"New Northwood"

 REAL ESTATE AUCTION 

$40,000 Suggested Opening Bid

Two Story Porchfront
BRICK TOWNHOME

Sale On Premises
1242 WINSTON AVENUE
Off Northwood Drive, Baltimore, MD 21239

TUESDAY, APRIL 17, 2018
AT 11:00 A.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:
1242 Winston Avenue is located in the New Northwood neighborhood of north Baltimore, east of The Alameda, west of Northwood Drive, south of Woodbourne Avenue and north of Cold Spring Lane. The neighborhood is comprised of well-kept brick townhomes, some detached homes and garden apartments, most built in the 1950s. Morgan State University is within walking distance, as is shopping and public transportation. Chinquapin Run Park is two blocks east of the home.

SITE:
Rectangular lot – 19.5′ x 112.5′
Zoning R-5, residential
All public utilities
Fenced rear yard

IMPROVEMENTS:
Two story, inside-group, brick townhome, built in 1957, containing 1,248 square feet of living area and 624 square feet of basement space, according to public tax records.

Exterior
All brick construction
Gabled, composition shingle roof, aluminum rainspouts
Vinyl-clad double-hung replacement windows and security storm door
Concrete block basement foundation
Covered front porch
Open rear porch

First Floor

• Living Room – wood floor, coat closet
• Dining Room – wood floor
• Kitchen – vinyl floor, oak cabinets, laminate counter, stainless steel sink, electric range/oven, refrigerator

Second Floor

• 3 Bedrooms – carpeting over wood floors
• Full Ceramic Tile Bathroom

Basement

• Family Room – carpeting, bar
• Laundry/Utility Room – concrete floor, outside exit
• Half-Bath

Mechanical
Gas, forced air heat and central air conditioning
100 amp. electrical service
Sump pump
Gas, 40-gallon water heater

TITLE:
The property is sold free and clear of liens, subject to an annual $96 ground rent. Baltimore City Deed Book 6882, Page 112.

TAXES:
Published annual real estate taxes are $2,886, based on a full value assessment of $122,300. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A $5,000 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, 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, 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. 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.