"McElderry Park"

REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME

Sale On Premises
612 N. KENWOOD AVENUE
Near McElderry Park
Baltimore City, MD 21205

FRIDAY, OCTOBER 5, 2018
AT 12:10 P.M.

– SUGGESTED OPENING 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:
The property is located in the McElderry Park neighborhood of Eastern Baltimore City, surrounded by the Milton Montford, CARE and Patterson Place neighborhoods. The neighborhood consists of primarily two story brick porchfront townhomes built in the 1900’s . Located three blocks north of US Rt. 40, this property provides easy access to some of the area’s major employers, such as Johns Hopkins Hospital Main Campus and Bayview Campus, Port of Baltimore and Amazon Fulfilment Center. For recreation and entertainment, you will find Patterson Park just under a mile away and the Canton Waterfront approximately two miles away. The immediate neighborhood boasts local shopping, restaurants and a grocery store to provide convenient options in close proximity.

SITE:
Rectangular Lot: 13’6″ x 68′, more or less

Public water and sewer

Zoned R8 – Residential

Tax ID: 0307171643052

IMPROVEMENTS:
Two story inside-group brick townhome constructed in 1915, believed to contain 1,387 square feet of living area and 693 square feet of basement space.

Exterior:
Two Story Brick
Flat built-up roof
Vinyl clad replacement windows
Fenced-in rear yard

TAXES:
Current annual real estate taxes are $849.60 based on a full value assessment of $36,000 according to public tax records. 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:
The property is In Fee Simple; and sold free and clear of liens.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, payable by certified check or 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 by 12:00 Noon, Monday, October 8 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, 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!