"Towson, Idlewylde- Stoneleigh Area" Three Unit, Mixed Use Building

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Listing Details

Sold Price
$200,000
Auction Date
Auction Time
2:00 PM
Address
6318 Sherwood Road, Baltimore County, MD, 21239
County
Baltimore County
Neighborhood
Towson, Idlewylde, Stoneleigh
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

 

TOWSON
Idlewylde - Stoneleigh Area

 

- Three Unit -
MIXED-USE BUILDING
PIZZA SHOP ✦ BEAUTY SALON ✦ APARTMENT

Sale On Premises
6318 SHERWOOD ROAD
Near 900 Overbrook Road
Baltimore County, Maryland 21239


WEDNESDAY, NOVEMBER 6, 2013
AT 2:00 P.M.


NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.


LOCATION:

6318 Sherwood Road is located in the southern portion of Towson, just north of the Baltimore City/County Line. Sherwood Road is the continuation of The Alameda, running for just four blocks north of Walker Avenue. The property is located in the Idlewylde subdivision. Adjoining and other area neighborhoods include Anneslie, Stoneleigh, Maxalea and Lake Walker. Towson University is a short distance to the northwest. I-695 and I-83 are each a little more than 3 miles away via York Road and Northern Parkway, respectively.


The 6300 block of Sherwood Road comprises a pocket, neighborhood commercial strip featuring small food markets, automotive services, carry-out food options and other neighborhood oriented services. Area housing is varied, and includes detached, semi-detached and townhomes. The property sits in a unique, convenient neighborhood corridor, offering an excellent investment opportunity in its current configuration, or with a large number of options for user reconfiguration.  

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


SITE:

Rectangular lot comprising 0.19 acre, more or less
6+ car parking in rear
Walk-In Freezer
All public utilities are in the site


Aerial Photo:
Photos of auction property


Baltimore County GIS Map:
Photos of auction property


SITE PLAN (PDF)


IMPROVEMENTS:

Two story brick building with lower level at grade in the rear - according to public tax records the property was constructed in 1933, and is believed to contain 1,516 square feet on the upper two floors, and 758 square feet of finished lower level space. The property is arranged for two commercial and one residential self-contained units as follows:


Exterior
Brick walls
Vinyl-clad replacement windows
Asphalt shingle roof
Separate exterior entrances to each unit
Aluminum gutters and downspouts


Lower Level

Arranged for carry-out restaurant:

  • Entry with walk-up counter
  • Service area with prep stations
  • Full kitchen with overhead exhaust, range, oven and multiple refrigerator/freezers
  • Storage closet
  • Powder room


First Floor - Sofi’s Hair Braiding

Lease: 5 year lease commenced on September 1, 2007. $1,000 per month through September 1, 2016, with 5% annual rent increases thereafter.

Arranged for hair braiding salon:

  • 3 rooms - hardwood floors, braiding stations, seating area
  • Full bath
  • Closet


Second Floor - Apartment

  • Living room
  • Dining room
  • Kitchen
  • Bedroom
  • Full bath


Mechanical
Gas radiant heat
Window air conditioning
Gas hot water heaters
Separate gas and electric meters
Common water meter


Expenses

Landlord pays real estate taxes, insurance and exterior maintenance. Tenants pay utilities as stated in the leases.


Leases and Lead Certificate:
Click each link to open the files as a PDF.


TAXES:

Published annual real estate taxes for 2013-2014 are $3,611.86.


TITLE:

The assets are sold free and clear of liens.  The real estate is in fee simple.  Baltimore County Deed Liber 23581, folio 148.


FINANCING:

See our Financing Page for a list of auction-oriented lenders.


TERMS OF SALE:

A $15,000 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.  Balance to be paid in cash at settlement, which shall take place within 45 days.  If payment of the deposit or 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. All adjustments, including taxes, rents, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the Purchaser.  The property will be sold in "AS IS" condition, and subject to easements, agreements, the rights of existing tenants, restrictions or covenants of record affecting same, if any.  Purchaser assumes the risk of loss from the date of sale forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. The Purchaser waives and releases the Seller, 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 Seller 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 Seller or Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.


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