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REAL ESTATE AUCTION
5 RENTAL TOWNHOMES
– $66,036/Year Gross Scheduled Income –
2016, 2030 & 2052
Baltimore City, MD 21230
Sale On Premises
TUESDAY, APRIL 9, 2019
AT 11:00 A.M.
– Suggested Starting Bid: $25,000 Each –
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.
The properties are located in the Morrell Park neighborhood in Southwest Baltimore. Surrounding neighborhoods include Violetville, Lakeland, Wilhelm Park and Lansdowne (Baltimore County). Washington Boulevard (US-1) is the primary thoroughfare in the neighborhood, providing convenient access to Downtown Baltimore (3 miles east), the Baltimore Beltway (I-695, 2 miles west) and I-95 via either Monroe Street or Patapsco Avenue. Major employers are positioned throughout the area, including those in the Carroll-Camden Industrial Complex, Downtown Baltimore, UMBC and the Baltimore Washington International Airport Commercial Corridor. Retail shopping, dining and groceries are available along both Washington Boulevard and Patapsco Avenue. Public transportation is along Washington Boulevard.
For more information, please see:
1911 Harman Avenue: 14′ x 89′, more or less; Plat
2012 Harman Avenue: 14′ x 88’6″, more or less; Plat
2016 Harman Avenue: 14′ x 88’6″, more or less; Plat
2030 Harman Avenue: 14′ x 88’6″, more or less; Plat
2052 Harman Avenue: 14′ x 88’6″, more or less; Plat
All public utilities
The properties are improved by two story brick porchfront townhomes constructed in 1950, and arranged for 5 rooms (2 bedrooms), bath and basement. 1911 and 2012 have finished basements. Interior finishes vary. Each property has a lead free certificate. Rents are as follows:
|Property||Monthly Rent||Annual Rent|
|1911 Harman Avenue||$1,126||$13,512|
|2012 Harman Avenue||$1,229||$14,748|
|2016 Harman Avenue||$924||$11,088|
|2030 Harman Avenue||$1,300||$15,600|
|2052 Harman Avenue||$924||$11,088|
MDE lead certificates and leases are available to view. Please complete the Waiver and Confidentiality Agreement form.
Current annual real estate taxes are:
|1911 Harman Avenue||$1,180.78||$50,033|
|2012 Harman Avenue||$896.80||$38,000|
|2016 Harman Avenue||$1,180.78||$50,033|
|2030 Harman Avenue||$1,182.36||$50,100|
|2052 Harman Avenue||$896.80||$38,000|
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:
|Property||Ground Rent (Annual)
or Fee Simple
|Due Dates or Unregistered|
|1911 Harman Avenue||$84||Due in semi-annual installments on 3/3 and 9/3|
|2012 Harman Avenue||Fee Simple|
|2016 Harman Avenue||$84||Due in semi-annual installments on 3/22 and 9/22|
|2030 Harman Avenue||$90||Unregistered|
|2052 Harman Avenue||Fee Simple|
The properties will be sold free and clear of all liens
The properties will be offered separately and as an entirety, and sold in the manner producing the greatest result.
Please see the contract of sale for complete terms.
A $2,500 deposit, on each property, 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 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. All adjustments, including taxes, ground rent, rents, 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. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any and subject to the lease of the tenant in place. 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!