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A $10,000 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 4:00 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% or $1,500 buyer’s premium, whichever is greater, 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.
– Opening Bid: $55,000 –
– Rented for $1,201 / Month –
5224 READY AVENUE
Corner of Glenwood Avenue
Baltimore City, MD 21212
FRIDAY, MARCH 24, 2023
MONDAY, MARCH 27, 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.
5224 Ready Avenue is located in the Woodbourne-McCabe neighborhood in North Baltimore City. Surrounding neighborhoods include Mid-Govans, Kenilworth Park, and Winston-Govans. The area consists of a small, close-knit community of about 400 homes. Towson, approximately 3.5 miles north, offers residents extensive options for shopping, dining, entertainment, and employment opportunities through a number of major employers such as Stanley Black & Decker and Towson University. Northern Parkway immediately to the north can be used for east/west travel, and Charles Street to the west for north/south travel. Nature lovers can take advantage of Lake Roland, Cylburn Arboretum, and the Stony Run Trail for miles of hiking trails, playgrounds, and picturesque views. The comforts of a suburban lifestyle coupled with the convenience of a city location create a draw to the area. Additional major employers in the area include Loyola University, Maryland, Johns Hopkins University, and MedStar Good Samaritan Hospital.
For more information, please see below
Neighborhoods – livebaltimore.com
Corner Lot – 17’2″ x 99’4″, more or less. Plat
The lot features a fenced front and rear yard
All public utilities
Zoned R-6 Residential
Two Story Brick Townhome – built 1930, containing 1,440 square feet of living area and 720 square feet of basement space, according to public tax records. The property is rented for $1,201/ month and the tenant is believed to be current.
More information coming soon.
In fee simple; sold free and clear of liens. Baltimore City Deed Book FMC 11363, folio 451.
Published annual real estate taxes are $2,023.30 based on a full value tax assessment of $85,733.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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 4:00 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, rent, 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 lease of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. 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% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.