"Ashburton"

This Auction has been CANCELED.
Sold prior to the Auction.

 REAL ESTATE AUCTION 

$45,000 Suggested Opening Bid

c. 1924
COLONIAL HOME
– On 0.26 Acre –

Sale On Premises
3407 CALLAWAY AVENUE
Off Liberty Heights Avenue
Baltimore City, MD 21215

– CANCELED –
WEDNESDAY, MAY 22, 2019
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:
3407 Callaway Avenue is located in the Ashburton neighborhood in West Baltimore. The neighborhood is located north of Lake Ashburton, a short distance west of Druid Hill Park. Ashburton is known for stately homes on well sized lots, featuring an array of architectural styles from over the course of the 100+ year neighborhood history. Callaway Avenue is a prominent residential boulevard at the western edge of the neighborhood with a median strip and mature trees. Downtown Baltimore is approximately 5 miles southeast, and I-70 is approximately 3 miles southwest. The West Coldspring Metro station is within one mile north. Retail shopping and neighborhood services are along Liberty Heights Avenue.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/ashburton/
http://cityview.baltimorecity.gov/

SITE:
Rectangular lot – 75′ x 151’3″, more or less

Detached two car garage

Asphalt driveway and additional off-street parking

All public utilities

IMPROVEMENTS:
Two and one-half story colonial home – constructed in 1924, containing 2,113 square feet of living area and 1,127 square feet of basement space. The home features a prominent front porch with amply sized rooms, custom wood work and other architectural details. Needs full renovation. More information and photos coming soon!

TITLE:
$120 annual ground rent (due in semi-annual installments on 6/19 & 12/19); sold free and clear of all liens

TAXES:
Published annual real estate taxes are $4,066.28 based on a full value assessment of $172,300. 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 see the contract of sale for complete terms.
A $5,000 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 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. 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. 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.