Featuring Live & Simulcast Online Bidding
4027 HILTON ROAD
Baltimore, MD 21215
ONLINE BIDDING OPENS:
FRIDAY, JANUARY 28, 2022
LIVE ONSITE AUCTION:
TUESDAY, FEBRUARY 1, 2022 AT 11:00 A.M.
– Starting Bid: $50,000 –
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.
4027 Hilton Road is located in the East Arlington neighborhood of Northwest Baltimore City. Surrounding neighborhoods include Park Circle, Ashburton and Towanda-Grantley. The property is a commuter’s dream – located within one mile of the West Cold Spring Metro Station, W. Cold Spring Lane for east/west travel and Reisterstown Road for north/south travel. Reisterstown Road offers various restaurants, shops, grocery stores, coffee shops and more for residents. Within 1.5 miles is Druid Hill Park, a 745 acre urban park, that features The Baltimore Zoo, Druid Lake, disc golf courses, ballfields and walking trails. Major employers in the area include the shops at Mondawmin Mall, Sinai Hospital and Baltimore City Community College.
Lot size – 22′ x 122′, more or less. Plat
Fenced front and rear yards
R-6 Residential, approved for 2 dwelling units
All public utilities
Two story inside group townhome arranged for two units, constructed in 1948, containing 1,452 square feet of living area and 726 square feet of basement space, according to public tax records. Each unit contains living room, kitchen, two bedrooms and a bath. The basement is unfinished with two water heaters, two electric meters, one gas meter, gas boiler and storage area.
In fee simple; sold free and clear of liens. Baltimore City Deed Book Liber MB 22420, folio 346.
Published annual real estate taxes are $3,578.54, based on a full value assessment of $151,633. 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.
Live Auction Bidders – 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.
Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of auction, at the Auctioneer’s office.
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, ground rent and 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. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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!