"Brooklyn"

REAL ESTATE AUCTION

COVERED PORCHFRONT
BUNGALOW

Sale On Premises
1136 INNER CIRCLE
Off E. Patapsco Avenue
Baltimore, MD 21225

TUESDAY, JULY 30, 2019
AT 11:00 A.M.

– Suggested Starting Bid: $25,000 –

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:
1136 Inner Circle is located in the Brooklyn neighborhood of South Baltimore. The community was shaped by the shipping industries surrounding it and has the advantages of living in a large metropolitan city with the comfort of a small town. The property sits off of E. Patapsco Avenue, which conveniently features retail, dining and entertainment options. Close by on Ritchie Highway there is a Shoppers Food Warehouse (2.1 miles) and the Brooklyn Park Community Library (1.3 miles). Major employers in the area include MedStar Harbor Hospital (2 miles) and the Maryland Cruise Terminal (3.2 miles), in addition to local industrial jobs within the community. Brooklyn provides commuters easy and convenient access to major highways including I-95 ( 3 miles), I-695 (2.3 miles) and I-895 (0.9 mile).

SITE:
Lot size – 50’8″ x 100′, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Single family porchfront home – constructed in 1930, containing 984 square feet of living area and 984 square feet of basement space, according to public tax records. The home is believed to contain 3 bedrooms.

More information coming soon!

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,329, based on a full value assessment of $98,700. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx 

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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. 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 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!