"Greenspring"

$10,000 Opening Bid

SEMI-DETACHED
STOREFRONT BUILDING

4229 PIMLICO ROAD
Corner Loyola Northway
Baltimore City, MD 21215

BIDDING OPENS:
MONDAY, SEPTEMBER 14, 2020

BIDDING CLOSES:
WEDNESDAY, SEPTEMBER 16, 2020 AT 1:00 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:
4229 Pimlico Road is located at the corner of Loyola Northway in the Greenspring neighborhood in Northwest Baltimore City. Greenspring is a large neighborhood, bound by Park Heights Avenue and Pimlico Road (west), W. Cold Spring Lane (north), Greenspring Avenue (east) and Springhill Avenue (south). Surrounding neighborhoods include Woodberry, Parklane and Central Park Heights. Sinai Hospital is a short distance to the north, and the Jones Falls Expressway (I-83) is a short distance to the east. Restaurants and other retail businesses are along Park Heights Avenue, Reisterstown Road and W. Cold Spring Lane. Surrounding properties are comprised predominantly of townhomes, with a few retail buildings, religious facilities and a new apartment building nearby.

For more information about the area, please visit:
Greenspring – livebaltimore.com

SITE:
Lot – 39′ x 90’11”, more or less

Curb cut leading to garage on Loyola Northway

Concrete patio/parking area

Zoned R-6 Residential, with a non-conforming use as a grocery store.

All public utilities

IMPROVEMENTS:
Two story brick semi-detached building with garage arranged as a storefront and apartment. Gross building area estimated to be 3,000 square feet on three levels. Needs renovation.

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

TAXES:
Published annual real estate taxes are $118 based on a full value tax assessment of $5,000

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Wednesday, September 16, 2020 at 1:00 p.m. (the bid closing). 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.