Click 'AJ' icon to access map directions.
REAL ESTATE AUCTION
Sale On Premises
1408 RAMSAY STREET
Near S. Norris St.
Baltimore City, MD 21223
TUESDAY, OCTOBER 2, 2018
AT 1:40 P.M.
– SUGGESTED OPENING 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.
The property is located in the New Southwest/ Mount Clare neighborhood of southwest Baltimore City surrounded by the Carrollton Ridge, Union Square and Hollins Market neighborhoods. The neighborhood consists of primarily two story brick townhomes built in the late 1800’s and early1900’s. The property is 2 miles west of Baltimore’s Inner Harbor, providing access to local shopping, dinning, and entertainment options of downtown Baltimore. Located just off Wilkens Avenue, this property allows for an easy commute into employment centers of both Baltimore City and Baltimore County.
Rectangular Lot: 13’6″ x 100′, more or less
Public water and sewer
Zoned R8 – Residential
Tax ID: 0319110280031
Two story inside group townhome constructed in 1900, believed to contain 1,250 square feet of living area, 625 square feet of basement space. The property is currently being rented for $750/month. MDE lead certificate.
Two Story Brick with stone facade
Flat built-up roof
Vinyl clad replacement windows
Fenced-in rear yard
Please complete a Waiver and Confidentiality Agreement form to view the lease.
Current annual real estate taxes are $896.80 based on a full value assessment of $38,000 according to public tax records. 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:
The property is subject to an annual ground rent of $33.74 (due 6/1 and 12/1); and sold free and clear of liens.
– PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, 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. 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!