"Hampden"

 REAL ESTATE AUCTION 

2 – BRICK TOWNHOMES
Comprising
5 Apartment Units

Sale On Premises
1434 & 1436 W. 37^TH STREET
Corner Buena Vista Avenue
Baltimore, MD 21211

FRIDAY, MAY 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:
The properties are located in the popular Hampden area of north Baltimore, two blocks west of Falls Road. Restaurants, attractions and public transportation, via light rail and bus, are a short walking distance from the homes. The neighborhood is occupied by a mixture of homeowner and tenant occupied housing. The buildings have a strong rental history.

For additional information see:
https://livebaltimore.com/neighborhoods/hampden

SITE:
Adjoining townhouse lots
1434 W. 37th Street – 14’3″ x 90′; Plat
1436 W. 37th Street – 15’7″ x 90′; Plat
Zoning R-7, residential. 1434 is registered as single family. 1436 is registered as three dwelling units.
All public utilities

IMPROVEMENTS:
2 – Adjoining Two Story Covered Porchfront Brick Townhomes, constructed in 1947, according to public tax records. All current tenants are month-to-month.

1434 W. 37th Street

• Inside-group townhome, 1,260 square feet of living area and 630 square feet of basement space, according to public tax records
• Two-bedroom apartment, rented for $900/month
• One-bedroom apartment, rented for $500/month
• Gas, hot water heat
• Separate electric meters
• Wood floors
• Inside-group townhome

1436 W. 37th Street

• End-of-group townhome, 1,350 square feet of living area and 675 square feet of basement space, according to public tax records
• One-bedroom apartment, rented for $700/month
• One-bedroom apartment, rented for $650/month
• One-bedroom apartment, currently vacant
• Electric baseboard heat
• Separate electric meters
• Wood floors

MDE lead certificates and leases are available to view. Please complete the Waiver and Confidentiality Agreement form.

TITLE:
The properties are in fee simple and sold free and clear of liens. Baltimore City Deed Liber 6608/1051, Ground Rent Redemptions Liber 14769/267 and 14769/271.

TAXES:
1434 – Published annual real estate taxes are $3,982, based on a full value assessment of $177,700.

1436 – Published annual real estate taxes are $3,756, based on a full value assessment of $167,500.

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

MANNER OF SALE:
Each property will be offered individually and the highest bids reserved. Then, both properties will be offered as an entirety. The sale will be made in the manner producing the greater amount.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 deposit on each property or $20,000 if sold as an entirety, 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 11:00 A.M., Monday, May 20, 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. All adjustments, including taxes, rents, 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 settlement 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, and subject to the rights of the existing tenants. 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.

No buyer’s premium