"McElderry Park"

REAL ESTATE AUCTION

Two Story
TOWNHOME

Sale On Premises
432 N. LINWOOD AVENUE
Near Patterson Park
Baltimore City, MD 21224

WEDNESDAY, FEBRUARY 21, 2018
AT 2:00 P.M.

– SUGGESTED OPENING BID: $30,000 –

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:
432 N. Linwood Avenue, Baltimore, MD is located in the McElderry Park neighborhood of Baltimore surrounded by Patterson Park, Patterson Place, Care, Madison-Eastend, and Ellwood Park/Monument. Approximately one mile to Johns Hopkins Hospital and three miles to I-95. Approximately one mile to local shopping and dining locations. Surrounding properties are comprised primarily of brick townhomes.

For more information about the neighborhood, please visit:
https://livebaltimore.com/neighborhoods/mcelderry-park/

SITE:
Lot size: 14′ x 70′, more or less

All public utilities

Rear fenced-in patio

Zoned R-8, Residential

IMPROVEMENTS:
Two Story Brick Inside Group Townhome – constructed in 1920, containing 1,344 square feet of living area and 672 square feet of partially finished basement space, according to public tax records. Features include two large bedrooms on the second floor, hardwoods throughout the first and second floors, exposed brick walls, washer/dryer hookup in basement, forced air gas heating, central air conditioning and 200 amp. electrical service.

Exterior:

• Brick construction
• Flat built up roof
• Rear Porch
• Vinyl-clad replacement windows

Interior:

Lower Level:
Partially finished basement containing

• Kitchen with tile floor and tin ceiling
• Half Bath (Powder Room) off kitchen
• Exposed Brick
• Washer/Dryer hookup
• HVAC
• 2 rooms located on front end of basement

First Floor:

• Living Room with pocket doors, hardwood floors, and decorative fireplace
• Den with hardwood floors
• Dining Room with hardwood floors
• Access to Rear Porch/Patio

Second Floor:

• Bedroom with large walk-in closet (front)
• Bedroom with large closet (rear)
• Full Bath containing jetted tub/shower

TAXES:
Published annual real estate taxes are $3,646.20, based on a full value assessment of $154,500. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
Subject to a $240 annual ground rent (due in semi annual installments on 1/1 & 7/1); and will be sold free and clear of liens.

TERMS OF SALE:
A $3,000 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 8% 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. 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. A 4% buyer’s premium will be added to the final bid price.

No Buyer’s Premium!