"Gwynn Oak - Catonsville Manor"

REAL ESTATE AUCTION

“Catonsville Manor”

BUNGALOW
– On 0.10 Acre –

Sale On Premises
5949 BALTIMORE STREET
Off Ingleside Avenue
Baltimore County, MD 21207

FRIDAY, NOVEMBER 9, 2018
AT 12:00 NOON

– Suggested Starting Bid: $50,000 –

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:
5949 Baltimore Street is located in west Baltimore County. Surrounding neighborhoods include Westview Park, West Edmondale and West Hills. The home is within close proximity to Leakin Park (1 mile), Ingleside Shopping Center (1.2 miles) and Security Square Mall (3.5 miles). US Route 40 is within one mile and features dining, entertainment and retail options. Commuters have easy access to I-70 (1 mile), US Route 40 (1 mile) and I-695 (2.5 miles).

SITE:
Lot – 4,550 square feet, or 0.10 acre, more or less

Enclosed front porch

All public utilities

Zoned Residential

IMPROVEMENTS:
One and one half story bungalow – according to public tax records, the house was constructed in 1940 and contains 1,008 square feet of living area.

INTERIOR:

First floor:

• Living room: hardwood
• Dining room: hardwood
• Kitchen: tile
• Full bath: tile
• Half bath: tile
• Bedroom (no closet): hardwood
• Laundry room: tile
• Sunroom: tile

Second floor:

• Bedroom: hardwood
• Bedroom: hardwood

Mechanical:

• 30 gallon water heater
• 100 amp electrical service
• Propane gas heat
• Baseboard heat

EXTERIOR:

• Brick and vinyl exterior
• Wood and vinyl replacement windows
• Propane tanks
• Enclosed porch

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

TAXES:
Published annual real estate taxes are $1,733, based on a full value assessment of $66,500.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $5,000 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 by 11:00 AM, Monday, November 12 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, 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. 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.

No Buyer’s Premium!