"Coppin Heights"

REAL ESTATE AUCTION
To The Highest Bidder Above $5,000

– ONLINE AUCTION ONLY –

TWO STORY BRICK
PORCHFRONT TOWNHOME

Known As:
1812 N. SMALLWOOD STREET
Off North Avenue
Baltimore City, MD 21216

BIDDING OPEN:
THURSDAY, DECEMBER 26, 2019

BIDDING CLOSE:
MONDAY, DECEMBER 30, 2019 AT 12:00 NOON

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:
1812 N. Smallwood Street is located in the Coppin Heights neighborhood of west Baltimore City. Surrounding neighborhoods include Easterwood, Walbrook and Bridgeview/Greenlawn. The property is located off of North Avenue, which features dining, retail and entertainment options. Commuters can also take advantage of North Avenue for east/west travel and I-83 (2.2 miles) for north/south travel. Druid Hill Park is within half a mile of the property and boasts a lake, disc golf course, trails and the Maryland Zoo in Baltimore. Major employers in the area include Coppin State University (0.4 mile), the shops at Mondawmin Mall (0.8 mile) and Baltimore City Community College (1.5 miles).

For more information, please see:
https://livebaltimore.com/neighborhoods/

SITE:
Lot – 14’3″ x 105′, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story brick inside-of-group porchfront townhome – according to public tax records, the house was constructed in 1920.

EXTERIOR:

• Flat built up roof (repaired early 2019)
• Vinyl replacement windows
• Brick exterior
• Rear walk-out from basement

INTERIOR:

First floor:

• Living room – carpet
• Dining room – carpet
• Kitchen – laminate floor
• Half bathroom – laminate floor

Second floor:

• Bedroom – wood floor
• Bedroom – wood floor
• Bedroom – laminate floor with bonus room
• Bathroom – laminate floor

Basement/mechanical

• Partially finished basement
• Utility sink
• 100 amp electrical service
• Oil Boiler

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

TAXES:
Published annual real estate taxes are $802.40, based on a full value assessment of $34,000. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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 Monday, December 30, 2019 at 12:00 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. 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, 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.

No Buyer’s Premium!