"West Baltimore - Franklintown Road"

A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer. A 5% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

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WEST BALTIMORE

“Franklintown Road”

SEMI-DETACHED
TOWNHOME

Known As:
1114 POPLAR GROVE STREET
Near Riggs Ave
Baltimore City, Maryland, 21216

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:
1114 Poplar Grove Street is located in the Franklintown Road neighborhood of West Baltimore City. Surrounding neighborhoods include Winchester, Mosher and Penrose/Fayette Street Outreach. Located on Poplar Grove Street, residents have access to public transportation options on the north/south thoroughfare. Additional public transportation, including the Baltimore Metro, is available on Edmondson Avenue and Franklin Street, located under a half mile away. Restaurants, retail and entertainment options are available in the immediate area. Leakin Park, one of the country’s largest woodland parks, is within a quarter mile of the home. It features walking trails, playgrounds and plenty of excitement for residents and visitors. Major employers in the area include Coppin State University, Grace Medical Center and Baltimore City Community College.

For more information about the area, please visit:
Live Baltimore – livebaltimore.com
City of Baltimore – www.baltimorecity.gov

SITE:
Rectangular Lot: 22’1″ x 113′, according to public tax records. Plat

All public utilities

Zoned R-6, residential

IMPROVEMENTS:
Two story semi-detached townhome, built in 1930, containing 1,552 square feet of living area and 776 square feet of basement space, according to public tax records. The home is believed to contain living room, dining room and kitchen, on the first floor; three bedrooms and bathroom, on second floor; unfinished basement. Currently vacant and requires renovation.

TITLE:
$120 ground rent payable in semi-annual installments on 5/1 and 11/1; and sold free and clear of liens. Baltimore City Deed Book XAC Liber 26072, folio 386.

TAXES:
Published annual real estate taxes are $849.60 based on a full value assessment of $36,000.

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: Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer. Deposit funds shall be held by A. J. Billig & Co., LLC. 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 and 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. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price.