"Hampden Area - Medfield"

Featuring Live & Simulcast Online Bidding
$85,000 Opening Bid

DUPLEX WITH
DETACHED GARAGE
– Rented for $2,250/Month-

Known As:
4314 FALLS ROAD
Near W. Cold Spring Lane
Baltimore City, MD 21211

BIDDING OPENS:
FRIDAY, JULY 16, 2021

Live Onsite Auction Begins:
TUESDAY, JULY 20, 2021 at 11:30 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. Online bidding is available from Friday, July 16,  and will continue through the live auction.  You can choose to bid online and/or attend the live auction.

LOCATION:
4314 Falls Road is located in the Medfield neighborhood of north Baltimore City. Surrounding neighborhoods include Hampden, Roland Park, Hoes Heights and Woodberry. The property is located within one mile of “The Avenue” in Hampden where residents can enjoy a multitude of food options ranging from American comfort food at The Food Market to dessert at Waffie, voted “one of the top 100 places to eat in the USA,” according to Yelp. The home’s location is convenient for residents, having several grocery stores, coffee shops, breweries, gyms and more within walking distance. Nature lovers have a variety of parks and trails near the home including Cold Spring Park, Druid Hill Park, Lake Roland Park and the Jones Falls Trail. Commuters have easy access to I-83 (0.4 mile) for north/south travel and W. Cold Spring Lane (0.1 mile) for east/west travel. Major employers in the area include Johns Hopkins University, Loyola University and Sinai Hospital.

For more information, please see:
Hampden – livebaltimore.com
Medfield – livebaltimore.com

SITE:
Lot – 14’3″ x 117’8″, more or less. Plat
Detached garage
R-6, residential, single family
All public utilities

IMPROVEMENTS:
Two story inside group townhome arranged for two dwelling units. According to public tax records, the house was constructed in 1912 and contains 1,288 square feet of living area and 588 square feet of basement space. The property contains two gas meters and one electric meter. Rear detached garage rented for $100/ month.

Unit One: Rented for $1,400/ month

First floor:

• Living room – hardwood floor
• Dining room – hardwood floor
• Bonus room – hardwood floor

Second floor:

• Kitchen – hardwood floor
• Family room – hardwood floor
• Bedroom – hardwood floor
• Bathroom – laminate flooring

Unit Two: Rented for $750/ month

Basement:

• Kitchen – laminate
• Living room – carpet
• Bedroom – carpet
• Bathroom – tile flooring
• Mechanical room with washer/dryer area

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

TAXES:
Home and garage on separate tax accounts.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $10,000 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. If the high bidder is an online Purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office, by 4:30 p.m. on the day of the 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, rents, 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 settlement and assumed thereafter by the Purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. 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, including but not limited to the environmental condition thereof. 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. Purchaser acknowledges that it is the intention of the Seller to create an IRS Section 1031 Tax Deferred Exchange (the “Exchange”) and that the Seller’s rights and obligations under this Contract may be assigned to a qualified intermediary (the “Intermediary”) to be designated by the Seller to facilitate such Exchange. Purchaser agrees to fully cooperate with the Seller and Intermediary, at no additional cost of liability to the Purchaser, to enable Seller to utilize the contemplated Exchange. A 5% buyer’s premium will be added to the final bid price.