"Forest Park"

Matthew A. Limsky, Attorney
Summerfield, Willen, Silverberg & Limsky, LLC
1829 Reisterstown Road – Suite 410
Baltimore, MD 21208

Sales On Respective Premises
THURSDAY, APRIL 27, 2017

AT 11:00 A.M.
Two Story Townhome
4906 PEMBRIDGE AVENUE
“Central Park Heights,” Baltimore, MD 21215

      $10,000 Suggested Opening Bid – two story inside-group stone and brick townhome, built in 1941, containing 1,120 square feet of living area and 560 square feet of basement space, according to public tax records. First floor contains a living room, dining room and kitchen; two bedrooms and bath, on the second; unfinished basement with outside entrance; oil heat; fenced yard; covered front patio. Lot size 16’2″ x 87’6″. In fee simple.

      Plat

      Published annual real estate taxes are $802, based on a full value assessment of $34,000. 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

      Deposit $2,500

AT 12:00 NOON
Two Story Cottage – 2 Apartments
3616 W. FOREST PARK AVENUE
“Forest Park,” Baltimore, MD 21216

      $25,000 Suggested Opening Bid – two story covered porchfront aluminum sided cottage, built in 1920, containing 3,940 square feet of living area and 1,602 square feet of basement space, according to public tax records. Arranged as two apartments, the first floor is currently rented for $775/month and the second floor is vacant. Each apartment is believed to comprise two bedrooms and bath. Lot size 80′ x 150′. Subject to an annual $120 ground rent.

      Plat

      Published annual real estate taxes are $3,269, based on a full value assessment of $138,500. 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

      Deposit $3,000

      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.

      TERMS OF SALE: Deposits as stated above, 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. 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, rents, ground 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 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.

Auction by order of:
Mark T. Willen, Personal Representative
of the Estate of Norman I. Mullins