"Dolfield"

REAL ESTATE AUCTION

CAPE COD HOME
0.14± Acre ♦ Off-Street Parking

– Same Owner for 50+ Years! –

Sale On Premises
3710 W. COLD SPRING LANE
Near Callaway Avenue
Baltimore City, MD 21215

THURSDAY, AUGUST 23, 2018
AT 11:00 A.M.

– Suggested Starting Bid: $20,000 –

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.

LOCATION:
3710 W. Cold Spring Lane is located in the Dolfield neighborhood in northwest Baltimore City. Surrounding neighborhoods include Callaway-Garrison, Lucille Park, West Arlington, Dorchester and Ashburton. The West Cold Spring Metro station is approximately four blocks to the east. A grocery store is within one block. Additional shopping and dining is nearby along W. Cold Spring Lane, Dolfield Avenue, Wabash Avenue and Reisterstown Road. Neighborhood homes are a mix of traditional single family and townhomes.

For more information, please see:
https://livebaltimore.com/neighborhoods/ 

SITE:
Lot – 50′ x 120′, more or less

Concrete driveway for 2-3 vehicles

Front yard and fenced rear yard

Zoning – R-3, residential

All public utilities

IMPROVEMENTS:
One and one-half story cape cod home – the home was constructed in 1925, contains 882 square feet of living area and 572 square feet of basement space.

Exterior
Vinyl siding
Asphalt shingle roof
Wood windows with some vinyl-clad casement windows
Aluminum down spouts and rain gutters
Screened porch

Interior
First floor –
• Living room – wood floor, fireplace with mantle
• Dining room – wood floor
• Kitchen – laminate floor, gas range, wall oven

Second floor –
• Bedroom – wood floor, multiple closets
• Bedroom – wood floor
• Full hall bath – ceramic tile floor, shower/tub with ceramic tile surround

Basement & mechanical –
• Unfinished basement
• Utility sink and laundry area
• Gas fired boiler
• Gas fired 40 gallon water heater
• 100 amp electrical service

Note: The home is in need of renovation.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,065.00, based on a full value assessment of $87,500. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx 

TERMS OF SALE:
A $2,500 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 within 24 hours 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 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.

No Buyer’s Premium!