Buy It Now: $60,000 - "Better Waverly"

BUY IT NOW: $60,000

TWO STORY
SEMI-DETACHED HOME
– Rented for $1,100/Month –

Known As:
3203 INDEPENDENCE STREET
Off Gorsuch Avenue
Baltimore, MD 21218

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:
3203 Independence Street is located in the Better Waverly neighborhood of North Baltimore City. Surrounding neighborhoods include Abell, Oakenshaw and Waverly. The small community consists of mainly two story townhomes and is within walking distance to Johns Hopkins University and the former site of Memorial Stadium, home of the Baltimore Orioles and Baltimore Colts during the mid 20th century. The property is close to 33rd Street that hosts many dining, retail and entertainment options – Giant Food (0.4 mile), YMCA (0.3 mile) and Ace Hardware (0.4 mile). On Saturdays, residents can enjoy the 32nd Street Farmers Market, open year round, that features local favorites such as Dangerously Delicious Pies, Atwaters Breads and Zeke’s Coffee. Major employers in the area include Johns Hopkins University, Loyola University and Cloverland Green Spring Dairy.

SITE:
Lot size – 13’11” x 100′, more or less. Plat

Zoned R-7

All public utilities

Fenced rear yard

IMPROVEMENTS:
Two story semi-detached townhome – constructed in 1890, containing 1,036 square feet of living area and 518 square feet of basement space, according to public tax records. The home is arranged for living room, dining room, kitchen, on the first floor; two bedrooms and bathroom, on second floor; unfinished basement. The property is currently rented for $1,100 per month. MDE Lead Inspection Certificate

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the lease.

TITLE:
$48 ground rent payable in semi-annual installments on 5/15 and 11/15; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,895, based on a full value assessment of $80,333.

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 REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A ten percent (10%) deposit, in cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer. 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 deposit, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease 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. 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. A 5% buyer’s premium will be added to the final bid price.