 86.

        SUBDIVISION PLAT (pdf)

        The property fronts 265' along the south side of Liberty Road (Maryland Route 26), by a depth of 596', comprising 3.9306 acres of land.  Approximately 1.6 acres, comprising the Liberty Road frontage appear to be located in a BL, Business-Local zoning district.  The balance of the property, comprising about 2.33 acres appears to be zoned RC-5, resource-conservation residential.  DIMENSIONS AND ACREAGE CONTAINED HEREIN ARE APPROXIMATE AND MORE OF LESS.  Prospective purchasers are encourage to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.  The site appears to be served by private well(s) and septic.  The lot is rolling, mostly clear and has a scenic pond.  An asphalt paved parking area bounds the Liberty Road frontage.

        The property was formerly known as "Chapman Gardens", a retail nursery and garden center.  Improvements include a two story covered porchfront frame cottage, detached garage, a barn, small retail sales center, greenhouses, greenhouse frames and sheds.

Photos of auction property
HOUSE - FRONT     HOUSE - REAR     GREENHOUSE    
SALES BUILDING     GARAGE     BARN     POND & GAZEBO    
STREET SCENE #3     STREET SCENE #2     STREET SCENE #3

        TERMS OF SALE:  A $25,000 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.  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 twenty (20) business days following final ratification of the sale by the Circuit Court for Baltimore County at the offices of the Mortgage Assignee.  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 Mortgage, 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;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any, as well as existing zoning.  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 Mortgage 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 Mortgage 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 Mortgage Assignee, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller's attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.

        Additional terms may be announced at the time of sale. The Mortgage Assignee reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.


No Buyers Premium

David S. Musgrave, Mortgage Assignee