"Towanda-Grantley - Northwest Baltimore"

ONLINE REAL ESTATE AUCTION

TWO STORY BRICK
TOWNHOME

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

BIDDING OPENS:
MONDAY, AUGUST 9, 2021

BIDDING CLOSES:
THURSDAY, AUGUST 12, 2021 AT 11:30 A.M.

– Starting Bid: $20,000 –

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

Zoned R-7 Residential

All public utilities

Fenced rear yard

IMPROVEMENTS:
Two story inside-group brick townhome built in 1920, according to public tax records. The home was previously used as a rental property, rented for $1,100 per month.

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 FMC 16300, folio 56.

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 $3,000 deposit, or 10% of the purchaser price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on August 12, 2021. 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, 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 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.