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ONLINE REAL ESTATE AUCTION
1926 W. LANVALE STREET
Off Appleton Street
Baltimore City, MD 21217
MONDAY, DECEMBER 6, 2021
THURSDAY, DECEMBER 9, 2021 AT 1:00 P.M.
– 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.
1926 W. Lanvale Street is located in the Midtown – Edmondson neighborhood of West Baltimore City. Surrounding neighborhoods include Harlem Park, Bridgeview/Greenlawn and Evergreen Lawn. Commuters have easy access to major roads with N. Fulton Avenue and N. Monroe Street (north/south) being within a quarter mile and W. Franklin Street (east/west) within a half mile. Public transportation, including bus and train, are within a half mile. Within close proximity to the home are restaurants, shops and recreation centers. Major employers in the area include Grace Medical Center, University of Maryland, Baltimore and Coppin State University.
For more information, please see:
Neighborhoods – livebaltimore.com
Lot – 14′ x 80′, more or less. Plat
Brick garage in rear
All public utilities
Zoned R-8, Residential
Two story end-of-group townhome. According to public tax records, the property was constructed in 1920. The home is believed to contain living room, dining room and kitchen, on first floor; three bedrooms and bathroom, on second floor; unfinished basement. The townhome has been rented on a month-to-month basis to the same tenant for 30 years at $700 per month. The tenant stopped paying rent in October, there is no lease.
$65 ground rent payable in semi-annual installments on 1/1 and 7/1 (unregistered); sold free and clear of liens.
Published annual real estate taxes are $367.82, based on a full value assessment of $15,000. 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 – dat.maryland.gov.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4 P.M. on Thursday, December 9, 2021 (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 taxes, rent, ground rent and 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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 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 5% buyer’s premium will be added to the final bid price.