"Frankford"

2 Unit
END-OF-GROUP TOWNHOME

5025 BELAIR ROAD
Corner Chesmont Avenue
Baltimore City, MD 21206

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:
5025 Belair Road is located in the Frankford neighborhood in northeast Baltimore City. Surrounding neighborhoods include Waltherson, Cedmont and Cedonia. Proximity to the Baltimore Beltway (I-695), I-95 and I-895 makes the location convenient for those commuting to or from the area. Shopping, dining and neighborhood services are along Belair Road. Nearby properties comprise a mix of townhomes, single family homes and commercial businesses.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/

SITE:
Lot size – 18’3″ x 90′ more or less

Detached garage

Side yard

All public utilities

Zoning R-7/R-MU, residential mixed-use, registered for 2 dwelling units
For more information, see the: Baltimore City Zoning Code

IMPROVEMENTS:
Two story end-of-group brick townhome – the home was constructed in 1929, contains 1,250 square feet of living area and 570 square feet of basement space, according to public tax records. The self contained units are believed to each contain three rooms and bath. Both units are vacant.

TITLE:
In fee simple; sold free and clear of all liens

TAXES:
Published annual real estate taxes are $2,565.32, based on a full value assessment of $108,700. 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 REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A 10% deposit, payable by certified check or cashier’s check, will be required of the purchaser at time and place of sale. 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.

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