"Lauraville"

$10,000 Opening Bid

LAURAVILLE

0.197± ACRE
RESIDENTIAL LOT

Known As:
4523 WEITZEL AVENUE
Near Grindon Avenue
Baltimore City, Maryland, 21214

BIDDING OPENS:
MONDAY, JANUARY 29, 2024

BIDDING CLOSES:
WEDNESDAY, JANUARY 31, 2024
AT 12:00 P.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:
4523 Weitzel Avenue is located in the Lauraville neighborhood of northeast Baltimore City. Surrounding neighborhoods include Morgan Park, Beverly Hills and Waltherson. According to LiveBaltimore.com, “Lauraville is a leafy neighborhood in Northeast Baltimore where residents pride themselves on maintaining a thriving tree canopy. Residents enjoy a suburban feel with tree-lined streets and open parkland as well as walkability and affordability.” Within a half mile of the lot is Harford Road, home to many of Baltimore’s iconic shops and restaurants. Zeke’s Coffee and Coco’s Pub are within a mile of the property. Pharmacies, grocery options and entertainment can be found within the same mile radius. There are several bus and public transportation options on Harford Road and Cold Spring Lane. If the tree-lined streets of Lauraville aren’t enough, there are several parks and trails available close by. Nature lovers can take advantage of Herring Run Park and Lake Montebello for exercise and outdoor time. Nearby employers include Morgan State University and MedStar Good Samaritan Hospital.

For more information about the area, please visit:
Lauraville – livebaltimore.com
Lauraville Community Association – www.livelauraville.org
Hamilton Lauraville Main Street – hamiltonlauraville.org

SITE:
Level lot with a curb cut

Lot size – 0.197 acre, more or less, according to public tax records

Public water and sewer are believed to be on the street.

Zoning R-3, Residential

Plat

TITLE:
In fee simple; and sold free and clear of liens. Baltimore City Deed Book FMC Liber 16836, folio 360.

TAXES:
Published annual real estate taxes are $519.20, based on a full value assessment of $22,000.

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.
A $3,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by January 31, 2024 at 4 P.M. 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, ground rent and 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 will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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, or $2,500 minimum fee, whichever is greater will be added to the final bid price.