Sold Prior To The Auction: $175,000
Jeffrey E. Nusinov, Attorney
Fisher and Winner, LLP
2002 Clipper Park Drive - Suite 108
Baltimore, MD 21211
TRUSTEE'S AUCTION
DOWNTOWN BEL AIR
Circa 1886
VICTORIAN HOME
Currently Arranged for 3 Apartments
Suitable for Single Family or
Potential Office Conversion
Sale on Premises
105 E. BROADWAY
One Block East of Main Street, Corner Franklin Street
Bel Air, Harford County, MD 21014
Auction has been canceled - sold prior to the auction
WEDNESDAY, OCTOBER 19, 2011
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.
105 E. Broadway is located one block east of Main Street on the northeast side of the Bel Air Downtown business district. Neighborhood land uses include single-family homes, homes converted to offices and multi-family housing. The Victorian homes surrounding the auction property and tree-lined streets, lend character to the neighborhood. Bel Air is the County Seat of Harford County. Courts, municipal buildings, stores, restaurants and Downtown attractions are within a short walk. Broadway is Business US Route 1 at the property. According to the Harford County Public Schools web site, nearby public schools are Bel Air Elementary, Middle and High.
STREET SCENE - PHOTO #2 PHOTO #1
For directions from your location, visit: maps.google.com
Link for community web site:
SITE AREA
The property is situated at the southeast corner of Broadway and Franklin Street, fronting approximately 97.5' along Broadway by 225' in depth, comprising 0.5 acre, more or less. The lot is mostly level and landscaped with mature trees and plants. Public water and sewer are in the property. The home is nicely set back from the bordering streets.
Fenced rear yard
Two 4-car asphalt driveways (8 car off-street parking), plus frame garage
Tax Map:
ZONING:
According to municipal authorities, the property is located in an R2, medium density residential district. It is also in a transitional overlay district and with special approval may be used as offices.
Though presently arranged as three apartments, its continued use as a multi-family dwelling may not conform to the present zoning. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
IMPROVEMENTS
Two story Victorian home with two story addition and attached garage - according to public tax records, the home was constructed in 1886 and contains 3,418 square feet of living area.
INTERIOR PHOTOS - PHOTO #1 PHOTO #2 PHOTO #3
PHOTO #4 SUN DECK
Exterior
Wood and siding walls
Composition shingle roof with aluminum rain spouts
Wood double hung windows with storm sash
Stone and block foundation
Covered front porch
Rear sun deck
Playground
Interior
Wood floors
Plaster walls
Three interior stairways
Multiple exterior doors
As currently configured:
Apartment #1
First floor:
Second floor:
Apartment #2
First floor:
Apartment #3
Second floor:
Basement
Partial, unfinished basement, outside access
Mechanical
Oil forced air heat
Central air conditioning
50-gallon electric water heater
Circuit breakers
The home needs updating and cosmetic repairs. Original woodwork and trim remain.
REAL ESTATE TAXES
Published real estate taxes for 2010 were $6,196, based on the full value tax assessment of $410,000. Note - If any real property is transferred after January 1 and before the beginning of the next taxable year to a new owner, the new owner may submit a written appeal as to a value or classification on or before 60 days after the date of the transfer.
TITLE
The property is in fee simple and sold free and clear of liens. Deed Liber 5350, folio 38.
INSPECTION TIME
By appointment with the Auctioneers and 1 hour prior to the sale.
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 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, and subject to existing zoning and the permitted uses thereunder. 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:
Jeffrey E. Nusinov, Trustee of the
Lee Curtis Lang Irrevocable Trust, dated April 17, 2001
FINANCING
Call for pre-qualification and financing options:
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
For all other information please call 410-296-8440
OR EMAIL info@ajbillig.com