"Greenspring"

REAL ESTATE AUCTION

Two Story Brick
TOWNHOME

Sale On Premises
2635 QUANTICO AVENUE
Off Pall Mall Road
Baltimore City, MD 21215

TUESDAY, MAY 2, 2017
AT 11:00 A.M.

– Suggested Opening Bid: $2,500-

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:
2635 Quantico Avenue is located in the Greenspring neighborhood in northwest Baltimore City. Surrounding neighborhoods include Woodberry, Central Park Heights, Parklane and Park Circle. The neighborhood is very proximate to Cold Spring Park, Druid Hill Park, Sinai Hospital and the Jones Falls Expressway (I-83). Nearby homes are comprised predominantly of brick townhomes.

For more information about Baltimore City neighborhoods, please visit:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot: 25′ x 90′, more or less

Street parking

Zoning R-6, residential, 2 dwelling units

All public utilities

IMPROVEMENTS:
Two story brick inside-group townhome – according to tax records, the home was constructed in 1920. The home is believed to be arranged for two self-contained apartments. One unit is occupied, with the tenant paying $650/month. The other unit is vacant.

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

TAXES:
Published annual real estate taxes are $354.00 based on a full value assessment of $15,000.  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, 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, rent, 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.  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!