List price to be opening bid. Online Auction Only! Mid September Auction Date DEVELOPMENT OPPORTUNITY: 4.89 +/- Acre Residential Development Site in Owings Mills. Property Description: The property consists of a 4.89 +/- acre residential development site predominantly zoned DR 3.5, which allows 3.5 dwelling units per acre. There is frontage on St. Thomas Lane of 60' which facilitates access and development of the property. The site slopes gently upwards from the road and is mainly clear. Public water and sewer is available. Gas is available to neighboring residents. Value Added: Nearby homes have sold in the past year in the $450,000 to $750,000 price range. Concept plans are located in the Document section of the web site showing subdivisions containing, 3, 14 and 15 lots. The 60' road frontage allows for denser development. The property's rectangular shape, ample road frontage, topography and being mainly clear of trees allows for easier development. Neighborhood Location: The property is conveniently located in the Owings Mills area of Baltimore County. Nearby is Reisterstown Rd and a wide variety of commercial stores including Foundry Row that is anchored by Wegmans and includes a number of restaurants and storefronts. Also nearby is Home Depot, Stevenson University and I-795 (Northwest Expressway). East of the subject property is Greenspring Valley and Caves Valley that feature estate homes, the Caves Valley Golf Club, Irvine Nature Center and private schools.
Courtesy of: Alex Cooper Auctioneers, Inc. Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th August, 2022 9:52 PM (UTC)
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