Featuring Live & Online Simulcast Bidding
– $75,000 Opening Bid –
Two Story, Porchfront
3 Bedrooms ◆ 2 Baths
Rented for $1,350/Month
– Lead Free –
1919 CODD AVENUE
Baltimore County, MD 21222
Online Bidding Opens
MONDAY, MAY 30, 2022
Live Onsite Auction
THURSDAY, JUNE 2, 2022
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.
1919 Codd Avenue is located in the West Inverness neighborhood of Dundalk in eastern 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). Nearby public schools are Grange Elementary, General John Stricker Middle and Patapsco High, according to the Baltimore County government web site. Major employers in the area include Johns Hopkins, Port of Baltimore, Amazon Distribution Center and Tradepoint Atlantic at Sparrows Point.
Rectangular lot – 16′ x 100′. Plat
Zoning DR 10.5, residential
Two story inside-group brick townhome, built in 1953, containing 1,024 square feet of living area and 512 square feet of basement space, with covered front porch, composition shingle roof, vinyl-clad double-hung windows and a full concrete block foundation.
The home contains a living room, dining room and kitchen, on the first floor; 3 bedrooms and bath, on the second; full basement with den, full bath and utility room; gas forced air heat and central air conditioning.
The property is registered as lead free and currently rented for $1,350 per month on a month-to-month basis. Lease
The property is subject to an annual $87 ground rent and is sold free and clear of liens. Baltimore County Deed Book JLE 35637, Page 463.
Published annual real estate taxes are $2,301, based on a full value assessment of $106,533. 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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Onsite Auction Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office.
Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check, will be required of the Purchaser by 4:30 p.m. on the date of auction.
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, rentals, 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. 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 rights of the tenant in possession. 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.