Absolute Over $10,000 - "Brooklyn"

 ABSOLUTE AUCTIONS 

To the Highest Bidders As Noted Below

8 RESIDENTIAL PROPERTIES
7 Townhomes ◆ 3 Rented ◆ Storage Building

Known As:
3605, 3609,
3615, 3617 & 3621
4^th STREET

516 CAMBRIA STREET

3812 3^rd STREET
&
3618 5^th STREET

Near E. Patapsco Ave.
Baltimore City, MD 21225

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 Brooklyn neighborhood in South Baltimore. The properties are within one-half mile radius of each other. Located just off of E. Patapsco Avenue, in close proximity to Hanover Street commuters have access to I-895 (near the Harbor Tunnel) and I-695 (Baltimore Beltway). According to livebaltimore.com, “Brooklyn and Curtis Bay, combine the advantages of living near the Inner Harbor with small town USA. The roots of both communities are tied to the industries that grew up around the peninsula.” The location offers the amenities of local shopping, dining and entertainment, with the convenience of nearby major employment centers and shopping areas of downtown Baltimore City.

IMPROVEMENTS:

3618 5^TH STREET:
Absolute Over $10,000
Two story brick porchfront townhome
Currently rented for $900 plus $50 water

Lot Size: 14′ x 100′ more or less. Plat

First Floor:

• Living room – carpet
• Kitchen – vinyl

Second Floor:

• 2 Bedrooms – carpet
• Full bathroom – vinyl

Basement:

• Partially finished – carpet
• Gas water heater
• Gas boiler heat
• Sump pump
• Washer/dryer
• 100 amp electrical service

Title and taxes:

• Fee simple
• $1,182.36 annually based on a full value assessment of $50,100

The property does not have a current MDE lead certificate. Purchasers are encouraged to research what certificates and inspections may be required for ongoing rental of the property.

For directions from your location, visit: maps.google.com

LEASES:
Please complete a Waiver and Confidentiality Agreement form to view the leases for 3609 & 3615 4th Street and 3618 5th Street. 

All of the tax information above was obtained according to public tax records. 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

TERMS OF SALE:
A $2,500 deposit for each property, 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 (on vacant properties). 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 contract (on vacant properties) and the date of settlement (on occupied properties) and assumed thereafter by the Purchaser. The properties 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 existing leases of the tenants in place.  Security deposits, if any, shall be adjusted at the time of settlement. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. Time is of the essence. A 5% Buyer’s Premium will be added to the final bid price.