Absolute Auction - "Burleith - Leighton"

New Auction Date:
THURSDAY, FEBRUARY 15, 2018
AT 12:30 P.M.

ABSOLUTE
ATTORNEYS’ AUCTION
To the Highest Bidder – Regardless of Price!

TWO STORY TOWNHOME
3 Bedrooms ◆ 2 Baths ◆ Club Room

Sale On Premises
3310 LEIGHTON AVENUE
Baltimore, MD 21215

New Auction Date:
THURSDAY, FEBRUARY 15, 2018
AT 12:30 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:
3310 Leighton Avenue is located in northwest Baltimore, south of Liberty Heights Avenue, west of Tioga Parkway and north of Gwynns Falls Parkway, within walking distance of Baltimore City Community College and Mondawmin Mall. Housing in the immediate neighborhood is comprised of two story brick townhouses, constructed in the 1940s. Homes appear to be well maintained and are owner and tenant occupied. Public transportation and schools are nearby.

SITE:
Rectangular lot 20′ x 88′
Zoning R6, residential
All public utilities

IMPROVEMENTS:
Two Story Inside-Group Brick Townhome – constructed in 1940, containing 1,360 square feet of living area and 640 square feet of basement space, according to public tax records.

Exterior
All brick exterior
Open front porch
Vinyl-clad double-hung windows
Built-up roof with slate fascia
Security storm door

First Floor

• Living Room – wood floor
• Dining Room – wood floor
• Bathroom (shower) – vinyl floor
• Kitchen – vinyl floor

Second Floor

• 3 Bedrooms – wood floors
• Full Bathroom (tub) – ceramic tile

Basement

• Knotty Pine Club Room – vinyl floor
• Laundry/Utility Room – utility sink, outside exit

Mechanical
Gas hot water heat
Gas water heater
100-amp. electrical service

The house needs updating and cosmetic repairs.

TITLE:
The property is sold free and clear of liens, subject to an annual $96 ground rent, payable half-yearly on March 7 and September 7. Baltimore City Deed Liber 4143, Page 153.

TAXES:
Published annual real estate taxes are $2,554, based on a full value assessment of $106,200. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $3,000 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 between 30 and 45 days following date of contract.  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, 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.  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.