Featuring Live & Online Simulcast Bidding
$200,000 Opening Bid
Renovated Two Story
2 Bedrooms ◆ 2.5 Baths
1118 W. 38TH STREET
Between Falls Road & Hickory Avenue
Baltimore, MD 21211
Online Bidding Opens
MONDAY, JUNE 27, 2022
Live Onsite Auction
WEDNESDAY, JUNE 29, 2022
AT 2:00 P.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.
1118 W. 38th Street is located in the Hampden area of north Baltimore, one-half block east of the 3800 block of Falls Road. Neighborhood housing is comprised of townhomes and garden apartments. The property is two blocks north of “The Avenue”, the community commercial district along 36th Street, featuring, restaurants, shops and attractions. Public bus transportation is along Falls Road and MTA Light Rail service is within walking distance. The neighborhood is convenient to the Jones Falls Expressway (I-83) and is less than ten minutes from Downtown Baltimore.
For more details about Hampden see:
Hampden – livebaltimore.com
Lot size 14′ x 89′, Crowther Street in rear. Plat
Fenced rear yard with room for parking pad
Two Story Brick Inside-Group Porchfront Townhome, built in 1900, containing 1,292 square feet of living area and 596 square feet of basement space, according to public tax records.
Exterior – vinyl-clad double-hung windows, built-up roof, covered front porches – one on first floor and one on second
Mechanical – gas forced air heat, central air conditioning, 40-gallon electric water heater, 200-amp. electrical service, sump pump
The house is currently rented for $1,975 per month on a month-to-month basis.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book 20967, Page 146.
Published annual real estate taxes are $3,938.84, based on a full value assessment of $166,900.
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 – dat.maryland.gov
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $20,000 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 within 24 hours at the Auctioneer’s office.
Online Auction Bidders – a 10% deposit, payable by wire transfer or cashier’s check is due at the auctioneers office by 4:00 p.m. on the day of auction.
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, 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 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, and subject to the rights of the tenant in possession. 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.