"East Baltimore Midway"

REAL ESTATE AUCTION

TWO STORY
PORCHFRONT TOWNHOME

Sale On Premises
1122 DARLEY AVENUE
Near Aisquith St.
Baltimore, MD 21218

WEDNESDAY, SEPTEMBER 26, 2018
AT 12:45 P.M.

– SUGGESTED OPENING BID: $5,000 –

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 property is located in the East Baltimore Midway neighborhood of Baltimore City surrounded by the Darley Park, Barclay, and Coldstream Homestead Montebello neighborhoods. The neighborhood consists of primarily two story brick townhomes built in the 1920’s. As a part of the revitalization and development of this area The East Baltimore Midway Community Development Corporation, Inc. and the Greater Homewood Improvement Association have dedicated resources and focused their development strategies in three major areas, including: housing, business development and employment opportunities, as well as community stabilization. According to livebaltimore.com, “The mission of the corporation is to assist in the improvement of the quality of life for persons who live, work and play in the East Baltimore Midway and Barclay communities.” The property is also in close proximity to local schools, shopping and dining options, as well as convenient access to public transportation and easy access into downtown Baltimore City.

SITE:
Rectangular Lot: 14′ x 80′, more or less

Public water and sewer

Zoned R7- Residential

Tax ID: 0309144010H012

IMPROVEMENTS:
Two story end-of-group porchfront townhome constructed in 1920, believed to contain 1,400 square feet of living area and 700 square feet of basement space.

Exterior:
Brick
Flat built-up roof
Vinyl clad replacement windows
Fenced in rear yard

Interior:

First floor

• Living Room
• Dining Room
• Kitchen

Second floor

• 3 Bedrooms
• Full bath

Unfinished basement

TAXES:
Current annual real estate taxes are $723.74 based on a full value assessment of $30,667 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

TITLE:
The property is in fee simple; and sold free and clear of liens.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, 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. 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!