"Hampden"

 REAL ESTATE AUCTION 

– $75,000 Suggested Opening Bid –

Two Story, Porchfront
BRICK TOWNHOME

Sale On Premises
3636 KESWICK ROAD
One Block North of “The Avenue”
Baltimore, MD 21211

THURSDAY, FEBRUARY 21, 2019
AT 2:00 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:
3636 Keswick Road is located in the Hampden neighborhood of north Baltimore, a popular urban neighborhood about three miles north of Downtown. The property is situated one block north of 36th Street, also known as “The Avenue,” the Hampden community commercial district. The Avenue is lined with restaurants, cafes and quirky stores, providing a small town vibe in a very central location. The neighborhood is convenient to MTA light rail and public bus service and I-83, the Jones Falls Expressway. Neighborhood housing is predominantly comprised of two story townhomes.

For more information on Hampden:
https://livebaltimore.com/neighborhoods/hampden

SITE:
Rectangular lot 14′ x 70′
Zoning R-7, residential
Public water, sewer, gas, electricity, telephone, cable
Fenced rear concrete courtyard

IMPROVEMENTS:
Two story, inside-group, covered porchfront brick townhome, built in 1920, containing 1,260 square feet of living area and 630 square feet of basement space, according to public tax records. The home has a built-up roof, vinyl-clad double-hung replacements windows and full stone basement foundation.

First Floor

• Living Room – wood parquet floor
• Dining Room – wood parquet floor
• Eat-in Kitchen – laminate floor, gas range/oven, refrigerator, dishwasher, disposal, wood cabinets and ceramic tile counters

Second Floor

• Bedroom #1 – wood floor
• Bedroom #2 – wood floor
• Den (could be third bedroom) – wood floor
• Full Bathroom – vinyl floor, claw-foot tub

Basement

• Full, unfinished

Mechanical – gas forced air heat, central air conditioning, gas water heater, 100 amp. electric

The home is clean has been used as a rental unit – currently vacant.

TITLE:
The property is sold free and clear of liens, subject to an annual $72 ground rent, payable in equal semi-annual installments on the 27th days of March and September in each and every year (not registered). Baltimore City Deed Book 11158, Page 487.

TAXES:
Published annual real estate taxes are $3,609, based on a full value assessment of $152,933. 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 $7,500 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. 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.