"Ellwood Park"

REAL ESTATE AUCTION

TWO STORY
BRICK RENTAL TOWNHOUSE
-$730/Month Rent-

Sale On Premises
409 N. HIGHLAND AVENUE
Off Pulaski Highway
Baltimore City, MD 21224

TUESDAY, OCTOBER 16, 2018
AT 12:15 P.M.

– Suggested Starting Bid: $20,000 –

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:
409 N. Highland Avenue is located in the Ellwood Park neighborhood in southeast Baltimore City. Surrounding neighborhoods include McElderry Park, Patterson Park, Baltimore Highlands and Orangeville. Nearby employers include Johns Hopkins Bayview Medical Center (2 miles), Mid Atlantic Baking Company (0.6 mile), Amazon Distribution Center in Sparrows Point (2.8 miles) and more. The property is off both Pulaski Highway and E. Fayette Street, which feature shopping, dining and entertainment. I-95 and I-895 are also easily accessible for commuters.

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

SITE:
Lot – 14’6″ x 77’6″, more or less

On-Street Parking

All public utilities

IMPROVEMENTS:
Two story inside group brick porchfront townhome – According to tax records the home was constructed in 1924. The home is believed to contain a living room, dining room, and kitchen on the first floor; three bedrooms and bath, on the second floor; basement with full bath. Currently rented for $730 per month.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,385, based on a full value assessment of $58,700. 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

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE 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. 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, ground rent, rents, 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!