"Belair-Edison"

REAL ESTATE AUCTION

TWO STORY
PORCHFRONT TOWNHOME

Sale On Premises
4414 BELAIR ROAD
Baltimore, MD 21206

THURSDAY, DECEMBER 12, 2019
AT 11:00 A.M.

– Suggested Starting Bid: $10,000 –

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:
4414 Belair Road is located in the Belair-Edison neighborhood of northeast Baltimore City. Surrounding neighborhoods include Parkside and Frankford. The home conveniently sits on Belair Road, a hub for dining, retail and entertainment options. Commuters can take advantage of Belair Road for north/south travel, I-95 and I-895 are also within two miles. Clifton Park is a mile south of the home and includes a golf course, playing fields and recreation centers. Major employers in the area include Morgan State University and Johns Hopkins University.

SITE:
Lot size – 39’6″ x 100’4″, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story brick porchfront end of group townhome – constructed in 1924, containing 1,182 square feet of living area and 288 square feet of basement space, according to public tax records. The home is believed to contain a living room, dining room, bathroom and kitchen, on the first floor; three bedrooms and a bathroom, on the second floor; unfinished basement.

TITLE:
$120 ground rent, payable in semi-annual installments on March 20 and September 20; sold free and clear of liens. Liber 6091, folio 590.

TAXES:
Published annual real estate taxes are $2,338.60, based on a full value assessment of $99,567. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 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. 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 rent, 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 settlement. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenant in place, 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. A 5% buyers premium will be added to the final bid price.