"Southeast Baltimore - Baltimore Highlands"

REAL ESTATE AUCTION

TWO STORY TOWNHOME

Sale On Premises
3803 MOUNT PLEASANT AVENUE
A/K/A 3803 Mt. Pleasant Avenue
Off S. Eaton Street
Baltimore City, MD 21224

FRIDAY, DECEMBER 13, 2019
AT 1:00 P.M.

– Suggested Opening Bid: $35,000 –

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:
3803 Mount Pleasant Avenue is located in the Baltimore Highlands neighborhood in southeast Baltimore City. The surrounding area is often referred to more generally as Highlandtown. Surrounding neighborhoods include Highlandtown, Patterson Park, Kresson and Ellwood Park Monument. Brewer’s Hill and Canton are a short distance to the south. The property is roughly one-half mile from Patterson Park, which features an array of recreational opportunities in addition to scenic paths, pond and Pagoda. Johns Hopkins Bayview is one mile east, and Johns Hopkins Hospital (main campus) is approximately 1.5 miles west. Additional employment centers are located north in the Orangeville area, and south near the port terminals, and include the Amazon Fulfillment Center. The location has great access to major highways, including I-95 and I-895, and US-40 is a short distance to the north.

For more information, please see:
https://livebaltimore.com/neighborhoods/
http://highlandtown.com/
http://cityview.baltimorecity.gov/

SITE:
Rectangular lot – 12′ x 53’4″, more or less

All public utilities

Zoning R-8 Residential

IMPROVEMENTS:
Two story inside-group townhome – constructed in 1920, containing 960 square feet of living area and 384 square feet of basement space, according to public tax records. The home features vinyl-clad replacement windows, updated finishes and is arranged for 5 rooms (2 bedrooms), bath and basement. MDE lead certificate. Formerly rented for $1,000/month. Currently vacant.

TITLE:
Subject to a $42 annual ground rent (unregistered); sold free and clear of all liens

TAXES:
Published annual real estate taxes are $1,366.44, based on a full value assessment of $57,900.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $2,500 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 by 1:00 P.M., Monday, December 16, 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, 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. 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. 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. A 5% buyer’s premium will be added to the final bid price.