"Edgewood"

Two Story Brick
RENTAL TOWNHOME
– $850 Per Month Rent –

Sale On Premises
3316 EDMONDSON AVENUE
Baltimore City, MD 21229

WEDNESDAY, MARCH 22, 2017
AT 12:15 P.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:
3316 Edmondson Avenue is located in the Edgewood neighborhood in west Baltimore City. Surrounding neighborhoods include Edmondson Village, Allendale and Gwynns Falls – Leakin Park. Neighborhood homes are comprised predominantly of brick porchfront townhomes. Edmondson Avenue provides proximate access to the MARC train a few blocks to the east, bus service, Downtown about 10 minutes to the east, and I-695 and I-70 a short distance to the west.

For more information about Baltimore City neighborhoods, please visit:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot 14′ x 110′, more or less

Zoning R-5, residential

Public water, sewer, gas, electricity, telephone, cable TV

IMPROVEMENTS:
Two story brick inside-group covered porchfront townhome – according to public tax records, the home was constructed in 1919. Features include vinyl-clad replacement windows, updated flooring, updated appliances and newly issued MDE lead certificate. The home is arranged as follows: living room, dining room and kitchen with walk-out, on the first floor; three bedrooms and bath, on the second floor; full basement. Currently rented for $850/mo. See above for instructions on how to view a copy of the lease and lead certificate.

TITLE:
Subject to a $70 annual ground rent (due in semi-annual installments on 2/15 & 8/15); and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $849.60 based on a full value assessment of $36,000. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $2,500 deposit, payable by certified check or 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. 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, ground rent, 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. 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!