"Greenspring"

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

$15,000 Opening Bid

Two Story, Porchfront
BRICK TOWNHOME
Currently Rented for $1,000/Month

Known As
4017 PIMLICO ROAD
Baltimore, MD 21215

– CANCELED –
Sold prior to the auction.

Bidding Opens
MONDAY, JANUARY 11, 2021

Bidding Closes
WEDNESDAY, JANUARY 13, 2021
AT 11:00 A.M.

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:
4017 Pimlico Road is located in the Greenspring neighborhood of northwest Baltimore, east of the 4000 block of Park Heights Avenue. Housing in the surrounding area is a mixture of brick townhomes, detached cottages and garden apartments. The neighborhood is convenient to public transportation, shopping, employment centers and parks.

SITE:
Rectangular lot, 14′ x 185’6″. Plat
Zoning R-6, residential
All public utilities

IMPROVEMENTS:
Two Story Inside-Group Covered Porchfront Brick Townhouse, built in 1938, according to public tax records. The home has a full basement foundation, built-up roof and double-hung replacement windows. The interior contains a living/dining room, kitchen, 2 bedrooms and bath; gas hot air heat.

The property is currently rented for $1,000/month. The tenant has been in occupancy for more than one year and the lease is currently on a month to month basis.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MB 20300, Page 134.

TAXES:
Published annual real estate taxes are $786, based on a full value assessment of $33,333. 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: Assessment Appeal Process.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire payment, will be required of the purchaser by 4:30 p.m. on the day of auction, 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. All adjustments, including taxes, ground rent, 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 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.