"Howard Park"

Holloway & Sullivan, LLC
7 St. Paul Street – Suite 625
Baltimore, MD 21202

GUARDIAN’S AUCTION
$25,000 Suggested Opening Bid

TWO STORY COTTAGE
3 Bedrooms ◆ Bath ◆ Garage

Sale On Premises
5515 GWYNN OAK AVENUE
Off Rogers Avenue
Baltimore, MD 21207

THURSDAY, FEBRUARY 27, 2020
AT 11:00 A.M.

Pursuant to an Order of the Circuit Court for Baltimore City passed in the matter of Minnie Johnson, Case No. C-03-FM-19-003979, the undersigned Guardian of the Property will sell at public auction, the above-captioned property.

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:
5515 Gwynn Oak 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

SITE:
Lot fronts approximately 50′ along Gwynn Oak Avenue, with depths of 148′ and 136′ and a rear lot line of approximately 50′.

Zoning R-4, residential

All public utilities

Asphalt driveway with parking for six or more cars

IMPROVEMENTS:
Two story cottage, built in 1922, comprising 1,268 square feet of living area, 600 square feet of basement space and 160 square foot enclosed porch, according to public tax records.

Exterior – aluminum siding, composition shingle roof, wood double-hung windows with aluminum storm sashes, stone foundation

First Floor

• Enclosed Front Sun Porch
• Foyer – carpeting over wood floor
• Living Room – carpeting over wood floor
• Dining Room – carpeting over wood floor
• Kitchen – vinyl tile floor, gas range/oven

Second Floor

• Three Bedrooms – carpeting over wood floors
• Full Ceramic Tile Bath
• Stair Lift

Basement

Unfinished

Mechanical – oil hot water heat, gas water heater, circuit breakers

The home needs updating and cosmetic repairs.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MLP 9855, Page 515.

TAXES:
Published annual real estate taxes are $2,924, based on a full value assessment of $123,900. 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.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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 within 24 hours 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.

Terry K. Sullivan, Guardian