"Towson Area" Office Building with On-Site Parking

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Listing Details

Sold Price
$510,000
Auction Date
Auction Time
2:00 PM
Address
606 E. Joppa Road, Baltimore County, MD, 21286
County
Baltimore County
Neighborhood
Towson
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Douglas L. Burgess, Solicitor
Nolan, Plumhoff & Williams, Chartered
502 Washington Avenue - Suite 700
Towson, Maryland 21204

MORTGAGE ASSIGNEES' AUCTION

TOWSON AREA
OFFICE BUILDING

With On-Site Parking

Sale On Premises
606 E. JOPPA ROAD
Corner Providence Road
Baltimore County, MD 21286

THURSDAY, DECEMBER 17, 2009
AT 2:00 P.M.

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


        Under and by virtue of the power of sale contained in the Purchase Money Mortgage from Anthony V. Weis and Theresa P. Weis, dated July 10, 2006, and recorded among the Land Records of Baltimore County, Maryland, in Liber 24583, Page 205, said Mortgage having been assigned to Douglas L. Burgess and Robert S. Glushakow, Mortgage Assignees, for foreclosure purposes, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Assignees will sell at Public Auction by virtue of proceedings before The Circuit Court For Baltimore County and captioned as Douglas L. Burgess and Robert S. Glushakow, Mortgage Assignees, vs. Anthony V. Weis and Theresa P. Weis, Case No. 03-C-09-013801, 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, being more fully described in the Deed to Anthony V. Weis and Theresa P. Weis, dated July 10, 2006 and recorded among the Land Records aforesaid in Liber 24583, folio 199, having an address of 606 E. Joppa Road and comprising approximately 0.325 acres of land.


        The property is located just west of Providence Road and fronts approximately 131' along the north side of E. Joppa Road by a depth of approximately 141'.  According to public tax records, the property is zoned RO, residential-office.  The property is easily visible from eastbound or westbound Joppa Road and southbound Providence Road.


        The improvements comprise a two story stone and aluminum sided covered porchfront Cape Cod-style home, believed to have been constructed circa 1923, and subsequently converted to office use.  The building contains approximately 1,220 square feet on the first floor, approximately 880 square feet on the second, and a full finished basement of approximately 1,200 square feet, comprising approximately 3,300 square feet of gross building area.  The building has vinyl-clad double hung windows, a composition shingle roof, front, rear and lower level exterior entrances and zoned air conditioning.  The interior contains a central foyer.  Interior finishes are drywall, plaster and carpeting.  Part of the property may be office tenant occupied.  A detached former garage, located in the rear of the main structure, has been converted to finished office space.  The former garage building contains approximately 440 square feet of gross building area, has vinyl-clad double hung windows, a composition shingle roof and air conditioning.  The lot is asphalt paved and has surface parking for approximately ten cars.


Additional Details


        The property is located opposite the headquarters of Black & Decker and is within walking distance of Downtown Towson, the county seat for Baltimore County.  County office buildings and courts are within one-half mile of the site, as is Towsontown Center regional shopping mall, Towson Marketplace and Goucher College.  The Baltimore Beltway (I-695) is less than one mile north of the property. 


        All public utilities are in the site.  The property has several mature trees and a high visibility directory sign along E. Joppa Road.


        The first floor is reported to be leased to Good Counseling Center at a monthly rental of $1,700/month.  Although the tenant is reported to have two years remaining on their lease, their tenancy will continue at the purchaser's option. 

Photos of auction property
DIRECTORY SIGN    TAX MAP


        Zoning is RO, residential-office.  For more information see the: Baltimore County Zoning Code online.


        Copy of Deed with metes and bounds description (pdf)


        The property will be sold in AS-IS, WHERE-IS condition and subject to conditions, restrictions, and agreements of record affecting the same, with no warranty of any kind, express or implied.  Dimensions, square footage and acreage mentioned in this advertisement are approximate and more or less. 


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 is to be increased to ten percent (10%) of the purchase price within twenty-four (24) hours at the office of the auctioneers.  No deposit will be required of the Mortgagee or its wholly owned subsidiary if the property is purchased by the Mortgagee  or its wholly owned subsidiary. 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. TIME IS OF THE ESSENCE FOR THE PURCHASER.  If payment of the balance does not take place within the specified time, the deposit shall be forfeited, the property will be resold at the risk and expense of the defaulting Purchaser, and the defaulting Purchaser shall be required to pay a reasonable attorney's fee of not less than $1,250.00 and costs related to the re-sale of the property.  The Mortgagee  shall be entitled to all excess proceeds under a resale of the property.  Interest to be charged on the unpaid purchase money, at the rate stated in the Mortgage filed in the foreclosure proceedings, from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes, ground rent and all other public charges and assessments for the current year, 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. All costs incident to the settlement shall be paid by the Purchaser with all costs of documentary stamps, transfer taxes and recording charges to be paid by the Purchaser. Neither the Assignees, nor the Mortgagee shall pay any costs of any kind for closing the transaction. All closing costs are borne by the Purchaser.  The property will be sold  in "AS IS WHERE-IS" condition, without express or implied warranty as to the nature, condition and/or  description of the improvements, the ability of the property to be further developed or subdivided, the ability of the improvements to be maintained as separate rental units, the ability of the property to be divided into rental units, the value, profitability or income potential of the property, the ability of the property to obtain or maintain multiple family dwelling permits, the existence or non-existence of lead paint or any existent or latent environmental condition affecting the property and the improvements. The sale shall be subject to any governmental or housing code violations, easements, agreements, tenancies, restrictions and/or covenants of record affecting same, if any. Conveyance shall be by Assignees' Deed without covenant or warranty, express or implied.  The Purchaser shall be responsible for complying with the registration of the property with those governmental entities having jurisdiction over the property, if applicable.  If settlement is delayed for any reason, there will be no abatement of interest. This Advertisement may be amended or supplemented by oral announcements during the conduct of the sale, and any such announcements shall constitute further terms or conditions upon which the above described property will be offered for sale.  The Assignees may reject and withdraw a bid by a prospective bidding Purchaser at sale, if the Assignees determine that any bid so offered is not commensurate with the value of the property being foreclosed upon. The highest bidder acknowledged by the Assignees shall be the Purchaser, and in the event of any dispute among the bidders, the Assignees shall have the sole and absolute final discretion to determine the successful bidder or to resell the property.  Purchaser shall be responsible for obtaining physical possession of the property, and the risk of loss shall be assumed by the Purchaser from the date of sale.  If the Assignees are unable to convey good and marketable fee simple 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  Assignees, the Mortgagee, the Solicitors  or Auctioneer.  The right to postpone, set over, or cancel the sale prior to the scheduled sale is reserved by the Assignees.  Any such postponement, setting over, or cancellation will be announced on the scheduled date of sale.  Purchaser agrees to pay $295.00  to Mortgagee's attorney for review of the settlement documents and an additional fee of $295.00 for review of any motion which may be subsequently filed with the Court to substitute a Purchaser herein.


Douglas L. Burgess, Robert S. Glushakow,
Mortgage Assignees


No Buyer's Premium


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)