Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Click 'AJ' icon to access map directions.
The property will be open 1 hour prior to the live onsite auction and is also available to view per the following instructions:
For Agents: please schedule online via ShowingTime.
For Individuals: Request Access to Property. Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Mon.-Fri. 9 am – 4 pm.
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 checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.
Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 3:00 p.m. on the day of auction at the auctioneers office. 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 or see the Sample Contract.
Live Onsite & Simulcast Online Bidding
$50,000 Opening Bid
BROOKLYN
TWO STORY COTTAGE
3 Bedrooms ◆ Bath
Known As
541 PONTIAC AVENUE
Baltimore, MD 21225
Online Bidding Opens
TUESDAY, NOVEMBER 14, 2023
Live Onsite Auction
THURSDAY, NOVEMBER 16, 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:
541 Pontiac Avenue is located in the Brooklyn area of south Baltimore, between 5th and 6th Streets, two blocks south of Patapsco Avenue. The surrounding area is a mixture of detached homes, townhomes and garden apartments. The community was shaped by the shipping industries surrounding it and has the advantages of living in a large metropolitan city with the comfort of a small town. Patapsco Avenue features retail, dining and entertainment options. Close by on Ritchie Highway is a LIDL (1.9 miles) and the Enoch Pratt Community Library (1.1 miles), among other large chain stores and restaurants. Major employers in the area include MedStar Harbor Hospital (1.9 miles) and the Maryland Cruise Terminal (3.2 miles), in addition to local industrial jobs within the community. Brooklyn provides commuters easy and convenient access to major highways, including I-95 (3 miles), I-695 (2.3 miles) and I-895 (0.9 mile). Bus and other public transportation methods are available on both Ritchie Highway and E. Patapsco Avenue.
SITE:
Level, rectangular lot 25′ x 100′. Plat
Public utilities
Zoning R-6, residential
Carport
IMPROVEMENTS:
Two Story Detached Home, built in 1920, containing 1,036 square feet of living area and 518 square feet of basement space, according to public tax records.
Exterior – vinyl siding, composition shingle roof, vinyl-clad double-hung windows, brick foundation
First Floor
Second Floor
Basement
Mechanical
Gas forced air heat, 50-gallon gas water heater, 100 amp. electric
The home is vacant.
TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MB 24578, Page 4.
TAXES:
Published annual real estate taxes are $1,499, based on a full value assessment of $70,200.
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.
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 checks for the difference in the deposit will be accepted at the sale site or wiring instructions will be provided.
Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check is due by 3:00 p.m. on the day of auction at the auctioneers office.
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. A 5% buyer’s premium will be added to the final bid price.
