"Langston Hughes"

ONLINE ESTATE AUCTION

TWO STORY
TOWNHOME

Known As:
4013 W. GARRISON AVENUE
Off Reisterstown Road
Baltimore City, MD 21215

BIDDING OPENS:
FRIDAY, OCTOBER 16, 2020

BIDDING CLOSES:
TUESDAY, OCTOBER 20, 2020 AT 11:00 A.M.

– Starting Bid: $5,000 –

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.

LOCATION:
4013 W. Garrison Avenue is located in the Langston Hughes neighborhood of northwest Baltimore City. Surrounding neighborhoods include Arlington, Woodmere and Central Park Heights. The home is located just off of Reisterstown Road, a major roadway in northwest Baltimore, and contains dining, retail and entertainment options. Commuters can take advantage of Northern Parkway (0.7 mile) for east/west travel and Park Heights Avenue (0.8 mile) for north/south travel. Within 2 miles of the home is one of Baltimore’s greatest hidden treasures, Cylburn Arboretum. Residents can enjoy an escape of city life by walking through the 200 acre urban oasis that is lined with hundreds of specimen trees, plant collections, gardens and wooded trails. Nearby employers in the area include Sinai Hospital and Loyola University.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Lot – 17’6″ x 100′, more or less

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story inside-group brick porchfront townhome, believed to be built in 1920. The home is believed to contain living room, dining room and kitchen, on the first floor; three bedrooms and a bathroom, on the second floor; unfinished basement. The property is currently rented for $850 per month, and the tenant is in arrears.

Please complete the Waiver and Confidentiality Agreement form for the lease and lead certificate

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

TAXES:
Published annual real estate taxes are $464.14, based on a full value assessment of $19,667. 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 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, within 24 hours of Tuesday, October 20, 2020 at 11:00 A.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. All adjustments, including rent, 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 settlement and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenant in place, 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