"Edgewood"

REAL ESTATE AUCTION

UPDATED
TWO STORY TOWNHOME
4 Bedrooms ◆ 1.5 Baths

Sale On Premises
3728 EDMONDSON AVENUE
Near Mt. Holly Street
Baltimore City, MD 21229

TUESDAY, AUGUST 14, 2018
AT 10:30 A.M.

– Suggested Starting Bid: $25,000 –

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.

LOCATION:
3728 Edmondson Avenue is located in the Edgewood neighborhood in West Baltimore. Surrounding neighborhoods include Edmondson Village and Allendale, and the north and east sides of the neighborhood are bound by Gwynns Falls – Leakin Park. Edmondson Avenue (US-40) provides easy access to US-70 via Cooks Lane, I-695 and Downtown Baltimore. Shopping is nearby at Edmondson Village and additional areas along Edmondson Avenue. Public transportation is also along Edmondson Avenue.

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

SITE:
Lot – 21′ x 98’6″, more or less

Rear patio

Zoning – R6, residential

All public utilities

IMPROVEMENTS:
Two story inside-group brick townhome – the home was constructed in 1925, contains 1,680 square feet of living area and 756 square feet of basement space. The home has been fully updated, and is arranged as follows:

First Floor:

• Main Foyer leading to staircase
• Living room (wood floor)
• Dining Room (wood floor)
• Kitchen (tile floor)
• Powder Room
• Exits to the back

Second Floor

• 4 bedrooms (one room not containing closet) (wood floor)
• Full bath (tile floor)

Basement

• 100 amp electric
• 40 gallon water heater
• Central air
• Small room
• Basement unfinished

TITLE:
Subject to a $120 annual ground rent (due in semi-annual installments on 3/1 & 9/1); sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,378.24, based on a full value assessment of $58,400. 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 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. 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, 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. 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!