REAL ESTATE AUCTION
Sale On Premises
2711 CYLBURN AVENUE
Baltimore City, MD 21215
FRIDAY, JANUARY 26, 2018
AT 12:15 P.M.
– Suggested Opening Bid: $30,000 –
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.
2711 Cylburn Avenue is located in the Cylburn neighborhood in northwest Baltimore City. The property sits about three blocks away from Pimlico Race Course, Sinai Hospital and the Cylburn Arboretum. The Jones Falls Expressway (I-83) is about one mile to the east via Northern Parkway. Nearby homes are comprised primarily of detached homes and brick townhomes.
For more information about the area, please see:
Rectangular lot: 44′ x 125′, more or less
Zoning R-3, Residential
Two story traditional home – according to public tax records, the home was constructed in 1921, contains 1,328 square feet of living area and 644 square feet of basement space.
Published annual real estate taxes are $2,129.50, based on a full value assessment of $90,233. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
$120 annual ground rent (due in semi-annual installments on 3/7 & 9/7); and sold free and clear of all liens.
A $5,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 12:15 P.M., Monday, January 29, at the Auctioneer’s office. 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 8% 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. 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 4% buyer’s premium will be added to the final bid price.