"Midtown - Edmondson"

REAL ESTATE AUCTION

TWO STORY
TOWNHOME

Sale On Premises
919 APPLETON STREET
Off N. Monroe Street
Baltimore City, MD 21217

TUESDAY, MAY 7, 2019
AT 11:00 A.M.

– Suggested 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:
919 Appleton Street is located in the Midtown-Edmondson neighborhood of west Baltimore City. Surrounding neighborhoods include Harlem Park, Bridgeview-Greenlawn and Sandtown-Winchester. The property is located off of N. Monroe Street which features dining, retail and entertainment options. Commuters can utilize N. Fulton Avenue (0.2 miles) for north/south travel, and Route 40 (0.5 miles) for east/west travel. Major employers in the area include Bon Secours Hospital, Mondawmin Mall and Baltimore City Community College.

For more information, please see:
https://livebaltimore.com/neighborhoods/

SITE:
Lot – 13’5″ x 80′, more or less

Zoned residential

All public utilities

IMPROVEMENTS:
Two story inside group brick townhome – according to public tax records, the house was constructed in 1920. Home was previously rented for $1,200 per month.

EXTERIOR:

• Brick exterior
• Vinyl clad replacement windows
• Flat built up roof

INTERIOR:

First floor:

• Living room – hardwood floor
• Dining room – hardwood floor
• Kitchen – laminate floor
• Half bathroom – laminate floor

Second floor

• Bedroom – hardwood floor
• Bedroom – laminate floor
• Bedroom – laminate floor
• Bathroom – tile floor

Basement/mechanical:

• Gas forced air heat
• Central air conditioning (requires outside unit)
• 40 gallon gas water heater
• 100 amp electrical service
• Washer/dryer

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

TAXES:
Published annual real estate taxes are $306.80 based on a full value assessment of $13,000. 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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 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 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, 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. The Purchaser waives and releases the Seller, 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. 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!