"Ednor Gardens - Lakeside"

Live Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers office. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount.

A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

The Law Offices of Adam J. Roa, P.C.
600 Washington Avenue – Suite 602
Towson, MD 21204

Estate Sale

Live Onsite & Online Simulcast Bidding
$50,000 Opening Bid

EDNOR GARDENS-LAKESIDE

Two Story Brick
TRADITIONAL HOME
3 Bedrooms ◆ Garage

Fire Damaged – Needs Rehab.

Known As
1309 LAKESIDE AVENUE
Off 3400 Loch Raven Boulevard
Baltimore, MD 21218

Online Bidding Opens
MONDAY, NOVEMBER 6, 2023

Live Onsite Auction
THURSDAY, NOVEMBER 9, 2023
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:
1309 Lakeside Avenue is situated in the Ednor Gardens–Lakeside neighborhood of North Baltimore, one block north of 33rd Street, between Loch Raven Boulevard and The Alameda. The location is among the most convenient and attractive in Baltimore, with major employers nearby, including the VA, Morgan State University, Good Samaritan Hospital, Loyola University and Johns Hopkins University. The area is ideal for those looking for a short commute to work. The proximity to the Montebello park area and Herring Run Park provides an array of recreational opportunities, including walking trails, ball fields, disc golf and events throughout the year. Nearby retail, dining and shopping options are plentiful. According to Bright MLS, similar neighborhood homes have sold for $250,000 to $335,000, during the past six months.

For more information about the area, please visit:
Ednor Gardens-Lakeside – livebaltimore.com

SITE:
Rectangular lot – 50′ x 110’7″. Plat
Zoning R-3, residential
Public utilities
Fenced rear yard
Alley in rear provides access to detached garage

IMPROVEMENTS:
Two story brick and siding traditional home, built in 1937, containing 1,360 square feet of living area, 644 square feet of basement space and 180 square foot detached brick garage, according to public tax records.

Exterior – brick and siding, slate roof, full basement foundation

Interior – living room, dining room, kitchen, 3 bedrooms, bath, club basement with flush.

The house has been gutted by fire and needs complete rehabilitation. Use your creativity to renew this well-located detached home, in one of Baltimore’s most desirable neighborhoods.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 5595, Page 36.

TAXES:
Published annual real estate taxes are $2,983, based on a full value assessment of $133,700.

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:  Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers office.

Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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. The property is sold subject to housing and or building violation notices, if any. Purchaser assumes the risk of loss from the date of contract 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.

Estates of Melford Warren, Sr. and Melford Warren, Jr.