Browse Our Auctions

Aimee C. O'Neill/O'Neills Auction Company
View Profile

Auction Address


Forest Hill MD, 21050

More Auctions By Aimee C. O'Neill/O'Neills Auction Company

0.74 acre Residential Land

Auction on 12/01/2020 @ 12:00 PM EST
Auction Type: live

Description

PUBLIC AUCTION

Investment Real Estate * Unimproved Land
Philadelphia Road at Paul’s Lane * Joppa
Harford County, Maryland 21085

Tuesday, December 1, 2020 beginning at 12 Noon

Live Auction to be held at the office of O’Neill Enterprises
103 E. Jarrettsville Road, Suite A, Forest Hill, MD 21050

Virtual and on-line Bidding options available

DIRECTIONS:  MD Rte. #152 (Mountain Road) to south on MD Rte. #7 (Philadelphia Road); property on the left; sign posted

PROPERTY DESCRIPTIONS: 

Property No. 1:  will be offered for sale as an entirety at 12 Noon

38.72 acres more or less comprised of two (2) parcels:

a.)    15.02 acres more or less land known as 711 Philadelphia Road, Joppa, MD 21085

Tax ID No. 01-074407; Tax Map 65, Parcel 102; Deed – Liber 12805, Folio 196

Zoning:  CI (Commercial Industrial)

Annual Real Estate Taxes: $ 6,475

Utilities:  Public water is available, no service at the property. Public sewer is not available on  Rte. #7. The public sewer is available on the north side of Rte. #40, approximately 750’ away. The extension of the sewer will require crossing the CSX railroad right of way.

b.)    23.71 acres more or less land known as South Route 7 (Philadelphia Road), Joppa, MD 21085

Tax ID No. 01-020374; Tax Map 65, Parcel 522; Deed – Liber 12805, Folio 196

Zoning: CI (Commercial Industrial)

Annual Real Estate Taxes: $ 9,824

Utilities:  Public water is available, no service at the property. Public sewer is not available on Rte. #7. Public sewer is available on the north side of Rte. #40, approximately 750’ away. The extension of the sewer will require crossing the CSX railroad.

Property No. 2:  will be offered for sale separately, immediately following Property No. 1

0.74 acre more or less land known as 611 Philadelphia Road, Joppa, MD 21085

Tax ID No. 01-016571; Tax Map 65, Parcel 454; Deed – Liber 12805, Folio 193

Zoning:  R1 (Residential)

Annual Real Estate Taxes:  $ 694

Utilities:  Public water is available. A service hook-up is at the property.  Public sewer isnot available.  On-site septic system required.

Real Property Study Work Product, produced by Bay State Land Services, dated September 23, 2020, available on-line at www.oneillenterprises.com

            Environmental Data Resource, Inc. (EDR) Radius Map Report

            EDR Environmental Lien Report

            Sanborn Map Report

AUCTION TERMS:

Property No. 1: 

A Contract Deposit in the amount of $ 50,000.00 is required at the time of signing the contract at the auction, to be paid in certified funds or other form of payment acceptable to the Auctioneer and/or Seller. The balance of 10% of the purchase price is to be wired to the Auctioneer not later than 12 noon on December 2, 2020. Failure to remit the balance of the Contract Deposit as required shall constitute default under the Auction Purchase Contract and shall result in the forfeiture of the Contract Deposit on account. Settlement on December 31, 2020. 

Buyer may elect to purchase the Property with first position owner-financing terms as follows:

$ 300,000.00 Cash paid at Settlement on December 31, 2020.  Balance of the purchase price

to be repaid within not more than fifteen (15) years with an annual interest rate of 6% of the unpaid balance of the purchase price to accrue. Monthly payments of interest and principal based on not more than 15 years’ amortization

A review copy of the Purchase and Sale Contract is enclosed within this marketing brochure.

Property No. 2:

A Contract Deposit in the amount of $ 5,000.00 is required at the time of signing the contract at the auction, to be paid in certified funds or other form of payment acceptable to the Auctioneer and/or Seller. The balance of 10% of the purchase price is to be wired to the Auctioneer not later than 12 noon on December 2, 2020. Failure to remit the balance of the Contract Deposit shall constitute default under the contract and forfeiture of the Contract Deposit on account. Settlement on December 31, 2020.

Buyer may elect to purchase with first position owner-financing terms as follows:

$ 25,000.00 Cash paid at Settlement.  Balance of the purchase price to be repaid within not more than five (5) years with an annual interest rate of 6% of the unpaid balance of the purchase price to accrue. Monthly payments of interest and principal based on not more than 5 years’ amortization

A review copy of the Purchase and Sale Contract is enclosed within this marketing brochure.

Two and one-half percent (2.5%) Buyer Broker commission offered to registered Buyer Broker.  Buyer Broker must register and attend the auction with the Buyer.  No Commission paid to a Broker who is a principal in the transaction. 

All Bidders must comply with Bidder Registration Requirements.

BIDDER REGISTRATION REQUIREMENTS:

1 – Photo Identification

2 – Contract Deposit in the amount of $ 50,000.00 for Property No. 1 and $ 5,000.00 for Property No. 2

Note that the Contract Deposit is to be produced at the time of registration in cash, certified check, cashier’s

check or other form of payment acceptable to the auctioneer and/or Seller.

The Cashier’s or Certified Check is to be issued to the registered Buyer and the photo identification must be the same as the person to whom the check is issued.  Should the registered Buyer be the successful purchaser at auction, the cashier’s/certified check will be endorsed to be payable to the order of O’Neill Enterprises Realty Escrow Account.

Cash will be counted to insure it is the required amount.

REGISTRATION ACCEPTED ON SALE DATE.    

Should additional information be required, please contact:

O’Neill Enterprises Realty & Auction Company:

info@oneillenterprises.com * 410-838-6980

Images available on-line at www.oneillauctions.com