"East Baltimore Midway"

REAL ESTATE AUCTION

TWO STORY BRICK
PORCHFRONT TOWNHOME
– Currently rented for $685/month –

Sale On Premises
2033 KENNEDY AVENUE
Near E. 22nd Street
Baltimore City, MD 21218

WEDNESDAY JANUARY 16, 2019
AT 12:45 P.M.

– Suggested Starting Bid: $7,500 –

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:
2033 Kennedy Avenue is located in the East Baltimore Midway neighborhood in east Baltimore City. Surrounding neighborhoods include Barclay, Oliver, Coldstream-Homestead-Montebello and Better Waverly. The property is off of North Avenue (0.2 miles) which includes multiple dining, retail and entertainment options. For commuters, North Avenue is a major east/west thoroughfare and I-83 (1.5 miles) is good for north/south travel. Major employers in the area include Maryland Institute College of Art (MICA), Johns Hopkins University and MTA Central Light Rail division.

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

SITE:
Lot – 15′ x 90′, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story inside group, brick porchfront townhome – according to public tax records the home was constructed in 1915. The home’s features include a vestibule with original marble floor and wood paneling, two chimneys and full size metal grates for back windows. Long term tenant of over 15 years paying $685 per month.

INTERIOR:

First floor:

• Living room – original hardwood floor
• Dining room – french doors and hardwood floor
• Full bathroom – towel closet and laminate floor
• Eat-in kitchen – wooden cabinets, exhaust fan and laminate floor

Second floor:

• Bedroom – his/hers closet, fireplace and original hardwood floor
• Bedroom – hardwood floor
• Full bathroom – laminate floor and original sink and tub
• Bonus room – capped water and gas lines (can be converted to second kitchen)

Basement/mechanical:

• Partially finished basement
• Club room – hardwood floor
• 30 gallon gas water heater
• 100 Amp Electrical
• Radiator heat (gas)
• Sump pump
• French drain
• Washer/dryer
• Reinforced joists
• Drained oil tank under front porch

EXTERIOR:

• Porch – rubber roof
• Townhome – tar paper with rubber roof
• Two chimneys

LEASE:
Please complete a Waiver and Confidentiality Agreement form to view the lease and MDE Lead Paint Inspection Certificate.

TITLE:
Subject to an annual $96 ground rent payable in semi-annual instalments on 4/27 and 10/27; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $708, based on a full value assessment of $30,000. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE 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. All adjustments, including rent, 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 settlement. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenant in place, 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!