"Belair-Edison"

$25,000 Opening Bid

TWO STORY BRICK
TOWNHOUSE SHELL

Known As
3856 LYNDALE AVENUE
Baltimore, MD 21213

Online Bidding Opens
TUESDAY, NOVEMBER 30, 2021

Online Bidding Closes
FRIDAY, DECEMBER 3, 2021
AT 1:30 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:
3856 Lyndale Avenue is located in the Belair-Edison neighborhood in northeast Baltimore City. The property is situated at the center of the relatively large neighborhood, between Erdman Avenue and Herring Run Park. Surrounding homes are comprised primarily of brick townhomes constructed in the 1940s and 1950s. The location affords excellent access to major employers throughout the area, with US-40, I-95 and I-895 all within approximately 2.5 miles. Retail shopping, dining and groceries are available at the Erdman Shopping Center (0.5 mile), and elsewhere within a short distance. The Herring Run Branch of the Enoch Pratt Free Library is also located at the front of the Erdman Shopping Center.

For more information about the area, please visit:
Belair-Edison – livebaltimore.com
CityView Map – cityview.baltimorecity.gov

SITE:
Rectangular lot – 14′ x 100′. Plat
Zoning R-6, residential
All public utilities
Fenced rear yard with room for parking

IMPROVEMENTS:
Two story brick inside-group townhome, built in 1950, containing 840 square feet of living area and 420 square feet of basement space, according to public tax records. The home has a built-up roof, vinyl-clad double-hung windows and a full concrete block basement foundation. The house is believed to contain a living room, dining room, kitchen, two bedrooms and bath. Full renovation is needed.

TAXES:
Published annual real estate taxes are $2,008, based on a full value assessment of $85,100. 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

TITLE:
The property is sold free and clear of liens, subject to an annual $84 ground rent, payable half-yearly on the fifth day of January and July in each and every year. Prior Deed Book SEB 3219, Page 342.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire transfer, 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, 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. 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.