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This Auction has been CANCELED.
Sold prior to the auction.
ONLINE REAL ESTATE AUCTION
~Currently Rented for $1,050/Month~
3168 RAVENWOOD AVENUE
Baltimore, MD 21213
– CANCELED –
MONDAY, JANUARY 25, 2021
THURSDAY, JANUARY 28, 2021 AT 11:30 AM
– Starting Bid: $15,000 –
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.
3168 Ravenwood Avenue is located in the Four by Four neighborhood in northeast Baltimore City. Surrounding neighborhoods include Belair Edison and Berea. The neighborhood is named by the four north/south streets and four east/west streets that make up the neighborhood. The home sits off of Belair Road, one of Baltimore’s longest north/south thoroughfares. Within walking distance of the home are grocery stores, shopping, restaurants and other entertainment venues. Within a quarter mile of the home is Clifton Park – which includes playing fields, golf course and walking paths. Commuters can take advantage of Belair Road for north/south travel, I-95 and I-895 are also within two miles. Major employers in the area include Morgan State University and Johns Hopkins University.
Lot size – 13′ x 79′, more or less. Plat
All public utilities
Fenced rear yard
Two story brick, porchfront inside group townhome – constructed in 1920, containing 1,118 square feet of living area and 559 square feet of basement space, according to public tax records. The home is rented for $1,050 per month to a long-term tenant but the tenant is in arrears. MDE Lead Inspection Certificate
$60 ground rent, payable in semi-annual installments on January 1 and July 1; sold free and clear of liens. Baltimore City Deed Book Liber FMC 13181, folio 107.
Published annual real estate taxes are $818.14, based on a full value assessment of $34,667.
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $3,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Friday, January 29, 2021 at 11:30 A.M. 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, 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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. A 5% buyer’s premium will be added to the final bid price.