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ONLINE REAL ESTATE AUCTION
4038 FAIRFAX ROAD
Corner of Oakfield Avenue
Baltimore City, MD 21216
MONDAY, SEPTEMBER 19, 2022
TUESDAY, SEPTEMBER 20, 2022 AT 12:40 P.M.
– Bidding Starts at $50,000 –
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.
4038 Fairfax Road is located in the Concerned Citizens of Forest Park neighborhood in West Baltimore City. Surrounding neighborhoods include West Forest Park, Central Forest Park, and Windsor Hills. The property is located 0.5 mile east of Gwynns Falls Park. The park offers residents various recreational activities such as a 15-mile hiking/biking trail, tennis courts, baseball, and football fields. Neighborhood residents experience convenient shopping at Mondawmin Mall, which provides a variety of large stores, small shops, and services. Gwynns Falls Parkway is 0.9 mile away, providing commuters with east/west travel. Also, the Parkway is only a few minutes from major highways, I-40, 83, 70, 695, and 95. Major employers in the area include Baltimore City Community College, Dietz and Watson, and the University of Maryland Rehabilitation & Orthopaedic Institute.
For more information, please see:
Neighborhoods – livebaltimore.com
Lot – 26’4″ x 100’3″, more or less. Plat
All public utilities
Zoned R-6, Residential
Two story porchfront townhome constructed in 1925, containing 1,596 square feet of living area, plus 748 square feet of basement area, totaling 2,344 square feet, according to public tax records. The home is believed to be arranged for living room, dining room, and kitchen on first floor; three bedrooms and bath, on second floor; basement. The home is believed to be tenant occupied.
$120 annual ground rent payable in semi-annual installments on 06/30 and 12/30; sold free and clear of liens. Baltimore City Deed Book MB 24817, folio 75.
Published annual real estate taxes are $2,881.56, based on a full value assessment of $122,100.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the Purchaser by 4:00 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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 settlement and assumed thereafter by the Purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, 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 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.