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A $5,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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 or see the Sample Contract.
– Starting Bid: $25,000 –
2717 PARKWOOD AVENUE
Off N. Fulton Avenue
Baltimore City, MD 21217
TUESDAY, MARCH 28, 2023
THURSDAY, MARCH 30, 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.
2717 Parkwood Avenue is located in the Parkview/Woodbrook neighborhood of West Baltimore City. Surrounding neighborhoods include Liberty Square, Mondawmin and Park Circle. The Parkview/Woodbrook neighborhood is a vibrant and diverse community located in front of the newly redesigned Druid Hill Park. The 745 acre park is one of the oldest public parks in America. It offers several attractions including the Baltimore Zoo, Druid Lake and several ball fields, playgrounds and a disc golf course. The park is receiving a $290m overhaul which will add new recreation and entertainment areas. Baltimore City officials said that the overhaul would reset Druid Hill Park for future generations, as well as spark new economic development in the area. Commuters have convenient access to major thoroughfares including Fulton Avenue and I-83 for north/south travel and North Avenue for east/west travel. Public transportation, including bus and metro, are within a half mile of the home. Major employers in the area include Coppin State University, the shops at Mondawmin Mall and Dietz & Watson.
For more information, please see:
Parkview/Woodbrook – livebaltimore.com
Lot – 13’4″ x 85′, more or less. Plat
All public utilities
Zoned R-8, Residential
Two story inside group townhome constructed in 1920, contains 1,414 square feet of living area and 685 square feet of basement space, according to public tax records. The home is believed to contain living room, dining room, kitchen, on first floor; three bedrooms and bathroom, on second floor; unfinished basement. The home is currently rented to a long-term tenant on a month-to-month lease for $900. The tenant is in arrears. Last payment was December 2022.
Subject to a $66 ground rent payable in semi-annual installments on 1/5 and 7/5; sold free and clear of liens. Baltimore City Deed Book Liber FMC 14912, folio 472.
Published annual real estate taxes are $2,107.48, based on a full value assessment of $89,300.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, rents, 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 and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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% buyer’s premium will be added to the final bid price.