"Arlington"

REAL ESTATE AUCTION

FREESTANDING
RESIDENTIAL BUILDING
– Arranged for 2 Dwelling Units –
&
RESIDENTIAL PARCEL

Sale on Premises
5500 NARCISSUS AVENUE
& LOT: BLOCK 4429B LOT 5
Off W. Rogers Avenue, Near W. Northern Parkway
Baltimore City, MD 21215

TUESDAY, DECEMBER 17, 2019
AT 1:30 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:
5500 Narcissus Avenue is located in the Arlington neighborhood in northwest Baltimore City. Surrounding neighborhoods include Glen, Woodmere, Pimlico Good Neighbors and Central Park Heights. Nearby major employers include Sinai Hospital, Social Security and Pimlico Race Course. The Rogers Metro station is approximately 1.5 miles east, and I-83 (JFX) is approximately 2 miles west. Retail and dining options are along nearby Reisterstown Road, Northern Parkway and Park Heights Avenue. Nearby properties are comprised of single-family homes, townhomes, religious and educational facilities.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/arlington/

SITE:
5500 Narcissus Avenue – 47′ x 70′, more or less
Lot – Block 4429B Lot 5 – 35′ x 140′, more or less

Total lot size – 8,190 square feet, or 0.188 acre, more or less

Concrete driveway and parking area (lot side) for 3+ vehicles

Curb cut (house side)

Zoning – R-4 residential, single family

IMPROVEMENTS:
Two story freestanding building arranged for 2 dwelling units – constructed in 1943, containing 2,073 square feet of living area above grade plus unfinished basement, according to public tax records. The home is arranged for a dwelling unit on each floor, each with a separate exterior entrance. There are currently 2 gas meters, 1 electric meter with space for a second (was formerly 2 meters), 2 water heaters and separate heat.

Exterior

• Frame construction
• Vinyl siding
• Asphalt shingle roof
• Vinyl-clad replacement windows
• Aluminum down spouts and rain gutters
• Exterior stairwell to second floor

Interior

First Floor:

• Sun porch
• Living room/dining room – carpet
• Kitchen – laminate floor, laundry area, walk-out to rear patio
• Bedroom – carpet over wood
• Bedroom – carpet over wood
• Full bath – laminate floor

Second Floor:

• Living room – carpet
• Dining room or den
• Kitchen – needs appliances
• Bedroom – carpet
• Bedroom – carpet
• Full bath – laminate floor

Basement/Mechanical

Unfinished basement

Oil boiler (for second floor) – needs repair or replacement

Gas forced air heat (for first floor)

2 – 30 gallon water heaters

TAXES:
5500 Narcissus Avenue – Published annual real estate taxes are $3,872.76, based on a full value assessment of $164,100.

Lot – Block 4429B Lot 5 – Published annual real estate taxes are $113.28, based on a full value assessment of $4,800.

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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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

MANNER OF SALE:
The properties will be sold as an entirety only.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $3,500 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 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, 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. 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. 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!