"Frankford"

TWO UNIT BUILDING 
3,774 Sq. Ft. GBA ♦ 0.12± Acre 

$21,000 Gross Scheduled Annual Rent 

Known As 
5301 VALIQUET AVENUE 
Corner Hamilton Avenue 
Baltimore City, MD 21206 

      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:
5301 Valiquet Avenue is located in the Frankford Neighborhood in northeast Baltimore City, a very short distance from the Baltimore County line. Surrounding neighborhoods include Cedonia, Cedmont, Waltherson and Overlea. The home is within close proximity to I-95, I-895 and I-695, providing convenient commuter access throughout the metropolitan area. Shopping, dining and restaurants are situated along nearby Sinclar Lane and Belair Road.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/frankford/

SITE:
Lot – 5,357 square feet, comprising 0.12 acre, more or less

Fenced front and side yard

Off-street parking for 2 vehicles

All public utilities

Zoning: R-5, residential, 2 dwelling units. For more information, see the Baltimore City Zoning Code.

IMPROVEMENTS:
Two story covered porchfront bungalow – constructed in 1924, containing 2,516 square feet of living area and 1,258 square feet of partially finished basement space. The home features separate interior entry to each unit, two electric meters and laundry in each unit.

Exterior
Frame construction
Shingle exterior
Covered front porch
Asphalt shingle roof
Vinyl-clad replacement windows
Aluminum down spouts and rain gutters

Interior

Unit 1 (first floor and basement) – Rented for $850/month

• Living room – carpet
• Dining room – laminate floor
• Kitchen – tile floor
• Full ceramic tile bath
• Bedroom – carpet
• Bedroom
• Built-in hall storage
• Basement laundry and storage area

Unit 2 (second floor) – Rented for $900/month

• Open living room and dining room – wood floor
• Kitchen – ceramic tile floor, stacking washer/dryer, refrigerator/freezer and electric range oven
• Bathroom – ceramic tile floor
• Bedroom – wood floor
• Bedroom – wood floor

Mechanical
Gas forced air heat
CAC
Oil boiler
200 amp. electrical service
2 electric meters

LEASES:
For a copy of the leases, please fill out a Waiver and Confidentiality Agreement, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive the confidential information via email. Requests are normally answered Monday-Friday 9 am-4 pm.

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

TAXES:
Annual real estate taxes are $3,636.76, based on a full value assessment of $154,100. 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 10% deposit, payable by certified check or cashier’s check, will be required of the purchaser at time and place of sale. 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. 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 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. Time is of the essence.

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