"Howard Park"

REAL ESTATE AUCTION
To the Highest Bidder Over $5,000

CORNER
DEVELOPMENT PARCEL
0.11± Acre ✦ Zoned R4 – D-MU

Sale On Premises
5001 LIBERTY HEIGHTS AVENUE
Corner Plateau Avenue
Baltimore City, MD 21207

THURSDAY, OCTOBER 17, 2019
AT 11:00 A.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:
5001 Liberty Heights Avenue is located in the Howard Park neighborhood in northwest Baltimore City. Located at the western edge of Baltimore City, Howard Park is largely comprised of single-family detached homes on tidy lots. Liberty Heights Avenue (MD-26, Liberty Road further west) is a major artery between downtown Baltimore, Randallstown and eventually Eldersburg and other points in Carroll and Frederick Counties. The proximate area surrounding 5001 Liberty Heights Avenue is varied with respect to property uses. Large, single family homes, apartments, retail businesses, educational and worship based facilities are all within close proximity. The eclectic mix of uses and property zoning would make the site ideal for an array of potential development.

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

SITE:
Rectangular lot: 55′ x 90′, comprising 4,950 square feet or 0.113 acre, more or less

Curb cuts on Liberty Heights and Plateau Avenues

Zoned: R-4 Residential and D-MU Detached Dwelling Mixed-Use Overlay District
According to the Transform Baltimore Zoning Map Legend and Zoning District Summary, R-4 is a “Detached and Semi-Detached Residential Zoning District intended for neighborhoods that accommodate detached and semidetached dwellings. Limited non-residential uses,” and D-MU is a “Detached Dwelling Mixed-Use Overlay District allows a mixed-use detached environment, where some structures are used for residential and others for first-floor commercial uses. Tied to base parcel zoning.”

Please visit Baltimore City Zoning for more information about potential property uses.
https://dhcd.baltimorecity.gov/ce/zoning

TAXES:
Published annual real estate taxes are $1,751.12, based on a full value assessment of $74,200. 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:
Subject to an annual $0.01 ground rent (unregistered); and will be sold free and clear of liens

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $2,500 deposit, payable by certified check or 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. 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!