"Remington"

 REAL ESTATE AUCTION 

– $100,000 Suggested Opening Bid –

Two Blocks West of
Johns Hopkins University

Two Story, Porchfront
BRICK TOWNHOME
3-4 Bedrooms ◆ 2 Baths

Sale On Premises
2925 CRESMONT AVENUE
At W. 30th Street
Baltimore, MD 21211

THURSDAY, FEBRUARY 21, 2019
AT 3:00 P.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:
2925 Cresmont Avenue is located in the Remington area of north Baltimore, a short walk from Johns Hopkins University. The immediate neighborhood is bounded by Wyman Parkway, Cresmont Avenue, 29th Street and 31st Street, and consists of well-maintained two story townhomes. Restaurants, shops and attractions are within walking distance. Due to the proximity to Hopkins, the neighborhood has 24 hour security and ample public transportation.

SITE:
Rectangular lot 20′ x 107′
Zoning R-6, residential
Public water, sewer, gas, electricity, telephone, cable
Private fenced courtyard with wood sun deck

IMPROVEMENTS:
Two story inside-group covered porchfront brick townhome, built in 1925, containing 1,200 square feet of living area and 600 square feet of basement space, according to public tax records. The home has a built-up roof, vinyl-clad double-hung replacement windows and full stone basement foundation. Many original architectural details remain.

First Floor

• Foyer – inlaid hardwood floor
• Living Room – inlaid hardwood floor
• Dining Room – inlaid hardwood floor
• Kitchen – ceramic tile floor, wood cabinets, ceramic counters, gas range/oven, refrigerator, walk-in pantry

Second Floor

• Master Bedroom – wood floor, exit to rear-facing covered porch
• Bedroom #2 – wood floor
• Bedroom #3 – wood floor
• Full Bathroom – vinyl floor, ceramic wainscot

Basement

• Office (or Bedroom #4) – concrete floor, closet
• Shower-Bath – ceramic tile, new in 2014
• 2 – unfinished rooms
• Outside exit

Mechanical
Gas steam heat, gas water heater, 100 amp. electric

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book 12677, Page 207 and ground rent redemption Deed Book 14454, Page 488.

TAXES:
Published annual real estate taxes are $3,740, based on a full value assessment of $158,500. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE (Please see the contract of sale for complete terms):
A $10,000 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, 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.

No buyer’s premium.