"Carrollton Ridge"

REAL ESTATE AUCTION
-Online Auction Only-

TWO STORY
TOWNHOME
– Previously Rented For $950/ Month –

Known As:
2145 WILKENS AVENUE
Near Bentalou Street
Baltimore City, MD 21223

BIDDING OPEN:
FRIDAY, OCTOBER 11, 2019

BIDDING CLOSE:
TUESDAY, OCTOBER 15, 2019 AT 12:00 NOON

– Suggested Starting Bid: $10,000 –

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:
2145 Wilkens Avenue is located in the Carrollton Ridge neighborhood of southwest Baltimore City. Surrounding neighborhoods include New Southwest/Mount Clare, Mill Hill and Union Square. The property is situated on Wilkens Avenue which hosts many restaurants, shops and other entertainment options. Local employers include Saint Agnes Hospital, Bon Secours Hospital and Horseshoe Casino. Commuters have a variety of options, including multiple bus routes on Wilkens Avenue, Route 40 for east/west travel and I-95 for north/south travel.

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

SITE:
Lot – 13’6″ x 87′, more or less

All public utilities

Zoned residential

IMPROVEMENTS:
Two story inside group brick townhome – according to public tax records, the home was constructed in 1920. The home was previously rented for $950 per month.

EXTERIOR:

• Formstone exterior
• Vinyl replacement windows
• Flat built up roof
• Fenced rear yard

INTERIOR:

First floor:

• Living room – wood floor
• Dining room – wood floor
• Kitchen – laminate floor
• Flush and washer dryer area

Second floor:

• Bedroom – wood floor
• Bedroom – wood floor
• Bedroom – wood floor
• Bathroom – laminate floor

Basement/mechanical

• Unfinished
• 40 gallon electric water heater
• Gas furnace

TITLE:
Subject to a $44 ground rent payable in semi-annual installments on April 1 and October 1; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $354, based on a full value assessment of $15,000. 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 Tuesday, October 15, 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 30 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.

5% Buyer’s Premium, subject to $1,000 minimum fee