"Woodbourne-McCabe"

 REAL ESTATE AUCTION 

– $20,000 Suggested Opening Bids –

2 – RENTAL TOWNHOMES
Currently Under Lease

Sales On Premises
700 & 739
McCABE AVENUE
Off 5200 York Road
Baltimore, MD 21212

WEDNESDAY, SEPTEMBER 6, 2017
AT 2:00 P.M.

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 northern Baltimore City, approximately two blocks east of York Road and Homeland Avenue. Neighborhood housing is a mixture of townhomes, detached single-family homes and apartments. The neighborhood is convenient to Towson, Downtown Baltimore, community shopping, schools and public transportation.

LiveBaltimore.com neighborhood link:
https://livebaltimore.com/neighborhoods/woodbourne-mccabe

700 McCABE AVENUE:
Corner Craig Avenue – lot 20’5″ x 77’11”; all public utilities; zoned R-6; Plat

Two story end-of-group porchfront brick townhome, 3 bedrooms and bath, basement, renovated in 2007/2008, new furnace in 2016, rented for $800/month (year-to-year tenant since 2011), MDE limited lead-free certification.

Subject to an annual $72 ground rent due semi-annually on 5/1 and 11/1.

739 McCABE AVENUE:
Lot 21′ x 108′; all public utilities; zoned R-6; Plat

Two story inside-group porchfront brick townhome, 4 bedrooms and bath, basement, renovated in 2005/2006, new water heater in 2014, rented for $975/month (month-to-month tenant since 2008), MDE limited lead-free certification.

In fee simple.

ADDITIONAL INFORMATION:
Complete the Confidentiality Waiver and copies of the leases and lead certifications will be emailed.

TITLE:
The properties are sold free and clear of liens. 700 – Deed Liber 10528/206. 739 – Deed Liber 6451/1186.

TAXES:
Published annual real estate taxes are 700 – $1,541, based on a full value assessment of $65,300 and 739 – $1,645, based on a full value assessment of $69,700. 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

TERMS OF SALE:
A $2,500 deposit on 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. 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, rents, 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 settlement 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. 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.