"Sandtown - Winchester"

A $3,000 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, by December 4, 2024 at 4 P.M. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. 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.

TO THE HIGHEST BIDDER OVER $5,000

SANDTOWN – WINCHESTER

TWO STORY
SHELL TOWNHOME

Known As:
1720 N. MOUNT STREET
Near Westwood Avenue
Baltimore City, Maryland 21217

BIDDING OPENS:
MONDAY, DECEMBER 2, 2024

BIDDING CLOSES:
WEDNESDAY, DECEMBER 4, 2024
AT 11:30 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:
1720 N. Mount Street is located in the Sandtown-Winchester neighborhood of West Baltimore City. Surrounding neighborhoods include Harlem Park, Upton, Druid Heights, Penn North and Easterwood. Nearby properties are a mix of townhomes and apartments, with some commercial and religious properties along Fulton Avenue and Monroe Street. The neighborhood is located along US-40, providing good access to the Metro (Penn North and Upton Stations within 1 mile), West Baltimore MARC station (1.1 miles southwest), Downtown (2.5 miles east), and the Baltimore Beltway (I-695, 5.7 miles west). Right up the street is the center of a recent $100 million mixed-use community development project known as Reservoir Square, formerly Madison Park North. The new community will feature 120 new townhomes, 200 apartments, approximately 100,000 square feet of office space, community improvements and more.

For more information, please see:
Neighborhoods – livebaltimore.com
Reservoir Square – www.reservoirsquare.com

SITE:
Rectangular lot – 12′ x 80′, more or less. Plat
Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story shell townhome, constructed in 1920, according to public tax records. The home is in shell condition and requires complete rehabilitation.

TITLE:
$78 annual ground rent; Sold free and clear of all liens. Baltimore City Deed Book MB 24411, folio 195.

TAXES:
Published annual real estate taxes are $283.20, based on a full value assessment of $12,000.

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 $3,000 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, by December 4, 2024 at 4 P.M. 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. 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% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price.