"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 within 24 hours at the Auctioneer’s office (personal checks for the additional deposit will be accepted at the sale site). No Buyer’s Premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

$75,000 Opening Bid

FRANKFORD

Brick & Siding
BUNGALOW
With Large Unfinished Attic

Sale On Premises
4923 LASALLE AVENUE
Baltimore, MD 21206

THURSDAY, AUGUST 10, 2023
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Michael Zorn, Case No. C-03-FM-22-006033, the undersigned Guardian of the Property will sell at public auction, on the premises, the above-captioned property.

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:
4923 LaSalle Avenue is located in the Frankford neighborhood of northeastern Baltimore City, one block east of Frankford Avenue and one block north of Radecke Avenue. The immediate neighborhood is comprised of tidy one and one-half story brick and siding bungalows, built in the late 1940s. Surrounding neighborhoods have townhomes, detached housing and garden apartments. The area is convenient to I-95. Shopping and community services are nearby on Belair Road (US-1).

SITE:
Rectangular lot – approximately 48’1″ x 117’6″, comprising 0.13 acre. Plat
Zoning R-3, residential
Public utilities
Fenced rear yard

IMPROVEMENTS:
One and one-half story bungalow, built in 1948, containing 1,455 square feet of living area and 570 square feet of basement space, according to published tax records.

Exterior – brick, aluminum siding, composition shingle roof, vinyl-clad double-hung windows, full basement foundation, rear sun porch, awing covered front porch

First Floor

• Living Room – wood floor, artificial fireplace
• Dining Room – wood floor
• Kitchen – vinyl floor, original metal cabinets and counters, table space, gas range/oven, refrigerator
• Rear Sun Porch – carpeting
• Bedroom #1 – wood floor
• Bedroom #2 – wood floor
• Full Bathroom – ceramic tile

Second Floor

• Unfinished gabled attic space – suitable for finishing

Basement

• Knotty Pine Club Room – vinyl floor (damaged), artificial fireplace
• Bathroom – vinyl floor, shower stall
• Storage Rooms – clothes washer, mechanical closet

Mechanical – oil hot water heat with radiators, gas water heater, window air conditioner, 2 – sump pumps, 100-amp. electrical service

The home needs updating and cosmetic repairs. Remaining furnishings and personal property will not be removed.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book RHB 3099, Page 163.

TAXES:
Published annual real estate taxes are $3,640, based on a full value assessment of $157,767.

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.
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 within 24 hours at the Auctioneer’s office (personal checks for the additional deposit will be accepted at the sale site). 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, 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.

No buyer’s premium.

J. Michael Holloway, Guardian of the Property of Michael Zorn