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This Auction has been CANCELED.
Sold prior to the auction.
Featuring Live & Online Simulcast Bidding
– $75,000 Opening Bid –
TWO UNIT TOWNHOME
All Brick – End-Of-Group – Fully Rented
Near Chesterfield Avenue
Baltimore City, MD 21213
– CANCELED –
Online Bidding Opens
MONDAY, OCTOBER 4, 2021
Live Onsite Auction
THURSDAY, OCTOBER 7, 2021
AT 11:00 A.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.
3540 Juneway is located in the Belair-Edison neighborhood in northeast Baltimore City. The property is situated at the center of the relatively large neighborhood, between Erdman Avenue and Chesterfield Avenue. Surrounding homes are comprised primarily of brick townhomes constructed in the 1940s and 1950s. The location affords excellent access to major employers throughout the area, with US-40, I-95 and I-895 all within approximately 2.5 miles. Retail shopping, dining and groceries are available at the Erdman Shopping Center (0.5 mile), and elsewhere within a short distance. The Herring Run Branch of the Enoch Pratt Free Library is also located at the front of the Erdman Shopping Center.
Lot size – 21’4″ x 100′, more or less. Plat
Front and rear yards – off-street parking potential
Zoning R-5, residential, 2 dwelling units.
All public utilities
Two story brick end-of-group townhome – constructed in 1947, containing 1,260 square feet of living area and 630 square feet of basement space, according to public tax records. The home is arranged for two dwelling units.
Current gross scheduled rent is $1,800/month, or $21,600 per year. Each unit is rented for $900/month, and each unit has a full risk reduction MDE lead certificate.
Please complete a Waiver and Confidentiality Agreement form to view the lease and rental license.
The property is in fee simple and sold free and clear of liens.
Published annual real estate taxes are $2,555.88, based on a full value assessment of $108,300.
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 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction, 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. All adjustments, including taxes, rents, 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City 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!