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4555 REISTERSTOWN ROAD
Near Virginia Avenue
Baltimore City, MD 21215
MONDAY, DECEMBER 7, 2020
THURSDAY, DECEMBER 10, 2020 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.
4555 Reisterstown Road is located in the Central Park Heights neighborhood of northwest Baltimore City. Surrounding neighborhoods include Arlington, Woodmere and Langston Hughes. The home is located on 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 – baltimoresun.com
Lot – 20′ x 98′, more or less. Plat
All public utilities
Two story inside-group brick townhome built in 1925.
The home is lead free. MDE Lead Certificate
Subject to an annual $96 ground rent, sold free and clear of liens.
Published annual real estate taxes are $70, based on a full value assessment of $3,000.
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 Friday, December 11, 2020 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. 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. 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 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.