"Forest Park"

REAL ESTATE AUCTION

TRADITIONAL HOME
– On 0.17 +/- Acre-

Sale On Premises
3404 W. FOREST PARK AVENUE
Baltimore City, MD 21216

THURSDAY, APRIL 27, 2017
AT 12:30 P.M.

– Suggested Opening Bid: $20,000 –

      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:
3404 West Forest Park Avenue is located in the Forest Park neighborhood in west Baltimore City. Surrounding neighborhoods include Wakefield, Windsor Hills and Dickeyville. Forest Park Golf Course is located 2 miles west, while Hanlon Park is one block to the east. I-70, with easy access to the Baltimore Beltway (I-695), is a short distance to the southwest. Nearby homes are primarily detached traditional homes, with some semi-detached and townhomes at the edges of the neighborhood.

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

SITE:
Lot: 53’6″ x 138’11”

Front and rear yards

Zoning R-2, residential

Public utilities

IMPROVEMENTS:
Two story porchfront traditional home, constructed in 1920, contains 2,768 square feet of living area and 1,260 square feet of basement space. The home features a new asphalt shingle roof, American Craftsman vinyl replacement windows and new drywall, wiring and vent work. The home is arranged as follows: open living, dining, kitchen and family room, on the first floor; three bedrooms and two full baths, on the second floor; full unfinished basement with a fieldstone foundation. “The home needs completion.”

TITLE:
$120 annual ground rent (due in semi-annual installments on 5/14 & 11/14); and sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $4,479.28 based on a full value assessment of $189,800. 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 $3,000 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. 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!