"Southeast Baltimore - Kresson Neighborhood"

REAL ESTATE AUCTION

“Kresson” Neighborhood

3 RENTAL TOWNHOMES

Known As:
119, 122 & 134
N. JANNEY STREET
Off E. Fairmont Avenue
Baltimore City, MD 21224

Sale On Premises
TUESDAY, OCTOBER 2, 2018
AT 11:00 A.M.

– Suggested Starting Bid: $10,000 Each –

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:
119, 122, 134 N. Janney Street are located in the Kresson neighborhood in southeast Baltimore City. Surrounding neighborhoods include Baltimore Highlands, Highlandtown and Greek Town. Nearby employers include Johns Hopkins Bayview Medical Center (2 miles), Mid Atlantic Baking Company (0.8 miles), Amazon Distribution Center in Sparrows Point (2 miles) and more. The property is within 0.5 miles of both Pulaski Highway and E. Lombard Street which feature shopping, dining, and entertainment. I-95 and I-895 are also easily accessible for commuters.

For more information, please see:
https://livebaltimore.com/neighborhoods/

SITE:
119 N. Janney Street: 13′ x 68′ more or less. Plat
122 N. Janney Street: 12’5″ x 65′ more or less. Plat
134 N. Janney Street: 12’5″ x 65′ more or less. Plat

Street Parking

Zoned: I-2, approved one dwelling single family

IMPROVEMENTS:
119 N. Janney St. : Two Story Brick Inside-Group Townhome. According to public tax records the home was constructed in 1900. The home is arranged as living room, dining room and kitchen, on the first floor; two bedrooms and bathroom, on the second floor; basement with gas forced heat and central air conditioning. Currently rented for $800 per month. MDE Lead Certificate.

122 N. Janney St. : Two Story Brick Inside Group Townhome. According to public tax records the home was constructed in 1900. The home is arranged as living room, dining room and kitchen, on the first floor; two bedrooms and bathroom, on the second floor; basement with gas forced heat and air conditioning. Currently rented for $850 per month. MDE Lead Certificate.

134 N. Janney St. : Two Story Brick Inside Group Townhome. According to public tax records the home was constructed in 1900. The home is arranged as living room, dining room and kitchen, on the first floor; two bedrooms and bathroom with outside sink, on the second floor; partially finished basement with electric forced heat and central air conditioning. Currently rented for $800 per month. MDE Lead Certificate.

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the Leases.

TAXES:
Current annual real estate taxes are:

119 N Janney Street – $1,362 based on a full value assessment of $57,700
122 N Janney Street – $1,407 based on a full value assessment of $59,600
134 N Janney Street – $1,310 based on a full value assessment of $55,500

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

TITLE:
119 and 122 N. Janney Street are in fee simple
134 N. Janney Street is subject to a $49 ground rent payable in semi annual installments on 1/1 and 7/1.

The properties will be sold free and clear of all liens

MANNER OF SALE:
The properties will be offered separately and as an entirety, and sold in the manner producing the greatest result.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, on each property, 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. All adjustments, including taxes, ground rent, 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. 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.

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