Brian R. Blickenstaff, Attorney
Turner and Johns, PLLC
808 Greenbrier Street
Charleston, WV 25311
Featuring Live & Online Simulcast Bidding
$75,000 Opening Bid
TWO STORY HOME
3 Bedrooms ◆ 2 Baths
900 HOMESTEAD STREET
Corner Ellerslie Avenue
Baltimore, MD 21218
Online Bidding Opens
FRIDAY, SEPTEMBER 3, 2021
Live Onsite Auction
WEDNESDAY, SEPTEMBER 8, 2021
AT 12:30 P.M.
Pursuant to an Order of the United States Bankruptcy Court for the Southern District of West Virginia, passed in the matter of Sylvanus Osomoba Oyogoa, Bankruptcy Case No. 18-50211, Chapter 7, the undersigned Trustee will sell at public auction the above-captioned property.
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.
900 Homestead Street is located in the Better Waverly neighborhood of north Baltimore, south of the 900 block of 33rd Street. Neighborhood housing is a mixture of single family homes, townhomes and apartments. According to LiveBaltimore.com, “Better Waverly in North Baltimore is best known for its red brick homes with green tile roofs built a century ago to the east of commercial establishments that now make up Waverly Main Street. The newest and tallest housing belongs to Stadium Place, an affordable senior retirement community on the site of old Memorial Stadium. Residents enjoy the amenities of the newest Baltimore YMCA and coming out each fall to cheer on Baltimore Marathon runners.”
Rectangular lot 55′ x 90′. Plat
Zoning R-8, residential
All public utilities
4-car parking pad, with access from rear alley
Fenced rear yard
Two Story Freestanding Home, built in 1900, containing 1,536 square feet of living area and 768 square feet of basement space, according to public tax records.
Exterior – vinyl siding, covered front porch, composition shingle roof, vinyl-clad double hung windows, brick foundation
Unfinished, exterior entrance
Mechanical – electric heat pump and central air conditioning, electric water heater
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 13705, Page 289.
Published annual real estate taxes are $3,024, based on a full value assessment of $128,167.
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.
Live Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, 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 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. 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, 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. Auction is subject to the approval of the United States Bankruptcy Court for the Southern District of West Virginia. 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.
Robert L. Johns, Trustee