Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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ONLINE AUCTION
BUNGALOW
3 Bedrooms – 2 Baths – 0.1± Acre
Known As
4507 WOODLEA AVENUE
Near Belair Road
Baltimore City, MD 21206
BID OPENS:
FRIDAY, MARCH 20, 2020
BID CLOSES:
MONDAY, MARCH 23, 2020
AT 11:00 A.M.
– Suggested Opening Bid: $45,000 –
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:
4507 Woodlea Avenue is located in the Frankford neighborhood in northeast Baltimore City. Frankford is conveniently located in close proximity to major commuter routes throughout the area, including I-95, I-895, the Baltimore Beltway (I-695), Belair Road and Moravia Road. Belair Road provides ample access to retail and dining options, and the Hamilton-Lauraville Main Street corridor along Harford Road is also within 1.5 miles. Surrounding properties are comprised predominantly of detached traditional homes with a variety of architecture, most of which were constructed between the early and mid 1900s.
For more information about the area, please visit:
Frankford – livebaltimore.com
SITE:
Lot size: 42′ x 107’10”
Fenced rear yard
All public utilities
Zoned R-3 Residential
IMPROVEMENTS:
Two story bungalow with covered front porch. According to public tax records the home was constructed in 1942, contains 1,155 square feet of living area and 770 square feet of basement space.
EXTERIOR:
INTERIOR:
First floor
Second floor
Basement/Mechanical
TAXES:
Published annual real estate taxes are $2,126.36, based on a full value assessment of $90,100.
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.
TITLE:
In fee simple; sold free and clear of liens.
SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. 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 Monday, March 23, 2020 at 11:00 A.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. It shall be the responsibility of the purchaser to obtain physical possession of the property. Purchaser waives the right of inspection for lead paint, as provided under current Federal and State law. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence.
No Buyer’s Premium!
