"Liberty Square - Opposite Druid Hill Park"

THE CASEY GROUP, LTD.
502 Washington Avenue – Suite 650
Towson, MD 21204

RECEIVER’S AUCTION

– Comprising –

Four Story Brick
APARTMENT BUILDING
Formerly Containing 31 Units
2800 REISTERSTOWN ROAD
Baltimore, MD 21215

2 – Four-Bedroom
BRICK TOWNHOMES
406 AND 417
ROSECROFT TERRACE
Baltimore, MD 21229

Two Story Brick
APARTMENT BUILDING
Formerly Containing 5 Units
4023 3^RD STREET, SE
Washington, DC 20019

Sales on the Respective Premises
At the Noted Dates and Times

      Pursuant to an Order of the United States District Court for the District of Maryland, passed in the matter of JET PROPERTIES, LLC, Plaintiff v. WAZ INVESTMENTS, LLC, et al., Defendants, Civil Action No. JMC-17-1345, Order Approving Sale of Real Property Held by Dissolved Entities, the undersigned court-appointed Receiver will sell at public auction, on the respective premises:

      All those leasehold and fee simple lots of ground and the improvements thereon, situate and lying in Baltimore City, Maryland and Washington, D.C., and being more fully described as follows:

WEDNESDAY, MARCH 13, 2019
AT 11:00 A.M.
2800 REISTERSTOWN ROAD
“Liberty Square,” Baltimore, MD 21215

      $300,000 Suggested Opening Bid – Four story brick and siding apartment building, formerly containing 31 apartment units. The building has replacement windows and a steel fire escape. According to public tax records, the building was constructed in 1926 and contains 15,092 square feet of gross building area. Corner lot fronts 54′ on Reisterstown Road by 145′ along Tioga Parkway. In fee simple. Deed Liber 18163, Page 063. Zoning R-8, residential. The building is currently vacant and situated opposite Druid Hill Park, in a redeveloping area of northwest Baltimore City. The property is one block north of Mondawmin Mall and Metro Station.

      Deposit $25,000

WEDNESDAY, MARCH 13, 2019
AT 12:30 P.M.
406 & 417 ROSECROFT TERRACE
“Irvington,” Baltimore, MD 21229

      $20,000 Suggested Opening Bid – 406 Rosecroft Terrace – two story, porchfront, inside-group brick townhome, contains a foyer (carpet), living room (carpet), dining room (ceramic tile), kitchen (ceramic tile, gas range/oven, refrigerator), on the first floor; 4 large bedrooms (carpet) and full ceramic tile bath, on the second floor; full unfinished basement with outside exit, two rooms and shower-bath; gas forced air heat, gas water heater, 100 amp. electric; fenced front and rear yards. According to public tax records, the home was built in 1921, contains 1,728 square feet of living area and 864 square feet of basement space. Lot size 24′ x 125′. Subject to an annual $240 ground rent, payable semi-annually on the first days of January and July in each and every year. Deed Liber 16990, Page 378. Zoning R-6, residential.

      Deposit $2,500

      $20,000 Suggested Opening Bid – 417 Rosecroft Terrace – two story, porchfront, inside-group brick townhome, contains a foyer (laminate), living room (laminate), dining room (laminate), kitchen (laminate, gas range/oven, refrigerator), on the first floor; 4 large bedrooms (carpet) and full ceramic tile bath, on the second floor; unfinished basement with outside exit; gas forced air heat, gas water heater, 100 amp. electric. According to public tax records, the home was built in 1924, contains 1,728 square feet of living area and 888 square feet of basement space. Lot size 24′ x 152′. In fee simple. Deed Liber 16580, Page 342. Zoning R-6, residential.

      Deposit $2,500

THURSDAY, MARCH 14, 2019
AT 11:00 A.M.
4023 3^RD STREET, SE
“Congress Heights,” Washington, DC 20019

      $200,000 Suggested Opening Bid – Two story brick semi-detached apartment building, formerly containing 5 apartment units with separate electric meters. According to public tax records, the building was constructed in 1951 and contains 3,318 square feet of gross building area. Lot size 72′ x 338′ (irregular) or 0.13 acre. In fee simple. Deed Document #2015054065. Land Use 028. The building is currently vacant.

      Deposit $20,000

      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.

      TERMS OF SALE: Deposits as stated above, 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, 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, subject to easements, agreements, restrictions or covenants of record affecting same and housing violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Receiver, 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 Receiver or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence. No buyer’s premium.

      Authority to cancel this sale rests solely with the Receiver and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Receiver reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders’ deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.

The Casey Group, Ltd., Receiver

No Buyer’s Premium