"Reisterstown" 1.116 Acre Executive Homesite

Listing Details

Sold Price
$125,000
Auction Date
Auction Time
11:00 AM
Address
Lot 1, 1230 Saffell Road, Baltimore County, MD, 21136
County
Baltimore County
Neighborhood
Reisterstown
Scroll down for Complete Details, including: property description and Terms of Sale.

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

SUBSTITUTE TRUSTEES' AUCTION
                              
REISTERSTOWN


7 - EXECUTIVE HOMESITES
- And -
30 ACRE± PARCEL

 

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Sale On Premises
END OF SAFFELL ROAD
Off Berrymans Lane West of I-795
Baltimore County, MD 21136

WEDNESDAY, APRIL 28, 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 Indemnity Deed of Trust and Security Agreement from Saffell Road, LLC to the Trustees therein, dated December 23, 2005, and recorded among the Land Records of Baltimore County, Maryland, in Liber 23161, folio 028 and Supplemental Indemnity Deed of Trust dated May 23, 2007, recorded in the Land Records aforesaid at Liber 25389, folio 398 (collectively the "Deed of Trust"), the current holder of the Note being secured thereby having appointed Robert S. Glushakow and Douglas L. Burgess to act as Substitute Trustees, in place and stead of the aforementioned Trustees, 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 Substitute Trustees will sell at Public Auction by virtue of proceedings before The Circuit Court For Baltimore County and captioned as Robert S. Glushakow, Douglas L. Burgess Substitute Trustees, vs. Saffell Road, LLC, Case No. 03-C-10-001698, on the premises, the following:


        All those fee simple lots or parcels of land, situate and lying in Baltimore County, State of Maryland and being described as follows:


RESIDENTIAL LOTS


        BEING KNOWN AND DESIGNATED AS Lots 1, 2, 3, and 5, as shown on Plat 4 of 6 of the Caswell/GVSC Property and recorded among the Land Records of Baltimore County in Plat Book S.M. 78, folio 223 and Lots 13, 14 and 15, as shown on Plat 5 of 6 of the Caswell/GVSC Property and recorded among the aforesaid Land Records in Plat Book S.M. 78, folio 224.

        
        The property is located in the Caswell GVSC (Green Valley Swim Club) subdivision of Reisterstown, located south of Deer Park Road, west of Berrymans Lane, north of Soldiers Delight Environmental Area and east of Ivy Mill Road.  Neighborhood homes are typically large, upscale and well-maintained, situated on minimum one acre lots.  The offered property is located on paved roadways ending in cul de sacs.  Well and septic is required.  Several lots may have wells on them.  The lots are partially wooded, partially clear and surrounded by rolling countryside. 


        Additional information on well and septic, obtained from public information, deemed accurate but not warranted:


All lots were percolated as shown on the: Baltimore County "Approval Letter" (pdf)


Existing wells are on Lots No. 1, 3, 13 and 14.  Partially drilled wells are on Lots No. 2 and 15, but are currently dry.  No wells are on Lot No. 5 or Partial Lots 6/9.  All lots have been flagged for identification.


        As shown on the record plats:

 



        Lot 1 comprises 1.116 acres and is known as 1230 Saffell Road



        Lot 2 comprises 1.132 acres and is known as 1232 Saffell Road



        Lot 3 comprises 1.111 acres and is known as 1234 Saffell Road



        Lot 5 comprises 1.107 acres and is known as 6204 Roman Drive (a/k/a Caswell Ridge Way)



        Lot 13 comprises 1.027 acres and is known as 1238 Saffell Road



        Lot 14 comprises 1.145 acres and is known as 1240 Saffell Road



        Lot 15 comprises 1.067 acres and is known as 1242 Saffell Road



        Download the full plats:
        PLAT 4 - LOTS 1, 2, 3, 5 (pdf)

        PLAT 5 - LOTS 13, 14, 15 (pdf)




ACREAGE PROPERTY


        Download the full plat: PLAT - 30± Acres (pdf)


        Parcel of Land Located at Northwest & Southwest Corners of Saffell Road and Roman Drive:


        Parcel #1

        Beginning for the same at the beginning of that land described in a deed dated February 28, 1955 and recorded among the Land Records of Baltimore County in Liber G.L.B. 2656 folio 409 was conveyed by William A. Gawel and Violet L. Gawel unto Green Valley Swim Club, Inc.,  said point also being at the end of the fourteenth or South 10 degrees 04 minutes East 623-2/100 foot line of that land thirdly described in a deed dated December 26, 1984 and recorded among the Land Records of Baltimore County in Liber E.H.K., Jr. 6842 folio 06 was conveyed by the First National Bank of Maryland, Herbert E. Witz and Richard M. Lundberg unto the First National Bank of Maryland, Herbert E. Witz and Richard M. Lundberg; thence binding on the first line of said deed 2656/409 and binding reversely on the fourteenth line of the thirdly described parcel of said deed 6842/06


        1.  North 18 degrees 53 minutes 16 seconds West 623.95 feet to a stone found; thence binding on the second line of said deed 2656/409 and binding reversely on the thirteenth line of the thirdly described parcel of said deed 6842/06


        2.  North 38 degrees 09 minutes 32 seconds East 867.70 feet to the end of the twelfth line of the thirdly described parcel of said deed 6842/06 at a point being North 82 degrees 36 minutes 09 seconds East from a pipe found at the beginning of said twelfth line; thence binding on the third line of said deed 2656/409


        3.  North 82 degrees 36 minutes 09 seconds East 575.83 feet; thence


        4.  South 49 degrees 19 minutes 07 seconds East 95.10 feet to the end of the first or North 64 degrees 05 minutes 24 seconds West 697.69 foot line of that land firstly described in a deed of Conservancy Area Easement dated April 30, 2000 and recorded among the Land Records of Baltimore County in Liver S.M. 14538, folio 591 was made between James G Saffell, III and Baltimore County, Maryland, thence binding on the fifth line of said deed 2656/409 and reversely on the first line of said deed 14538/591


        5.  South 64 degrees 19 minutes 07 seconds East 825 feet to a point being South 04 degrees 09 minutes 35 seconds West 0.23 feet to a pipe found; thence binding on the sixth line of said deed 2656/409 and binding on the westernmost outline of a plat entitled "Plat 1 of 1, Saffell Property, Section Two" and recorded among the Land  Records of Baltimore County in Plat Book S.M. 74 folio 02 and also binding reversely on the sixth line of the thirdly described parcel of said deed 14538/591


        6.  South 25 degrees 10 minutes 53 seconds West 1673.75 feet to intersect the eighth or South 68 degrees 42 minutes 15 seconds East 1588.13 foot line of that land described in a deed dated January 29, 2004 and recorded among the Land Records of Baltimore County in Liber S.M. 19536 folio 347 was conveyed by William P. Caswell and Errol W. Caswell unto William P. Caswell at a point being North 32 degrees 46 minutes 18 seconds West  0.50 feet from a bar and cap found; thence binding on the seventh and eighth lines of said  deed 2656/409 and reversely on part of the eighth line of said deed 19536/347


        7.  North 68 degrees 55 minutes 46 seconds West 1192.13 feet to a bar and cap found; thence binding on the last line of said deed 2656/409 and reversely on part of the fifteenth line of the thirdly described parcel of said deed 6842/06


        8.  North 33 degrees 09 minutes 49 seconds East 189.75 feet to the place of beginning.


        Containing 54.883 acres of land, more or less, as surveyed in April of 2003 with the courses based on the Maryland State Coordinate System (NAD 83/91).


        SAVING AND EXCEPTING #1


        Beginning for the same at end of the fifth or South 60-1/2 degrees East 50 perch line of that land described in a deed dated February 28, 1955 and recorded among the Land Records of Baltimore County in Liber G.L.B. 2656 folio 409 was conveyed by William A. Gawel and Violet L. Gawel unto Green Valley Swim Club, Inc.; thence running through the said lands of Green Valley Swim Club, Inc. for the outlines of a special exception are the following eleven courses and distances:


        1.  By a curve to the left having a radius of 120.00 feet, an arc length of 234.33 feet and a chord bearing South 54 degrees 32 minutes 47 seconds West 198.83 feet; thence


        2.  South 01 degrees 02 minutes 26 seconds East 113.90; thence


        3.  By a curve to the right having a radius of 80.00 feet, an arc length of 36.61 feet and a chord bearing South 12 degrees 04 minutes 13 seconds West 36.29 feet; thence


        4.  South 25 degrees 10 minutes 53 seconds West 359.00 feet; thence


        5.  North 70 degrees 49 minutes 07 seconds West 692.78 feet; thence


        6.  North 25 degrees 32 minutes 05 seconds East 347.95 feet; thence


        7.  North 68 degrees 59 minutes 01 seconds West 375.55 feet; and


        8.  North 02 degrees 46 minutes 48 seconds East 287.22 feet to intersect the third line of said deed 2656/409, thence binding on part of said third line


        9.  North 82 degrees 36 minutes 09 seconds East 349.19 feet to the end thereof; thence  binding on the fourth and fifth lines of said deed the following two courses and distances;


        10.  South 49 degrees 19 minutes 07 seconds East 95.10 feet; and


        11.  South 64 degrees 19 minutes 07 seconds East 825 feet to the place of beginning.


        Containing 14.765 acres of land, more or less, with the courses based on the Maryland State Coordinate System (NAD83/91).


        SAVING AND EXCEPTING #2


        Saffell Road and Roman Drive as shown on Plats 1 thru 4 of The Caswell/GVSC Property and recorded among the Land Records of Baltimore County in Plat Book S.M. 78, Folio 220 thru 223


        SAVING AND EXCEPTING #3


        Parcel of Land to be conveyed to Lot 20 on Plat S.M. 74 Folio 02 as shown on Plat S.M. 78 Folio 220 recorded among the Land Records of Baltimore County.


        SAVING AND EXCEPTING #4


        Lots 1, 2, 3, 4 & 5 as shown on Plat 4 of the Caswell/GVSC Property and recorded among the Land Records of Baltimore County in Plat Book S.M. 78, Folio 223


        SAVING AND EXCEPTING #5


        All that portion of lots 11, 12 & 13 and that portion of Stormwater Management  Reservation as shown on Plat 5 of the Caswell/GVSC Property and recorded among the Land Records of Baltimore County in Plat Book S.M. 78, Folio 224 lying within the outline of the parcel of land described in the Deed of Trust dated December 23, 2005 by and between Saffell Road LLC (Grantor), Joseph M. Solomon and Kathleen B. Fuchs, Trustees and Valley Bank of Maryland ("Beneficiary").


        Being a gore of land on the south side of Roman Drive


        SAVING AND EXCEPTING #6


        All those portions of land indicated as Stormwater Management Reservations as shown on Plat 2 of the Caswell/GVSC Property and recorded among the Land Records of  Baltimore County in Plat Book S.M.78, Folio 221, and Plat 3 of the Caswell/GVSC  Property and recorded among the Land Records of Baltimore County in Plat Book S.M.78, Folio 222.


        Leaving a parcel of land consisting of portions of Lots 6 & 9.  See Plats 1 to 6 in the aforesaid land records S.M. 78 F. 220 et seq.


        Containing 30.00 acres of land more or less.     


        The parcel consists of a portion of residential Lot 6 and a portion of Lot 9, consisting of a rolling and wooded conservancy area.  The property is believed to be located in an RC-4 zoning district.


MANNER OF SALE


        First Offering - each of the "Residential Lots" will be offered individually and the bid reserved - Deposit $10,000 on each lot.  Second Offering - the "Acreage Property" will be offered and the bid reserved - Deposit $20,000.  Third Offering - all of the described property will be offered as an entirety - Deposit $90,000.  The sale will be made in the manner producing the greatest amount.


        The properties 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.  Prospective purchasers are strongly encouraged to perform their own due diligence regarding the development potential of the parcels, if any.  Dimensions and acreage mentioned herein are approximate and more or less, and not warranted.


TERMS OF SALE


        Deposits, as stated above under "Manner of Sale", 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 Deed of Trust Noteholder or its wholly owned subsidiary if the property is purchased by the Deed of Trust Noteholder 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 fee of not less than $750.00 as a payment for fees and costs associated with the procedures giving rise to the re-sale of the property.  The Deed of Trust Noteholder 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 foreclosed Deed of Trust Note, from date of sale to date of settlement, if the properties are purchased by someone other than the Deed of Trust Noteholder or its wholly owned subsidiary. All adjustments as of date of sale.  Taxes 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, recording charges and agricultural transfer tax, if any, to be paid by the purchaser. The Substitute Trustees and the Deed of Trust Noteholder shall pay no costs of any kind for closing the transaction.  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 properties  to be further developed or subdivided, the ability of the properties to obtain concept plan approval, development approval, subdivision approvals, building permits, grading permits, the ability of the properties to support wells, septic systems, and/or the ability of the properties to successfully support percolation. No representation or warranty, express or implied, is being made by the Substitute Trustees, the Deed of Trust Noteholder, the solicitors and/or the auctioneers. The sale of the properties is at all times subject to the laws, ordinances, and regulations governing the subdivision and development of the properties adopted by those governmental authorities having jurisdiction over the properties. All prospective purchasers are encouraged to undertake their own investigation, due diligence and review of the properties.  In that the sale is without representation or warranties,  express or implied, there are no further representations or warranties as to (I) the value, profitability, development potential, or marketability of the properties; (ii) the suitability of the properties for any particular purpose; (iii) the compliance or noncompliance of the properties  with any laws, rules, regulations, orders, ordinances, or requirements of governmental authorities, including, but not limited to, those pertaining to the development and subdivision of the properties; (iv) the presence, absence, or delineation of any non-tidal wetlands or streams  upon the  properties, as defined by applicable law or regulation; (v) the  adequacy of  public utilities, the  installation of public utilities, water, sewer, and other utility service to the properties or at the property lines of the subject parcels; (vi) the benefit or burden or need or requirement of recorded or unrecorded offsite easements;  (vii) the condition of soils on the properties; and/or (viii) any other matter relating to the properties and their development. No representation or warranties are provided as to the existence or non-existence of lead paint or any existent or latent environmental conditions affecting the properties and the improvements located thereon. The sale shall be subject to any housing code violations, easements, agreements, tenancies, restrictions, right of way agreements, and/or covenants of record affecting same, if any. Conveyance shall be by Substitute Trustees' Deed without covenant or warranty, express or implied.  The purchaser shall be responsible for complying with the registration of the properties and the improvements, 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 Substitute Trustees may reject and withdraw a bid by a prospective bidding purchaser at sale, if the Substitute Trustees determine that any bid so offered is not commensurate with the value of the properties being foreclosed upon. The highest bidder acknowledged by the Substitute Trustees shall be the Purchaser, and in the event of any dispute among the bidders, the Substitute Trustees shall have the sole and absolute final discretion to determine the successful bidder or to resell the properties.  Purchaser shall be responsible for obtaining physical possession of the properties, and the risk of loss shall be assumed by the purchaser from the date of sale.  If the Substitute Trustees 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  Substitute Trustees, the Deed of Trust Noteholder, the Solicitors  or Auctioneer.  The right to postpone, set over, or cancel all or a portion of the property from sale prior to the scheduled sale is reserved by the Substitute Trustees.  Any such postponement, setting over, or cancellation will be announced on the scheduled date of sale.


                                                                        Robert S. Glushakow and Douglas L. Burgess,
                                                                        Substitute Trustees


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