"Four By Four - Belair Edison Area"

ONLINE REAL ESTATE AUCTION
– $10,000 Starting Bid –

TWO STORY
PORCHFRONT TOWNHOME

Known As:
3109 RAVENWOOD AVENUE
Off Belair Road
Baltimore City, MD 21213

BIDDING OPENS:
MONDAY, FEBRUARY 22, 2021

BIDDING CLOSES:
THURSDAY, FEBRUARY 25, 2021 AT 2:00 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:
3109 Ravenwood Avenue is located in the Four by Four neighborhood in northeast Baltimore City. Surrounding neighborhoods include Belair Edison and Berea. The neighborhood is named by the four north/south streets and four east/west streets that make up the neighborhood. The home sits off of Belair Road, one of Baltimore’s longest north/south thoroughfares. Within walking distance of the home are grocery stores, shopping, restaurants and other entertainment venues. Within a quarter mile of the home is Clifton Park – which includes playing fields, golf course and walking paths. Commuters can take advantage of Belair Road for north/south travel, I-95 and I-895 are also within two miles. Major employers in the area include Morgan State University and Johns Hopkins University.

For more information about the area, please visit:
Four By Four – livebaltimore.com
CityView – cityview.baltimorecity.gov

SITE:
Lot size – 13’6″ x 74′, more or less. Plat

All public utilities

Zoned R-7 Residential

IMPROVEMENTS:
Two story brick inside-group covered porchfront townhome – constructed in 1920, containing 1,118 square feet of living area and 559 square feet of basement space. The home is believed to contain 6 rooms (3 bedrooms), bath and basement. Vinyl clad replacement windows, and flat built-up roof. Tax records indicate forced air heat.

The home is believed to be occupied. According to seller provided information, there is no lease with whomever is occupying the property. It will be the buyer’s responsibility to obtain physical possession of the property.

TITLE:
$78 annual ground rent (due in semi-annual installments on 1/11 & 7/11); sold free and clear of liens.

TAXES:
Annual property taxes are believed to be $818 based on a full value tax assessment of $34,667.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $3,000 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 Thursday, February 25, 2021 at 4:30 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. 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 settlement 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 is responsible for obtaining physical possession of the property. 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.

NO BUYER’S PREMIUM!