"N.E. Baltimore - Glenham-Belhar"

Featuring Live & Online Simulcast Bidding
$70,000 Opening Bid

“Glenham – Belhar”

APARTMENT BUILDING
– On 0.279± Acre –

– Arranged For 5 Dwelling Units –

Known As
5702 WINTHROPE AVENUE
Off Walther Avenue
Baltimore City, MD 21206

Online Bidding Opens
MONDAY, JANUARY 31, 2022

Live Onsite Auction
WEDNESDAY, FEBRUARY 2, 2022
AT 3:00 P.M.

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:
5702 Winthrope Avenue is located in the Glenham-Belhar neighborhood in northeast Baltimore City. Surrounding neighborhoods include Waltherson, Lauraville, Hamilton Hills, Westfield and Cedmont. The Hamilton-Lauraville Main Street corridor along Harford Road, known for an eclectic variety of businesses and annual events, is located a little less than one mile northwest. Surrounding properties are a mix of detached single family homes, converted multi-unit buildings, townhomes, educational and religious facilities. In addition to those located in Hamilton-Lauraville, an array of shopping and dining options are located along nearby Harford and Belair Roads. Access to I-95, I-695 and Downtown Baltimore is also good.

For more information about the area, please visit:
Glenham – Belhar – livebaltimore.com
CityView Map – cityview.baltimorecity.gov
Hamilton-Lauraville Main Street – www.bmoremainstreet.com

SITE:
Irregularly shaped lot containing 12,149 square feet, or 0.279 acre, according to public tax records. Plat

The lot fronts 61′ on Winthrope Avenue. Two 10′ alleys with access to the rear of the property. Front and rear yards.

Public utilities

ZONING:
Zoned R-4 residential, vacant, formerly for 5 dwelling units

For more information about Baltimore City Zoning, please visit:
Zoning – dhcd.baltimorecity.gov

IMPROVEMENTS:
Two and One-Half Story Cottage, built in 1930, containing 2,869 square feet of living area above grade and 1,040 square feet of basement space. The building is believed to be arranged for 5 apartment units. The property is vacant, and in need of renovation.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $4,993.76, based on a full value assessment of $211,600.
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.

Onsite Bidders – A $10,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office.

Online Bidders – A 10% deposit, payable by cashier’s check or wire transfer, is required of the purchaser by 4:00 p.m. on the day of sale, 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 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 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. 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 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. 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.