"Dundalk - West Inverness"

Featuring Live & Online Simulcast Bidding
– $75,000 Opening Bid –

“West Inverness”

Two Story Porchfront
BRICK TOWNHOME
3 Bedrooms ◆ 2 Baths
Currently Rented for $1,530 Per Month

Known As
1904 KELMORE ROAD
Dundalk, Baltimore County, MD 21222

Online Bidding Opens
MONDAY, MARCH 1, 2021

Live Onsite Auction Begins
WEDNESDAY, MARCH 3, 2021
AT 11:00 A.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.

LOCATION:
1904 Kelmore Road is located in the West Inverness neighborhood of Dundalk in East Baltimore County. The neighborhood was constructed in the 1950’s and is comprised of tidy, brick porchfront townhomes with the convenience of nearby restaurants, shopping and a grocery store. The home is situated within close proximity to Lynch Cove Park and Inverness Park, both with water views and a boat ramp to Lynch Cove. Only a short drive from Baltimore City, this community offers easy access to both Downtown and the Beltway (I-695), and is in the Sandy Plains School, General John Stricker Middle School and Patapsco High School and Center for the Arts districts according to bcps.org. Major employers in the area include Johns Hopkins, Port of Baltimore, Amazon Distribution Center and Tradepoint Atlantic at Sparrows Point.

For more information, please visit:
Dundalk – www.visitmaryland.org
School Boundaries – www.bcps.org

SITE:
Rectangular lot 16′ x 100′. Plat
Zoning DR 10.5, residential
Fenced yard
All public utilities

IMPROVEMENTS:
Two Story Brick Inside-Group Townhome, built in 1954, containing 1,024 square feet of living area and 512 square feet of basement space, according to public tax records.

Exterior – brick facade, covered front porch, composition shingle roof, vinyl-clad double-hung windows, full concrete block basement foundation

First floor contains a living room, dining room and kitchen; 3 bedrooms and bath, on the second; basement with family room and shower bath; gas forced air heat; central air conditioning.

LEASE:
The home is currently rented for $1,530 per month, with lease expiring August 31, 2021. Property is licensed with Baltimore County and is MDE lead registered with a full risk reduction. Please complete the Waiver and Confidentiality Agreement to receive due diligence documents.

TAXES:
Published annual real estate taxes are $2,203, based on a full value assessment of $103,700. 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: Assessment Appeal Process.

TITLE:
The property is sold free and clear, subject to an annual $87 ground rent. Baltimore County Deed Book JLE 32492, Page 470.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $7,500 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. If purchased by an online bidder, the 10% deposit is payable by wire transfer or cashier’s check, by 4:30 p.m. on the day of sale, 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. All adjustments, including taxes, rent, 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 deposit, if any, to be transferred at settlement. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the existing lease. 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.