Absolute Above $5,000 - "Coppin Heights"

John H. Denick & Associates, P.A.
201 N. Charles Street, Suite 600
Baltimore, MD 21201

ABSOLUTE AUCTION
To The Highest Bidder Above $5,000

Two Story, Porchfront
BRICK TOWNHOME

Sale On Premises
1812 N. SMALLWOOD STREET
Off 2200 Westwood Avenue
Baltimore, MD 21216

TUESDAY, NOVEMBER 20, 2018
AT 12:15 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:
1812 N. Smallwood Street is located in the Coppin Heights neighborhood of west Baltimore, near Coppin State University and Carver Vocational High School. The surrounding area is a mixture of residential and commercial properties. Public transportation is within walking distance.

SITE:
Rectangular lot – 14’3″ x 105′
All public utilities

IMPROVEMENTS:
Two story covered porchfront brick inside-group townhome, containing living room, dining room, kitchen, half-bath, 3 bedrooms, bath and basement. The home is vacant.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book 9220, Page 669.

TAXES:
Published annual real estate taxes are $739, based on a full value assessment of $32,667. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE (please refer to the contract for complete terms):
A $2,500 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s 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.

No buyer’s premium.