"Northeast Baltimore - Waltherson"

Live Auction Bidders – a $7,500 deposit, payable by 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 (wire or cashier’s check).

Online Auction Bidders – a $7,500 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:00 P.M. on the day of auction. 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.

No buyer’s premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Featuring Live and Simulcast Bidding
$40,000 Opening Bid

NORTHEAST BALTIMORE
“WALTHERSON”

SEMI-DETACHED
TOWNHOME
-Renovation Required-

Known As:
5012 BELAIR ROAD
Near Frankford Avenue
Baltimore City, Maryland 21206

ONLINE BIDDING OPENS
MONDAY, APRIL 15, 2024

LIVE ONSITE AUCTION
TUESDAY, APRIL 16, 2024
AT 12:30 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:
5012 Belair Road is located in the Waltherson neighborhood of northeast Baltimore City. Surrounding neighborhoods include Frankford, Glenham-Belhar and Arcadia. Waltherson is a beautiful community made up primarily of single-family, detached homes and duplexes. Neighbors love that their homes have spacious yards for gardening and access to thriving, main-street businesses within easy walking distance. The property is within close proximity to the Hamilton-Lauraville area, placing it in a business booming network of neighborhoods. The residents have an abundance of shopping, dining, and entertainment options alongside Harford Road and Belair Road crafted by local entrepreneurs. Herring Run Park (1 mile), offers various recreational activities such as hiking paths, ball fields, and playgrounds. Major employers in the area include Johns Hopkins University, Loyola University Maryland, and MedStar Good Samaritan Hospital. Belair Road provides commuters with north/south travel and connects to major highways, I-95, I-895, I-695, and US 40.

For more information about the area, please visit:
Waltherson – livebaltimore.com
Hamilton-Lauraville – Main Street – www.bmoremainstreet.com

SITE:
Rectangular lot – 19′ x 103’11”, more or less. Plat

Zoning R-7, residential, single family

All public utilities

IMPROVEMENTS:
Two story semi-detached townhome, constructed in 1923, containing 1,176 square feet of living area and 686 square feet of basement space, according to public tax records. The home is arranged as follows:

First Floor

• Front Covered Porch – Carpeting
• Living Room – carpeting
• Dining Room – Vinyl floor
• Kitchen – Vinyl floor, wood cabinets, laminate counters, gas range/oven
• Full Bathroom – Ceramic tile floor

Second Floor

• Three Bedrooms – Carpeting
• Full Bathroom – Ceramic tile floor

Basement

• Unfinished – Concrete
• Laundry Area – utility sink, washer/dryer
• Mechanical– gas-forced air heat, central air conditioning, 76-gallon gas water heater

TITLE:
Subject to a $180 ground rent payable in semi-annual installments on 3/15 and 9/15; Sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $2,832.78, based on a full value assessment of $120,033.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $7,500 deposit, payable by 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 (wire or cashier’s check).

Online Auction Bidders – a $7,500 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:00 P.M. on the day of auction.

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. 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. Time is of the essence. No buyer’s premium