"Reservoir Hill"

Live Auction Bidders – A $5,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers office. 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% buyer’s premium 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.

Featuring Live & Online Simulcast Bidding
ABSOLUTE TO THE HIGHEST BIDDER
ABOVE $50,000

RESERVOIR HILL

THREE STORY
BRICK TOWNHOME

Known As:
2424 LAKEVIEW AVENUE
Off Druid Park Lake Dr.
Baltimore City, Maryland 21217

ONLINE BIDDING OPENS:
MONDAY, AUGUST 21, 2023

LIVE ONSITE AUCTION:
WEDNESDAY, AUGUST 23, 2023 AT 1:00 P.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:
2424 Lakeview Avenue is located in the Reservoir Hill neighborhood in West Baltimore City. Surrounding neighborhoods include Penn North, Bolton Hill and Druid Heights. The historic community of Reservoir Hill is famous for its architectural diversity displayed in its late 19th and early 20th century stand-alone mansions and porch-front townhomes. Druid Hill Park is one block north of the home and offers its residents long walking and bike trails, a pool, basketball and tennis courts, the Rawlings Conservatory and the Maryland Zoo. The area has been the center of a recent $100 million mixed-use community development project known as Reservoir Square. The new community will feature 120 new townhomes, 200 apartments, approximately 100,000 SF of office space, community improvements and more. Commuters have convenient access to major thoroughfares, including I-83 for north/south travel and North Avenue for east/west travel. Major employers in the area include the University of Baltimore, Maryland Institute College of Art (MICA), and the University of Maryland Baltimore.

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

SITE:
Lot – 16′ x 142′, more or less. Plat

All public utilities

Zoned R-7, Residential

IMPROVEMENTS:
Three story end-of-group brick townhome – constructed in 1908, comprising 2,880 square feet of living area and 960 square feet of basement space, according to public tax records. The home is believed to be arranged as living room, dining room, kitchen, and half bath on first floor; two bedrooms and bath on second floor, two bedrooms on the third floor; unfinished basement. The home is currently vacant.

TITLE:
$90 annual ground rent; sold free and clear of liens. Baltimore City Deed Book RHB 3061, folio 14.

TAXES:
Published annual real estate taxes are $4,693.26, based on a full value assessment of $198,867.

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.

Live Auction Bidders – A $5,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Personal checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 4:00 p.m. on the day of auction at the auctioneers office.

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, 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. A 5% buyer’s premium will be added to the final bid price.