J. Michael Holloway, Attorney
Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202
$15,000 Suggested Opening Bid
Two Story, Porchfront
3136 CHESTERFIELD AVENUE
Baltimore, MD 21213
Bidding Opens Monday, June 29, 2020
WEDNESDAY, JULY 1, 2020
AT 12:00 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.
3136 Chesterfield Avenue is located in the Belair-Edison neighborhood of northeast Baltimore City, a well established community predominantly comprised of two story townhomes. Surrounding neighborhoods include Parkside and Frankford. For nature lovers, the home is located within a quarter mile of Herring Run Park and its nature trails. Clifton Park is about a half mile south of the home and includes a golf course, playing fields and recreation centers. In addition to the array of green space available to residents, Belair Road, also within a half mile, is a hub for dining, public transportation, retail and entertainment options. Major employers in the area include Morgan State University and Johns Hopkins University.
Rectangular lot – 15’6″ x 87’6″
Zoning R-7, residential
Fenced rear yard
Two story inside-group brick townhome, built in 1928, containing 1,038 square feet of living area and 465 square feet of basement space, according to public tax records.
Brick construction with vinyl siding rear wall
Wooden double-hung windows with aluminum storm sash
Full stone basement foundation
One-car metal detached garage
Gas hot water radiators
Gas water heater
The home has original architectural details. Updating and cosmetic repairs are needed.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Liber 20500, Page 171.
Published annual real estate taxes are $1,729, based on a full value assessment of $73,300. 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: Assessment Appeal Process.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $2,500 deposit or 10% of the purchase price, whichever is higher, payable by cashier’s check or wire transfer, will be required of the purchaser within 24 hours of sale. 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.
Auction by order of:
J. Michael Holloway, Personal Representative
of the Estate of Herbert H. Spraggins, Jr.