"Waverly"

A $7,500 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 May 8, 2024 at 4 P.M. 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.

$50,000 Opening Bid

WAVERLY

TWO STORY
TRADITIONAL HOME
~3 Bedrooms & 1.5 Bathrooms~

Known As:
620 E. 38th STREET
Near Ellerslie Avenue
Baltimore City, Maryland 21218

BIDDING OPENS:
MONDAY, MAY 6, 2024

BIDDING CLOSES:
WEDNESDAY, MAY 8, 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:
620 E. 38th Street is located in the Waverly neighborhood of north Baltimore City. Surrounding neighborhoods include Pen Lucy, Ednor Gardens-Lakeside and Oakenshawe. Waverly has been a well-known and well-loved neighborhood for generations of Baltimoreans. The community has over one hundred years of history, and features an array of home types and sizes that reflect that heritage. Historically, the neighborhood was known as being homogenous with Memorial Stadium, providing fans and visitors an array of restaurants, bars and retail stores on their way to and from the Stadium. In more recent years, the Waverly Farmer’s Market has been a significant neighborhood attraction, in addition to the variety of shopping and dining that appears along Greenmount Avenue. Proximity to several Baltimore Universities as well as Downtown has provided a stable employment base in the area.

For more information, please see:
Waverly – livebaltimore.com
32nd Street Farmer’s Market – www.32ndstreetmarket.org

SITE:
Rectangular lot – 25′ x 82’3″, more or less.

Zoning R-6, residential

All public utilities

Plat

IMPROVEMENTS:
Two story single family home, constructed in 1920, and contains 1,120 square feet of living area and 560 square feet of basement space, according to public tax records. The property is vacant.

EXTERIOR:
Asbestos tile exterior
Asphalt shingle roof
Vinyl replacement windows
Fenced rear yard

INTERIOR:
First floor:
Living room – hardwood flooring with ceiling fan
Dining room – vinyl plank flooring with ceiling fan
Kitchen – ceramic tile
Half bathroom – ceramic tile
Bonus room – ceramic tile

Second floor:
Bedroom – hardwood flooring with ceiling fan
Bedroom – hardwood flooring
Bedroom – hardwood flooring
bathroom – ceramic tile

Basement:
Unfinished
Sump pump
50 gallon gas water heater
Gas forced air heat and central air conditioning
100 AMP electrical

TITLE:
Subject to a $180 ground rent payable in semi-annual installments on 04/9 and 10/9; sold free and clear of liens. Baltimore City Deed Book LGA Liber 18089, folio 73.

TAXES:
Published annual real estate taxes are $3,148.24 based on a full value assessment of $133,400.

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 $7,500 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 May 8, 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. 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.