"Abell"

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 or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is required by 4:00 p.m. on the day of auction. No exceptions. 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.

Live Onsite & Simulcast Online Bidding
$50,000 Opening Bid

ABELL

Two Story, Brick
STOREFRONT BUILDING
960± SF ◆ Zoned C-1

Known As
3036 GREENMOUNT AVENUE
Baltimore, MD 21218

Online Bidding Opens
TUESDAY, MARCH 26, 2024

Live Onsite Auction
WEDNESDAY, MARCH 27, 2024
AT 11:00 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:
3036 Greenmount Avenue is located in the Abell neighborhood of northern Baltimore City, south of 33rd Street and north of Old York Road. The surrounding neighborhood is a mixture of residential and commercial land uses. The property is within walking distance of Johns Hopkins University and MedStar Union Memorial Hospital. Greenmount Avenue is the community commercial district for the Abell, Charles Village and Waverly Neighborhoods.

For additional details:
Abell – livebaltimore.com

SITE:
Rectangular lot – 11’9″ x 156’7″. Plat
Alley in rear
Room for parking in the rear
Public utilities
Zoning C1 – Neighborhood Commercial Zone permits neighborhood commercial activities and small-scale freestanding businesses.

IMPROVEMENTS:
Two Story In-Line Storefront Commercial Building, comprising 960 square feet, according to public tax records, and constructed prior to 1920.

Exterior – brick and siding, built-up roof, vinyl-clad double-hung windows

First Floor – retail space and rest room

Second Floor – former barber shop of 2 rooms and rest room

Mechanical – gas forced air heat and central air conditioning

The property is vacant.

TITLE:
The property is sold free and clear of liens, subject to an annual $120 ground rent, payable half-yearly on the 11th days of March and September, in each and every year (statutory redemption value $2,000). Baltimore City Deed Book MB 23168, Page 383.

TAXES:
Published annual real estate taxes are $1,499, based on a full value assessment of $63,533.

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 or business checks will be accepted for the increased deposit at the sale site. Otherwise, wiring instructions will be provided or a cashier’s check can be delivered to the Auctioneer’s office.

Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is required by 4:00 p.m. on the day of auction. No exceptions.

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, WHERE IS” condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any. 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. Purchaser assumes the risk of loss from the date of contract forward. 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.