"Frankford"

This Auction has been CANCELED.
Sold prior to the auction.

ONLINE REAL ESTATE AUCTION

TWO STORY
TOWNHOME
– Rented for $1,175/Month –

Known As:
4816 GREENCREST ROAD
Off Force Road
Baltimore, MD 21206

– CANCELED – 

BIDDING OPENS:
FRIDAY, DECEMBER 4, 2020

BIDDING CLOSES:
TUESDAY, DECEMBER 8, 2020 AT 11:30 A.M.

– 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:
4816 Greencrest Road is located in the Frankford neighborhood of northeast Baltimore City. Surrounding neighborhoods include Belair-Edison, Cedonia and Parkside. Frankford is conveniently located in close proximity to major commuter routes throughout the area, including I-95, I-895, the Baltimore Beltway (I-695), Belair Road and Moravia Road. Belair Road provides ample access to retail and dining options, and the Hamilton-Lauraville Main Street corridor along Harford Road is also within 1.5 miles. Major employers in the area include Morgan State University and Johns Hopkins Bayview Medical Center.

SITE:
Lot size – 16′ x 139’6″, more or less. Plat

Zoned R-6

All public utilities

IMPROVEMENTS:
Two story inside group townhome, constructed in 1957, containing 1,024 square feet of living area and 512 square feet of basement space, according to public tax records. The home is believed to be arranged for living room, dining room, kitchen, on the first floor; two bedrooms and bathroom, on second floor; unfinished basement. The property is currently rented for $1,175 per month and is lead-free. MDE Lead Inspection Certificate

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the lease

TITLE:
$90 ground rent payable in semi-annual installments on 2/27 and 8/27; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,410, based on a full value assessment of $102,133.

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 Wednesday, December 9, 2020 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 deposit, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease 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.