"Dundalk - Saint Helena"

REAL ESTATE AUCTION

Two Story
APARTMENT BUILDING
– Arranged for 4 Units & Office –

Sale On Premises
6600 CLEVELAND AVENUE
Baltimore City, MD 21222

TUESDAY, JUNE 13, 2017
AT 11:00 A.M.

– Suggested Opening Bid: $75,000 –

      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:
6600 Cleveland Avenue is located in the Saint Helena neighborhood in the Dundalk area, on the Baltimore City/County line. A portion of the property lies in the Colgate Park neighborhood in Baltimore County. Saint Helena is situated west of Dundalk Avenue, between Fort Holabird and St. Helena Parks. The Seagirt and Dundalk Marine Terminals are immediately to the south and west. The Historic Dundalk Town Center is within one-half mile. I-95 and I-895 are about 2 miles to the north, and I-695 is about 2.5 miles to the south. Surrounding properties are a mix of traditional single family homes, townhomes and religious buildings.

For more information about the area, please visit:
https://livebaltimore.com/
http://www.unexpecteddundalk.com/

SITE:
Rectangular lot – 50′ x 115′, more or less

Fenced rear and side yard

Steel fire escape

Potential for off-street parking

Zoned R-3 Residential
For more information about the Transform Baltimore Zoning Code, please visit:
http://planning.baltimorecity.gov/programs/transform-baltimore

A portion of the property lies in Baltimore County. Lot size: 400 square feet, more or less. Zoned DR 5.5.

Public water, sewer, gas, electricity, telephone, cable TV

IMPROVEMENTS:
Two story brick free-standing building – the building was constructed in 1955, contains 3,732 square feet of living area and 1,800 square feet of basement space. The building is arranged for 4 self-contained dwelling units and office. Three units have been substantially updated, with one unit as a shell. Units feature replacement windows, forced air heat and central air conditioning. First floor units have separate exterior entrances. The second floor units have an interior common entry. Units are arranged as follows:

Unit 1W – First floor – Kitchen, living room, two bedrooms and full bath

Unit 1E – First floor – Shell condition, arranged for living room, kitchen, bedroom and bath

Storefront – First floor – Shell condition, arranged for one room, plumbed for powder room

Unit 2E – Second floor – Living room, kitchen, two bedrooms and bath

Unit 2W – Second floor – Living room, kitchen, two bedrooms and bath

Shared utility closet on the second floor. Unfinished basement with utility area.

Units are all vacant.

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

TAXES:
Published annual real estate taxes for Baltimore City are $5,957, based on a full value tax assessment of $272,200. 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

Published annual real estate taxes for Baltimore County are $0.00 based on a full value assessment of $100.

TERMS OF SALE:
A $10,000 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 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, 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.

No Buyer’s Premium!