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9 BALTIMORE CITY PROPERTIES
– Suggested Starting Bid: $5,000 –
Carrollton Ridge ♢ Edgewood ♢ Coppin Heights ♢ Cylburn
Central Park Heights ♢ Harlem Park ♢ Penrose
MONDAY, MARCH 16, 2020
TUESDAY, MARCH 17, 2020 AT 12:00 P.M.
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.
The sale consists of 10 residential properties located throughout west, northwest and southwest Baltimore City. Buyers will be required to have a $2,500 cashier’s check for EACH PROPERTY they intend to purchase. Summary terms of sale are below, and a draft contract of sale will be made available for review prior to the auction.
1508 N. SMALLWOOD STREET
Off North Avenue
“Coppin Heights” 21216
19′ x 100′ Plat
$96 ground rent payable in semi-annual installments on 1/20 and 7/20
Two story brick inside-group porchfront townhome. The home contains living room, dining room, kitchen, on the first floor; three bedrooms and a bath, on the second floor; unfinished basement.
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Please see the contract of sale for complete terms – A $2,500 DEPOSIT ON EACH PROPERTY, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Tuesday, March 17, 2020 at 12:00 P.M. (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. The properties 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.
NO BUYER’S PREMIUM!