Absolute Auction To The Highest Bidder "Dundalk" Brick Rancher Zoned BM-CT - Suitable for Commercial or Residential

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Listing Details

Sold Price
$85,000
Auction Date
Auction Time
11:00 AM
Address
7706 Trappe Road, Baltimore County, MD, 21222
County
Baltimore County
Neighborhood
Dundalk
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Robin M. Goldman, Esquire
Rob Goldman Legal Solutions
6800-B Holabird Avenue
Dundalk, MD 21222

 ABSOLUTE
ESTATE AUCTION
To the Highest Bidder - Regardless of Price!
                  
DUNDALK

BRICK RANCHER
ZONED BM-CT
Suitable for Commercial
Or Residential Use

Sale On Premises
7706 TRAPPE ROAD
At Merritt Boulevard
Baltimore County, MD 21222

WEDNESDAY, NOVEMBER 10, 2010
AT 11:00 A.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 & DIRECTIONS:

7706 Trappe Road is located one door east of Merritt Boulevard and one block north of Wise Avenue, in the Dundalk area of southeastern Baltimore County.  The subject block of Trappe Road is predominantly comprised of homes constructed during the 1950s, some of which have been converted to offices.  To the north, west and south of the property there are shopping centers, offices and freestanding retail buildings.  The Baltimore Beltway (I-695) is about one mile to the north of the site.  Nearby public schools are Bear Creek Elementary, General John Stricker Middle and Patapsco High.

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

 

SITE AREA

Level, rectangular lot - 50' x 165', comprising 8,250 square feet or 0.19 acre

All public utilities

Four-car asphalt driveway


SUBDIVISION PLAT (pdf)

 

IMPROVEMENTS

All brick one story rancher - according to public tax records, the home was constructed in 1952 and contains 717 square feet of living area and 717 square feet of basement space.  The home needs renovation.


Exterior

Composition shingle roof, aluminum rain gutters

Covered entry porch

Covered concrete patio

Full concrete block basement foundation


Interior

  • Living Room - carpeting, ceiling fan, paneling, coat closet
     
  • Kitchen - vinyl floor, metal cabinets, gas range/oven, refrigerator, washer, ceiling fan
     
  • Den - wood floor
     
  • Full Bathroom - vinyl floor, metal wainscot
     
  • Pull-down Attic
     
  • Large Sun Porch
     
  • Linen Closet
     
  • Unfinished Basement - exterior access


Mechanical

Gas forced air heat and central air conditioning

Gas water heater

100 ampere electrical service

 

ZONING

BM-CT, Business Major

Link for Baltimore County Zoning Page:
http://www.baltimorecountymd.gov/Agencies/economicdev/gateway/land/zoning.html

 

REAL ESTATE TAXES

Full Value Tax Assessment for 2010:

Land
Improvements
Total

$   50,060
     99,720
$ 149,780


Published annual real estate taxes are $1,908, including a $211 special tax assessment.

 

TITLE

The property is in fee simple and sold free and clear of liens.  Deed Liber 29468, folio 44 (Life-Estate Deed).

 

INSPECTION TIME

From 10:15 a.m. on the day of sale.

 

TERMS OF SALE

A $5,000 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 within 45 days.  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 of 12% per annum, from date of sale to date of settlement.  All adjustments, including taxes, 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 sale and assumed thereafter by the purchaser.  The property will be sold in "AS IS" condition, and subject to easements, agreements, 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.   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.


No buyer's premium.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)


Auction by order of:
Robin M. Goldman, Esquire, under the power of sale in the Life-Estate Deed by Jesse R. Philips and Gertrude F. Philips, dated April 23, 2010 and recorded in Deed Liber 29468, page 44.

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Freedmont Mortgage Funding

50 Scott Adam Road
Hunt Valley, Maryland  21030
410-654-3900 direct
410-702-4511 fax
craig@greatloanofficer.com