ONLINE REAL ESTATE AUCTION
3608 FERNDALE AVENUE
Off Liberty Heights Avenue
Baltimore, MD 21207
MONDAY, MAY 4, 2020 AT 12:00 A.M.
WEDNESDAY, MAY 6, 2020 AT 1:00 P.M.
$70,000 Suggested Opening Bid
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.
3608 Ferndale Avenue is located in the Howard Park neighborhood of northwest Baltimore. The neighborhood is predominantly comprised of pre-war single family detached homes, many of which have undergone recent renovation. The property is within walking distance of the Howard Park commercial revitalization district, centered around a recently opened ShopRite grocery store at 4601 Liberty Heights Avenue. Public transportation and schools are nearby
Lot fronts approximately 50′ along Ferndale Avenue, with depths of 120′, and a rear lot line of approximately 50′.
Zoning R-3, residential
All public utilities
Concrete driveway with parking for 2 vehicles
Two story bungalow built in 1924, comprising 1,436 square feet of living area, 832 square feet of basement space and 182 square foot enclosed porch, according to public tax records.
The home needs updating and cosmetic repairs.
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MB 21765, Page 6.
Published annual real estate taxes are $2,717.94, based on a full value assessment of $115,167. 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 $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Wednesday, May 6, 2020 at 1:00 P.M. (the bid closing). 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.