"Cedonia"

Karen Allen Nicolaus, Attorney
1002 Frederick Road, Catonsville, MD 21228

$50,000 Opening Bid

TWO STORY TOWNHOME
3 Bedrooms ◆ 1.5 Baths
– Renovation Needed –

Known As
5487 BUCKNELL ROAD
Off Hamilton Avenue
Baltimore, MD 21206

Online Bidding Opens
FRIDAY, SEPTEMBER 30, 2022

Online Bidding Closes
MONDAY, OCTOBER 3, 2022
AT 12:30 P.M.

Pursuant to an Order of the Circuit Court for Baltimore City, passed in the Matter of Albert Matysek, Case No. 24T20000222, the undersigned Guardian of the Property will sell the above-captioned property as noted above.

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:
5487 Bucknell Road is situated in the Cedonia neighborhood of northeast Baltimore, east of Belair Road (US-1) and south of Hamilton Avenue. The surrounding neighborhood is a mixture of garden apartments, 1950s townhomes and newly constructed townhomes. Neighborhood houses generally appear to be well maintained. Public transportation is nearby, as is access to I-95.

SITE:
Rectangular lot – 18′ x 100′. Plat
Zoning R-6
Public utilities
Fenced rear yard
Parking pad

IMPROVEMENTS:
Two story inside-group brick townhome, built in 1959, containing 1,152 square feet of living area and 576 square feet of basement space, according to public tax records.

Exterior – brick facade, flat built-up roof, wood double hung windows with aluminum storm windows, concrete block basement foundation.

Interior – plaster walls and wood floors

First floor contains a living room, dining room and kitchen (laminate cabinets and counters, wall oven, gas range top, refrigerator). Second floor has 3 bedrooms and ceramic tile bath. Unfinished basement with outside exit, laundry area, utility sink and flush.

Mechanical – gas forced air heat, gas water heater, 60-amp circuit breakers.

The house needs renovation.

TITLE:
The property is sold free and clear of liens, subject to an annual $108 ground rent, payable half-yearly on June 30 and December 30, in each and every year. Baltimore City Deed Book JFC 800, Page 357.

TAXES:
Published annual real estate taxes are $2,670, based on a full value assessment of $115,000.

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 – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by wire transfer or cashier’s check, will be required of the purchaser by 4:00 p.m. on the day of auction 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, as well as building violation notices, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property 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.

Karen Allen Nicolaus, Guardian of the Property of Albert E. Matysek