"Walbrook"

ONLINE REAL ESTATE AUCTION

THREE STORY
HOME
~Arranged for 3 Dwelling Units~

Known As:
3004 CLIFTON AVENUE
Baltimore City, MD 21216

BIDDING OPENS:
MONDAY, JUNE 22, 2020

BIDDING CLOSES:
WEDNESDAY, JUNE 24, 2020
AT 12:00 NOON

– Suggested Starting Bid: $65,000 –

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:
3004 Clifton Avenue is located in the Walbrook neighborhood of west Baltimore City. Surrounding neighborhoods include Mount Holly, Hanlon-Longwood and Panway- Braddish. The property is located near Gwynns Falls Parkway, which features dining, retail and entertainment options. Commuters can take advantage of North Avenue (0.2 mile) for east/west travel and I-83 (2.4 miles) for north/south travel. Outdoor and nature lovers can take advantage of Leakin Park (0.7 mile) for nature trails and hikes and Druid Hill Park (1.5 miles) for its lake, disc golf courses, trails and the Maryland Zoo in Baltimore. Major employers in the area include Coppin State University (0.7 mile), the shops at Mondawmin Mall (0.9 mile) and Baltimore City Community College (1.5 miles).

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Lot – 50′ x 150′, more or less

Zoned R-6 residential, previously approved for three dwelling units

All public utilities

IMPROVEMENTS:
Three story traditional home  – according to public tax records, the house was constructed in 1915 and contains 2,711 square feet of living area and 1,020 square feet of basement space. The home is currently arranged for three dwelling units. Unit 1, previously rented for $1,150, contains 3 bedrooms and 2 bathrooms. Unit 2, previously rented for $1,000, contains 3 bedrooms and 1 bathroom. Unit 3, previously rented for $750, contains 1 bedroom and 1 bathroom. Separate gas and electric meters for each unit. Unit 3 is occupied with a delinquent tenant.

MDE Lead Inspection Certificates

Rental License Inspection

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

TAXES:
Published annual real estate taxes are $2,355.28, based on a full value assessment of $99,800. 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.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 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, June 24, 2020 at Noon (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. All adjustments, including taxes, rent, 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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. 5% Buyer’s Premium.