Louis J. Weinkam, Jr., Esquire
1002 Frederick Road
Catonsville, MD 21228
ONLINE ESTATE AUCTION
2557 MARBOURNE AVENUE
Off Hollins Ferry Road
Baltimore, MD 21230
MONDAY, SEPTEMBER 21, 2020
WEDNESDAY, SEPTEMBER 23, 2020 AT 11:00 A.M.
– Suggested Starting Bid: $10,000 –
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.
2557 Marbourne Avenue is located in the Lakeland neighborhood of South Baltimore. The neighborhood is near Patapsco Avenue, Hollins Ferry Road, Hammonds Ferry Road, Caton Avenue, Washington Boulevard, the Baltimore Washington Parkway and I-95. Shopping, dining, neighborhood services and public transportation are along Patapsco Avenue and Washington Boulevard. Lakeland provides commuters easy and convenient access to major highways including I-95 (1.5 miles), I-695 (1.9 miles) and I-895 (2.5 miles). Surrounding homes are comprised predominantly of brick townhomes constructed in the late 1950’s. According to the Baltimore City Public School locator, Lakeland Elementary and Middle School are the neighborhood schools.
Lot size – 16′ x 100′
Zoned R-6, residential
Fenced rear yard
All public utilities
Two story inside group townhome – constructed in 1958, containing 1,024 square feet of living area, according to public tax records. The home is believed to contain living room, dining room and kitchen, on the first floor; two bedrooms and a bathroom, on the second floor; no basement.
More information coming soon.
$90 ground rent payable in semi-annual installments on 2/1 and 8/1; sold free and clear of liens.
Published annual real estate taxes are $1,087, based on a full value assessment of $46,100.
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 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, by Thursday, September 24, 2020 at 11:00 A.M. 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, 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. 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. 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!