REAL ESTATE AUCTION
TWO STORY BUNGALOW
~Arranged for 3 Dwelling Units~
Sale On Premises
5900 BOWLEYS LANE
Baltimore City, MD 21206
TUESDAY, MARCH 10, 2020
AT 12:30 P.M.
$60,000 Suggested Opening Bid
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.
5900 Bowleys Lane is located in the Frankford neighborhood in northeast Baltimore City. Surrounding neighborhoods include Belair-Edison, Parkside and Orchard Ridge. The property is off of Moravia Road, a notable thoroughfare, that takes residents throughout the northeast corridor of the City. Moravia Road, a mainly commercial road, features many dining, retail, grocery and entertainment options. Commuters can take advantage of the home’s proximity to major highways including I-895 (within a half mile), I-95 (within 1.5 miles) and I-695 (within 4 miles). Major employers in the area include Johns Hopkins Hospital, Johns Hopkins Bayview and Amazon Fulfillment center.
Lot size 60′ x 143′ or 0.197± acre, more or less, according to public tax records
Front and rear yards
Asphalt driveway and rear asphalt parking pad for 3 cars
All public utilities
R-6 Residential, approved for 2 dwelling units.
For more information on permitted uses, please see the Baltimore City Zoning Ordinance.
Two story vinyl sided bungalow – constructed in 1930, containing 1,292 square feet of living area and 646 square feet of basement space. The building is arranged for 3 dwelling units. Each floor, including the basement, containing a 2 bedroom and 1 bath unit. The property has separate electric meters and water heaters. Units had previously been rented for $800 per month.
In fee simple; sold free and clear of all liens
Published annual real estate taxes are $2,680.96, based on a full value assessment of $113,600.
Please refer to the contract of sale for complete terms and conditions. A $7,500 deposit, 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. 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. 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, 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. 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. 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.
No Buyer’s Premium