"Frankford"

A $10,000 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 by 11:00 A.M., Thursday, January 25, 2024, at the Auctioneer’s office (wire or cashier’s check). 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.

$75,000 Opening Bid

FRANKFORD

BUNGALOW
– Renovation Required –

Known As:
4205 STANWOOD AVENUE
Off Belair Road
Baltimore City, MD 21206

New Auction Date:
Sale On Premises:
WEDNESDAY, JANUARY 24, 2024
AT 12:30 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:
4205 Stanwood Avenue is located in the Frankford neighborhood of northeast Baltimore City. Surrounding neighborhoods include Belair-Edison, Cedonia and Parkside. Frankford is conveniently located in close proximity to major commuter routes throughout the area, including I-95, I-895, the Baltimore Beltway (I-695), Belair Road and Moravia Road. Belair Road provides ample access to retail, dining and entertainment options. The Hamilton-Lauraville Main Street corridor along Harford Road is also within 1 mile and features over 250 local businesses and services. Local events such as Shop Small Saturday and First Friday are hosted by the Hamilton Business Association for the community. Public transportation options are available on both Belair Road and Moravia Road. Major employers in the area include Morgan State University, Johns Hopkins University and Loyola University.

For more information:
Frankford – livebaltimore.com
Hamilton-Lauraville Main Street – www.bmoremainstreet.com

SITE:
Rectangular lot – 48′ x 149′, more or less, or 0.164± acre. Plat
Concrete driveway for 3+ vehicles
Fenced rear yard
Zoning R-3, residential
All public utilities

IMPROVEMENTS:
Two story bungalow home. According to public tax records, the property was built in 1925, containing 1,129 square feet of living area and 546 square feet of basement space. The home is vacant and requires renovation.

EXTERIOR:
Concrete foundation
Aluminum exterior siding
Asphalt shingle roof
Aluminum and vinyl windows

INTERIOR:
First floor:
Living room – vinyl plank flooring with hardwood flooring underneath
Dining room – vinyl plank flooring with hardwood flooring underneath
Kitchen – laminate flooring
Bedroom – carpet with ceiling fan
Bedroom – vinyl flooring with ceiling fan
Bathroom – laminate flooring

Second floor:
Bedroom – tile flooring
Bedroom – tile flooring

Basement:
Club room
Full bathroom
Washer/dryer area

MECHANICAL INFORMATION:
Baseboard heat
Gas boiler
Gas water heater (40 gallon)
100 amp electrical circuit

TAX INFORMATION:
Published annual real estate taxes are $3,019.21, based on a full value assessment of $127,933.

TITLE:
In fee simple; sold free and clear of liens. Baltimore City Deed Book Liber MB 24597, folio 92.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

A $10,000 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 by 11:00 A.M., Thursday, January 25, 2024, at the Auctioneer’s office (wire or cashier’s check). 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% buyer’s premium will be added to the final bid price.

Sale by Order of the Estate of Malcolm Thomas Boykin