"Brooklyn"

REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME

Sale On Premises
3729 SAINT MARGARET STREET
Near Washburn Ave.
Baltimore City, MD 21225

THURSDAY, AUGUST 23, 2018
AT 1:00 P.M.

– SUGGESTED OPENING BID: $15,000 –

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:
The property is located in the Brooklyn neighborhood of Baltimore, Maryland, one of the southernmost neighborhoods of Baltimore City with Curtis Bay to the East and Anne Arundel County and Governor Ritchie Highway to the South. The neighborhood was constructed in the 1930’s & 1940’s and is comprised of brick townhomes with quaint yards, and walking distance to the commercial amenities of E. Patapsco Ave. Conveniently located near the Inner Harbor with easy access to the harbor tunnel and the beltway, residents can easily commute to major employment and shopping areas.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/brooklyn/#.WsuN2S4bOUk

SITE:
Lot: 25’6″ x 98’4″, more or less.

All public utilities

Zoned R-6 Residential

Tax ID:0325067245A026

IMPROVEMENTS:
Two story brick end-of-group townhome – built in 1942, containing 840 square feet of living area, 420 square feet of basement area, according to public tax records.

Exterior:

• Brick exterior
• Fenced in rear yard
• Aluminum windows
• Flat built-up roof
• Street parking

First Floor:

• Living Room – pergo floors
• Kitchen – tile floors, eat in area

Second Floor:

• First Bedroom – pergo floors
• Second Bedroom – pergo floors
• Full Bath – pergo floors, tile surround

Basement:

• Unfinished
• 150 Amp electric service panel
• Gas forced air heat
• Washer/dryer hook up

TAXES:
Current annual real estate taxes are $1,281.48 based on a full value assessment of $54,300 according to public tax records. 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

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

TERMS OF SALE:
A $2,500 deposit, payable by certified check or 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, 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 contract and assumed thereafter by the 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!