"Guilford National Historic District"

REAL ESTATE AUCTION

c. 1915 Two Story Brick
PORCHFRONT TOWNHOME
4 Bedrooms ◆ Bath

Sale On Premises
3802 GREENMOUNT AVENUE
Near E. 38th Street
Baltimore, MD 21218

FRIDAY, MARCH 16, 2018
AT 12:30 P.M.

– Suggested Opening Bid: $40,000 –

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:
3802 Greenmount Avenue is located in the Guilford Neighborhood, within the Guilford National Historic District. Guilford has been among the City’s most in demand neighborhoods in Baltimore City from its inception after the turn of the century. Known for Sherwood Gardens and significant architecture, the neighborhood features substantial homes, townhomes and condominiums. The community is situated in the center of the City, with easy access to both Downtown Baltimore and Towson. The home sits in close proximity to Johns Hopkins University, Loyola University of Maryland and is a short distance away from Morgan State and Towson Universities.

Link for Guilford Association:
www.guilfordassociation.org

Wikipedia description:
https://en.wikipedia.org/wiki/Guilford,_Baltimore

LiveBaltimore description:
http://livebaltimore.com/neighborhoods/guilford

SITE:
Rectangular lot: 24’6″ x 122’6″, more or less

Front and rear yards

Off-street parking potential

Zoning R-5, Residential

All public utilities

IMPROVEMENTS:
Two story brick inside-group townhome – constructed in 1915, containing 2,058 square feet of living area and 1,050 square feet of basement space. The home features hardwood floors, sleeping porch and other architectural details.

Exterior
Brick construction
Wood windows
Flat built-up roof – recoated and repaired 2012 – roofer receipt
Flat built-up roof (replaced 2013)
Covered front porch

First Floor

• Open living room and dining room – wood floor
• Kitchen – laminate floor
• Walk-out to rear yard

Second Floor

• Bedroom – wood floor, sleeping porch/3 season room
• Bedroom – wood floor
• Bedroom – wood floor
• Bedroom – wood floor
• Full ceramic tile bath

The home needs full renovation. Being sold subject to Baltimore City Code Violation Notice and Order Number 1529991A.

The Guilford Homeowners Association
Guilford Association documents
More information about the Guilford Association and annual dues coming soon.

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

TAXES:
Published annual real estate taxes are $590 based on a full value assessment of $25,000.

TERMS OF SALE:
A $5,000 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 by 12:30 P.M., Monday, March 19, 2018 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, 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 Baltimore City Code Violation Notice and Order Number 1529991A, any other housing code violations, environmental citations, easements, agreements, restrictions or covenants of record affecting same, if any, including those of the Guilford Association. 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, and agrees to waive any right of rescission under the Maryland Homeowners Act. Purchaser acknowledges receipt of the Constitution and Bylaws of the Guilford Association. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.

No Buyer’s Premium!

Flat built-up roof – recoated and repaired 2012 –

Flat built-up roof (replaced 2013)