"Morrell Park"

 REAL ESTATE AUCTION 

3 – BRICK TOWNHOMES

Sales On Premises
1903, 1905 & 1908
GRINNALDS AVENUE
Off 2400 Washington Boulevard
Baltimore, MD 21230

WEDNESDAY, OCTOBER 18, 2017
AT 11:00 A.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 the Morrell Park neighborhood of southwestern Baltimore City. Morrell Park is situated just south of I-95, with great access, and close to the Baltimore Washington Parkway (MD-295) and the Baltimore Beltway (I-695). Large employers are nearby, in the Montgomery Park Business Center, along Benson Avenue and Patapsco Avenue. Downtown Baltimore is a few miles east of the neighborhood. Public transportation, shopping and food options are along Washington Boulevard. Neighborhood housing is a mixture of attached and detached homes, which are both owner and tenant occupied.

Link for LiveBaltimore neighborhood description:
https://livebaltimore.com/neighborhoods/morrell-park

SITE:
Three rectangular lots:
1903 Grinnalds Avenue – 15′ x 93′ – Plat
1905 Grinnalds Avenue – 15′ x 93′ – Plat
1908 Grinnalds Avenue – 15′ x 89′ – Plat

All public utilities
Zoning R-6, residential

IMPROVEMENTS:
Each property consists of a covered porchfront, two-story, brick, inside-group townhome.

1903 Grinnalds Avenue – $10,000 suggested opening bid – built in 1926, containing 1,080 square feet of living area and 540 square feet of basement space, according to public tax records. The home formerly comprised 6 rooms (3 bedrooms), bath and basement, but has been gutted for renovation.
1905 Grinnalds Avenue – $20,000 suggested opening bid – built in 1926, containing 1,080 square feet of living area and 540 square feet of basement space, according to public tax records. The home comprises a living room, dining room, kitchen, 3 bedrooms, bath and basement.
1908 Grinnalds Avenue – $20,000 suggested opening bid – built in 1927, containing 1,100 square feet of living area and 550 square feet of basement space, according to public tax records. The home comprises a living room, dining room, kitchen, 3 bedrooms, bath and basement.

TITLE:
All three properties are in fee simple and will be sold free and clear of liens.

TAXES:

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

MANNER OF SALE:
Each property will be offered individually and the bids reserved. Then, all properties will be offered as an entirety.

TERMS OF SALE:
A $2,500 deposit on each property or $7,500 if sold as an entirety, 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. 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. 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. A 5% buyer’s premium will be added to the final bid price.