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REAL ESTATE AUCTION
Zoned C-1 Commercial
Sale On Premises
3911 FALLS ROAD
Baltimore City, MD 21211
FRIDAY, DECEMBER 14, 2018
AT 12:15 P.M.
– Suggested Starting Bid: $60,000 –
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.
3911 Falls Road is located in the Hampden Neighborhood. Surrounding neighborhoods include Roland Park, Woodberry, Keswick and Medfield. The property is located within a half mile of The Avenue (36th Street), which features dining, shopping and entertainment. The Maryland Zoo in Baltimore, along with Druid Hill Park, are 2 miles away, and Wyman Park is 1 mile away. The newly renovated Rotunda building, which features an organic grocery store, pharmacy and a barbershop, is 5 blocks away. Commuters can take I-83 (1.5 miles) to travel north and south and Cold Spring Lane to travel east and west. Major employers in the area include Johns Hopkins University, Loyola University and Notre Dame of Maryland University.
For more information, please see:
Lot – 14′ x 127’7″, more or less
Zoned C-1 Commercial
All public utilities
Two story end-of-group porchfront townhome – according to public tax records, the house was constructed in 1880 and contains 1,176 square feet of living area and 588 square feet of basement area.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $3,125, based on a full value assessment of $132,433. 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:
– PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $7,500 deposit, payable by certified check or 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 12:00 PM, Monday, December 17, 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 the date of the contract of sale to the 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. 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!