ONLINE REAL ESTATE AUCTION
TWO STORY BRICK
2644 W. LAFAYETTE AVENUE
Near Braddish Avenue
Baltimore City, MD 21216
MONDAY, AUGUST 31, 2020
WEDNESDAY, SEPTEMBER 2, 2020
AT 12:30 PM
– Bidding Starts at: $40,000 –
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.
2644 W. LaFayette Avenue is located in the Mosher neighborhood in West Baltimore, two blocks east of Gwynns Falls Park and Leon Day Park. Surrounding neighborhoods include Penrose, Winchester and Midtown- Edmondson. Neighborhood housing is predominantly comprised of two story townhomes. The home is located within close proximity to Edmondson Avenue, one of Baltimore’s major east/west roads, which hosts many food, retail and entertainment venues. Major employers in the area include the shops at Mondawmin Mall, Westside Shopping Center and Coppin State University.
Rectangular lot – 14′ x 99′
Zoning R-6, residential
All public utilities
Fenced rear yard with parking potential
Two story covered porchfront brick inside-group townhome, built in 1942, containing 920 square feet of living area and 420 square feet of basement space, according to public tax records. The home has undergone multiple updates including a new roof in 2020 and new plumbing repairs done in 2019.
Published annual real estate taxes are $708, based on a full value assessment of $30,000.
The property is in fee simple; sold free and clear of liens. Baltimore City Deed Book 10266, Page 498.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchaser price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser within 24 hours of bid closing at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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 5% buyer’s premium will be added to the final bid price.