"Original Northwood"

Arthur L. Drager, Esquire
Law Offices of Arthur L. Drager, LLC
One N. Charles St., Suite 1200
Baltimore, MD 21201

ESTATE AUCTION
$20,000 Suggested Opening Bid

TWO STORY
PORCHFRONT
TOWNHOME

Sale On Premises
4123 THE ALAMEDA
Near Argonne Drive
Baltimore, MD 21218

THURSDAY, FEBRUARY 13, 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:
4123 The Alameda is located in the historic Original Northwood neighborhood of northeast Baltimore City. Surrounding neighborhoods include Pen Lucy, Ednor-Gardens-Lakeside and New Northwood. Original Northwood is a primarily wooded neighborhood comprised of single family and semi-detached homes. Since 1998, the community has been part of the National Register for Historic Places and features the largest unified collection of homes designed by the architect John A. Ahlers. The property is located on The Alameda, a convenient north/south thoroughfare which takes residents through the surrounding community. Cold Spring Lane, a major east/west artery, is located within a half mile of the home and features many dining, retail and entertainment options. Close by, residents can take advantage of the walking trails around Lake Montebello and Herring Run Park. Major employers in the area include Johns Hopkins University, Morgan State University and Loch Raven VA Medical Center.

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

Original Northwood is a covenant community. Please find the links to the community web page along with the covenants of the neighborhood:

Homeowner Packet – Greater Northwood Covenant Association, Inc.

Covenant of Original Northwood

Original Northwood web site

SITE:
Rectangular lot – 31′ x 140’6″
Zoning R-5, Residential

IMPROVEMENTS:
Two story brick porchfront end-of-group townhome, built in 1954, containing 1,152 square feet of living area and 576 square feet of basement space, according to public tax records. The home is arranged for a living room, dining room, kitchen on the first floor; 3 bedrooms and bath on the second floor, club room with fireplace and laundry/utility room in the basement.

TAXES:
Published annual real estate taxes are $3,221, based on a full value assessment of $136,500. 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

TITLE:
The property is subject to a $96 annual ground rent payable in semi-annual installments on 4/28 and 11/28; sold free and clear of liens. Deed Book 2974, Page 631.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. 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, 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. 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.

Arthur L. Drager, Personal Representative of the Estate of Frances Harris