ONLINE REAL ESTATE AUCTION
– Lead Free –
5042 CHALGROVE AVENUE
Off W. Belvedere Avenue
Baltimore City, MD 21215
MONDAY, DECEMBER 6, 2021
THURSDAY, DECEMBER 9, 2021 AT 1:15 P.M.
– Opening Bid: $25,000 –
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.
5042 Chalgrove Avenue is located in the Central Park Heights neighborhood of Northwest Baltimore City. Surrounding neighborhoods include Cylburn, Langston Hughes and Arlington. The property is conveniently located near Park Heights Avenue for north/south travel and Northern Parkway for east/west travel – public transportation is available on both thoroughfares. Shops, restaurants and other entertainment venues are within a half mile on W. Belvedere Avenue. 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 Major employers in the area include Sinai Hospital, Pimlico Race Course and The Plaza shopping center.
For more information, please see:
Neighborhoods – livebaltimore.com
Lot – 16′ x 90′, more or less. Plat
All public utilities
Zoned R-8, Residential
Two story inside group townhome. According to public tax records, the property was constructed in 1937 and contains 1,024 square feet of living area and 512 square feet of basement space. The home contains living room, dining room, kitchen, on the first floor; two bedrooms and bathroom, on second floor; unfinished basement. Lead free – MDE Lead Inspection Certificate
In fee simple; sold free and clear of liens. Baltimore City Deed Book FMC Liber 13021, folio 61.
Published annual real estate taxes are $708, based on a full value assessment of $30,000.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 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 4 P.M. on Thursday, December 9, 2021 (the bid closing). 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, 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. 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.