"Morrell Park"

REAL ESTATE AUCTION

Two Story Brick
PORCHFRONT TOWNHOME
– Certified Lead Free –

Sale On Premises
1903 GRIFFIS AVENUE
Baltimore, MD 21230

TUESDAY, JULY 25, 2017
AT 11:45 A.M.

– Suggested Opening Bid: $10,000 –

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:
1903 Griffis Avenue is located in south Baltimore in the Morrell Park neighborhood. Morrell Park is situated just south of I-95, with great access to I-295 and the Baltimore Beltway (I-695). Large employers are located close by in the Montgomery Park Business Center, along Benson Avenue and Patapsco Avenue, and in the Downtown Baltimore Central Business District, a few minutes to the east along Washington Boulevard. Public transportation, shopping and food options are along Washington Boulevard. Area homes are primarily attached and semi-detached homes, with a collection of detached homes to the southwest.

SITE:
Rectangular lot: 15’4″ x 77’6″, more or less

Zoning R-6, Residential

Asphalt parking pad

Fenced front and rear yards

Public utilities

IMPROVEMENT DESCRIPTION:
Two story covered porchfront brick townhome – according to public tax records, the home was constructed in 1925, contains 912 square feet of living area and 492 square feet of basement space. The home features vinyl replacement windows, gas forced air heat, 40 gallon gas water heater and is arranged as follows: open living/dining room layout and kitchen on the first floor; 2 bedrooms and bath, on the second floor; full finished basement with laundry/utility area and walkout. MDE Lead Free Certificate. The home is in turn-key rental condition.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $1,399.48, based on a full value assessment of $59,300. 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 is being sold free and clear of all liens.

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. 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 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. 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. Time is of the essence.

No Buyer’s Premium!