Buy It Now: $110,000 - "Reservoir Hill National Historic District"

  BUY IT NOW: $110,000  

BRICK DUPLEX
Two 3-Bedroom Units

2504 LINDEN AVENUE
Off Druid Park Lake Drive
Baltimore City, MD 21217

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:
2504 Linden Avenue is located in the Reservoir Hill National Historic District in Baltimore City. Reservoir Hill is situated immediately west of the Jones Falls and I-83, between Druid Hill Park and Bolton Hill. Reservoir Hill features impressive architecture and excellent access to the City’s attractions. Nearby Druid Hill Park features the National Zoo in Baltimore, Druid Lake, ballfields, walking trails, sculptures and a number of annual music and cultural events throughout the year. The Maryland Institute College of Art (MICA) and University of Baltimore are a short distance southeast. Public transportation is ample, with light rail service within close proximity, Penn Station about 1.5 miles southeast and bus service within walking distance.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/reservoir-hill/

SITE:
Rectangular lot – 22′ x 120′, more or less

2-3 car off-street parking

All public utilities

Zoning R-7, residential, registered for 2 dwelling units. For more information, see the Baltimore City Zoning Code.

IMPROVEMENTS:
Two story brick end-of-group duplex – constructed in 1920, containing 1,980 square feet of living area and 990 square feet of basement space, according to public tax records. The building is arranged for two dwelling units with separate exterior entrances. Features include covered front porch, covered rear porches, vinyl-clad replacement windows and two electric meters. The first floor unit is currently rented for $800/month. Tenant(s) pay own electric, and split water/gas bill.

Exterior
Brick exterior
Covered front porch
First and second floor rear decks
Flat, built-up roof
Vinyl-clad replacement windows

Interior

First floor unit – rented for $800/month

• Entry foyer – carpet
• Three bedrooms – carpet
• Bath – laminate
• Kitchen with dining area – laminate floor and walk-out to rear deck, yard and parking

Second floor unit – vacant:

• First floor exterior entrance with interior stairwell
• Three bedrooms – carpet
• Bath – laminate floor
• Living room – carpet, open to kitchen
• Kitchen – laminate floor and walk-out to rear deck

Basement/Utilities

• Formerly finished area
• Utility area
• Gas forced air hear (92% efficiency)
• Some electric baseboard units
• Gas fired water heater – 50 gallons
• 2 electric meters
• 1 gas meter

Lease, lead certificate and engineering report will be available in advance of the auction. Please complete the Waiver and Confidentiality Agreement form to obtain copies of seller provided documents. Once the completed form has been received, you will receive the confidential information via email. Requests are normally answered Monday-Friday 9 am-4 pm.

TITLE:
Annual $120 ground rent (due in semi-annual installments on 5/27 & 11/27); sold free and clear of all liens

TAXES:
Published annual real estate taxes are $1,652 based on a full value assessment of $70,000

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. 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 of the date of the contract. 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, 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 contract 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. 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. 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.

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