ONLINE REAL ESTATE AUCTION
-Rented for $950/Month-
3510 OAKMONT AVENUE
Off Reisterstown Road
Baltimore City, MD 21215
FRIDAY, JANUARY 8, 2021
MONDAY, JANUARY 11, 2021 AT 12:00 P.M.
– Starting 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.
3510 Oakmont Avenue is located in the Central Park Heights neighborhood of northwest Baltimore City. Surrounding neighborhoods include Arlington, Woodmere and Langston Hughes. The home is located off Reisterstown Road, a major roadway in northwest Baltimore, and contains dining, retail and entertainment options. Within one-quarter mile of the home is the site for the proposed redevelopment of a 17 acre mixed-use development consisting of “two multi-family buildings on Park Heights Avenue and straddling two sides of Virginia Avenue, one an affordable housing complex with over 100 units, and one specifically for seniors with about 50 units,” according to The Baltimore Sun. Commuters can take advantage of Northern Parkway (0.7 mile) for east/west travel and Park Heights Avenue (0.8 mile) for north/south travel. Within 2 miles of the home is one of Baltimore’s greatest hidden treasures, Cylburn Arboretum. At the Arboretum, visitors can enjoy an escape of city life by walking through the 200 acre urban oasis that is lined with hundreds of specimen trees, plant collections, gardens and wooded trails. Nearby employers in the area include Sinai Hospital and Loyola University.
For more information, please see:
Neighborhoods – livebaltimore.com
Plans for Park Heights redevelopment – www.baltimoresun.com
Lot – 19’6″ x 91’7″, more or less. Plat
All public utilities
Two story inside-group brick townhome. The home is currently rented for $950 per month. The tenant is current on rent through December 2020. MDE Lead Inspection Certificate
Please complete a Waiver and Confidentiality Agreement form to view the lease.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $479.79, based on a full value assessment of $20,330.
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 a 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, January 12, 2021 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 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. Purchaser acknowledges that he/she has received all due diligence information from Auctioneer, including but not limited to the lease, lead certificate, notice of tenant delinquency and tenant forfeiture of security deposit. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.