"Towanda-Grantley - Northwest Baltimore"

 ONLINE REAL ESTATE AUCTION 

TWO STORY
RENTAL TOWNHOME
– Rented for $1,100/Month –

Known As:
4134 REISTERSTOWN ROAD
Near W. Cold Spring Lane
Baltimore City, MD 21215

BIDDING OPENS:
MONDAY, JUNE 27, 2022

BIDDING CLOSES:
TUESDAY, JUNE 28, 2022 AT 12:00 P.M.

– Suggested Starting Bid: $35,000 –

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:
4134 Reisterstown Road is located in the Towanda-Grantley neighborhood of northwest Baltimore City. Surrounding neighborhoods include East Arlington, Central Park Heights and Park Circle. Grocery stores, restaurants, retail and other entertainment options are located within a quarter mile from the property. Commuters can take advantage of W. Cold Spring Lane for east/west travel and Park Heights Avenue for north/south travel; various bus routes are available on both. The surrounding neighborhood of Central Park Heights is the site for the proposed redevelopment of a 17-acre mixed-use development consisting of “two multi-family buildings on Park Heights Avenue and straddling two sides of Virginia Avenue, one an affordable housing complex with over 100 units, and one specifically for seniors with about 50 units,” according to The Baltimore Sun. One of Baltimore’s greatest hidden treasures, Cylburn Arboretum, is only 5 minutes away. At the Arboretum, visitors can enjoy an escape from city life by walking through the 200-acre urban oasis lined with hundreds of specimen trees, plant collections, gardens and wooded trails. Nearby employers in the area include Sinai Hospital and Loyola University.

For more information, please see:
Neighborhoods – livebaltimore.com
Plans for Park Heights redevelopment – www.baltimoresun.com

SITE:
Lot – 16’6″ x 85′, more or less. Plat

All public utilities

Residential zoning

Fenced rear yard

IMPROVEMENTS:
Two story inside-group brick townhome built in 1920, according to public tax records. The home is currently rented for $1,100 per month. Tenants are current and would like to stay.

EXTERIOR:
Brick exterior with vinyl siding
Vinyl replacement windows
Fenced rear yard

INTERIOR:
First Floor:
Living room – carpet
Dining room – carpet
Front bonus room – carpet
Kitchen – tile flooring
Half Bathroom – tile flooring

Second floor:
Bedroom – carpet
Bedroom – carpet
Bedroom – carpet
Bathroom – tile flooring

TITLE:
Subject to an annual $90 ground rent, paid in semi-annual installments on 1/1 and 7/1; sold free and clear of liens. Baltimore City Deed Book Liber MB 23752, folio 333

TAXES:
Published annual real estate taxes are $723.74, based on a full value assessment of $30,667.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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. All adjustments, including taxes, rents, ground rent, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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.