"Dundalk - Kimberly Farms"

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 (company or personal checks for the increased 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 required by 4:00 p.m. on the day of auction. No exceptions. 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.

Live Onsite & Simulcast Online Bidding
$100,000 Opening Bid

DUNDALK

“Kimberly Farms”

BUNGALOW
4 Bedrooms ◆ 2 Baths

Renovation Required

Known As
1701 BAYARD AVENUE
Corner Kimmel Avenue
Baltimore County, MD 21222

Online Bidding Opens
MONDAY, JULY 22, 2024

Live Onsite Auction
TUESDAY, JULY 23, 2024
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:
The property is situated in the Kimberly Farms neighborhood of Dundalk, in eastern Baltimore County. The home is located north of Holabird Avenue, west of Merritt Boulevard, east of Delvale Avenue and south of German Hill Road. The surrounding neighborhood is comprised of well-kept single family homes of varying style and age. Shopping, restaurants and community services are nearby on Merritt Boulevard, as is access to the Baltimore Beltway (I-695). Nearby public schools are Norwood Elementary and Holabird Middle, both within walking distance, and Dundalk High. According to Bright MLS, homes in Kimberly Farms have sold for $225,000 to $380,000 in the last twelve months.

SITE:
Level lot, approximately 65′ x 125′ comprising 0.148 acre. Plat
Zoning DR 5.5, residential
Public utilities
Fenced yard
Driveway with carport has parking for approximately three cars
Shed

IMPROVEMENTS:
One and one-half story bungalow, built in 1956, containing 1,263 square feet of living area and 847 square feet of basement space, according to public tax records. The home has vinyl siding, stone trim, composition shingle roof, vinyl-clad double-hung windows, frame enclosed rear sun porch and electric baseboard heat.

First Floor

• Living Room – wood floor
• Kitchen – vinyl floor
• Sun Porch – carpeting
• 2 Bedrooms – wood floors
• Full Bathroom

Second Floor

• 2 Bedrooms – wood floors
• Full Bathroom

Basement

• Outside Exit

The home has water damage and needs a complete gut renovation.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,962, based on a full value assessment of $185,933.

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 (company or personal checks for the increased 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 required by 4:00 p.m. on the day of auction. No exceptions.

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, WHERE IS” condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to housing violation notices. 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.