"Sykesville" Well Located Masonry & Frame Retail Sales Building Zoned BG - General Business (Sale Price Includes Prior Mortgage)

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Listing Details

Sold Price
$462,862
Auction Date
Auction Time
11:00 AM
Address
1526 Liberty Road, Carroll County, MD , 21784
County
Carroll County
Neighborhood
Sykesville
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, MD 21117


SUBSTITUTE TRUSTEES’ SALE
    
                       
SYKESVILLE


WELL LOCATED
MASONRY & FRAME
RETAIL SALES BUILDING


ZONED BG - GENERAL BUSINESS

Sale On Premises
1526 LIBERTY ROAD
Carroll County,  MD 21784


TUESDAY, SEPTEMBER 20, 2011
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 Deed of Trust from Gilbert T.  Lindstrom and Barbara G. Lindstrom to Trustees, dated September 30, 2005 and recorded among the Land Records of Carroll County, Md., in Liber 4609, Folio 293,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz and Eric A. Hartlaub as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustees will sell at Public Auction the following:


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


        The property is improved by a 2 story frame and masonry building comprising 13,400 square feet, more or less. The first floor contains retail sales, service area, offices, kitchenette, and 2 rest rooms. The second floor is used for storage.  Small basement area.  Gas hot air heat. Central air conditioning and some window units. Lot size: 100' x 435.6', or 1 acre, more or less. Public utilities are in the property.  The property was formerly occupied by C & L Cycle Shop, Inc.


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


        TERMS OF SALE:  A deposit by certified check or cashier's check of $30,000 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 Carroll County at the offices of the Substitute 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, per annum  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 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, Noteholder, or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.  The risk of loss is on the purchaser from the date of sale.

 

 Ronald B. Katz,
                                    Eric A. Hartlaub, Substitute Trustees