ONLINE REAL ESTATE AUCTION
~Rented for $1,100 per Month~
3618 5th STREET
Off E. Patapsco Avenue
Baltimore, MD 21225
FRIDAY, SEPTEMBER 11, 2020
MONDAY, SEPTEMBER 14, 2020 AT 12:00 PM
– Starting Bid: $20,000 –
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.
3618 5th Street 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 (1.9 miles) and the Brooklyn Park Community Library (1.1 miles). Major employers in the area include MedStar Harbor Hospital (1.9 miles) and the Maryland Cruise Terminal (3.2 miles), in addition to the 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).
Lot size – 14′ x 100′, more or less
Fenced front and rear yards
All public utilities
Two story porchfront inside group townhome – constructed in 1942, containing 868 square feet of living area and 434 square feet of basement space, according to public tax records. The home is rented on a month-to-month lease for $1,100 per month.
Please complete a Waiver and Confidentiality Agreement form to view the lease and MDE lead inspection certificate.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $1,182.36, based on a full value assessment of $50,100.
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Tuesday, September 15, 2020 at 12:00 P.M. 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, 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. 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!