"Lauraville"

ONLINE REAL ESTATE AUCTION
– $25,000 Starting Bid –

TWO STORY
PORCHFRONT TOWNHOME

Known As:
5126 HARFORD ROAD
Near E. Strathmore Avenue
Baltimore City, MD 21214

BIDDING OPENS:
TUESDAY, DECEMBER 15, 2020

BIDDING CLOSES:
FRIDAY, DECEMBER 18, 2020 AT 12:00 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:
5126 Harford Road is located in the Lauraville neighborhood in northeast Baltimore City. The property is located within the Hamilton – Lauraville Main Street Corridor, which is home to a number of Baltimore’s best known businesses, including Koco’s Pub, Zeke’s Coffee and the Silver Queen Café. The Hamilton – Lauraville Main Street Association has sponsored a number of events over the years, including the Hamilton Street Festival, First Fridays, Student Art Show and Downhill Derby.

Surrounding neighborhoods include Beverly Hills, Waltherson, Hamilton Hills and Arcadia. Lake Montebello is a short distance to the south. Morgan State University is at the northwest boundary of Lauraville, and Johns Hopkins University and Loyola University of Maryland are also within close proximity. Surrounding properties comprise a variety of homes, retail businesses and offices.

The property is within an Enterprise Zone, offering an array of incentives for business owners and developers, as well as Lauraville Business District Urban Renewal Plan area.

For more information about the area, please visit:
Lauraville – livebaltimore.com
CityView – cityview.baltimorecity.gov
Lauraville Business District Urban Renewal Plan – archive.baltimorecity.gov
Enterprise Zone Information – baltimoredevelopment.com

SITE:
Lot size – 15’6″ x 109′, more or less. Plat

All public utilities

ZONING:
Zoned OR-1 – Office Residential – According to the TransForm Baltimore Zoning summary, OR-1 zoning is “A mix of office and residential uses. Areas maintain a residential character. 40′ Maximum building height.”

For more information about Baltimore City Zoning, please visit:
Zoning – dhcd.baltimorecity.gov

IMPROVEMENTS:
Two story brick and stone enclosed porchfront townhome – constructed in 1929, containing 1,496 square feet of living area and 788 square feet of basement space.

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:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,348, based on a full value assessment of $104,200.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $3,500 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 Friday, December 18, 2020 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 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.