"Frankford"

Live Auction Bidders – A $15,000 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, July 27, 2023, at the Auctioneer’s office (wire or cashier’s check). 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 $15,000 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 and see the Sample Contract.

Featuring Live & Online Simulcast Bidding
$125,000 Opening Bid

FRANKFORD

TRADITIONAL
HOME
– Arranged for Two Dwelling Units –

Known As:
4802 ALTHEA AVENUE
Off Southern Avenue
Baltimore City, MD 21206

ONLINE BIDDING OPENS:
MONDAY, JULY 24, 2023

LIVE ONSITE AUCTION:
WEDNESDAY, JULY 26, 2023 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:
4802 Althea 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 – 60′ x 170′, more or less, or 0.234± acre. Plat
Concrete driveway for 3+ vehicles
Fenced rear yard
Zoning R-3, residential
All public utilities

IMPROVEMENTS:
Two and one-half story traditional home arranged for two units. According to public tax records the property was built in 1922 and contains 1,868 square feet of living area and 1,084 square feet of basement space. First floor unit contains three bedrooms, bathroom, living area, eat-in kitchen and basement access. Second floor unit contains 2 bedrooms, bathroom, kitchen and living areas. Both units feature central air conditioning and separate gas/electric meters.

First floor unit is vacant.
Second floor unit is rented for $1,247 until March 2025. Water included in lease.

MDE Lead Inspection Certificate

ADDITIONAL INFORMATION:
Please complete the Waiver and Confidentiality agreement to view the lease and rental property registration.

TAX INFORMATION:
Published annual real estate taxes are $3,649.34, based on a full value assessment of $154,633.

TITLE:
In fee simple; sold free and clear of liens. Baltimore City Deed Book Liber FMC 12063, folio 249.

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

Live Auction Bidders – A $15,000 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, July 27, 2023, at the Auctioneer’s office (wire or cashier’s check). 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 $15,000 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.

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. 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.