3 Bedrooms – 2 Baths – Off-Street Parking
5107 FREDERICK AVENUE
Near S. Chapelgate Lane
Baltimore City, MD 21229
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.
5107 Frederick Avenue is located in the Beechfield neighborhood in southwest Baltimore City. Surrounding neighborhoods include Westgate, Yale Heights and Catonsville (Baltimore County). The neighborhood is well positioned, with easy access to a variety of major commuter routes. Frederick Avenue provides direct access to the Baltimore Beltway (I-695), and I-70, I-95, US-40 and US-1 are also in close proximity. Major employers in the area include the Social Security Administration, Saint Agnes Hospital and University of Maryland Baltimore County. Shopping, dining and neighborhood services are abundant along Frederick Avenue and Frederick Road.
Lot size – 19′ x 100′, more or less. Plat
Front and rear yards
All public utilities
Zoned R-6 Residential
Two story brick inside-group porchfront townhome – constructed in 1950, containing 1,064 square feet of living area above grade and 532 square feet of mostly finished basement space, according to public tax records.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $2,419.78, based on a full value assessment of $102,533.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $7,500 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.
Online Auction Bidders – a $7,500 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 4:30 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. 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, ground rent and 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, and Baltimore City Housing 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.
No Buyer’s Premium!