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To The Highest Bidder Over $5,000
THREE STORY BRICK
335 S. GILMOR STREET
Near Wilkens Avenue
Baltimore City, MD 21223
TUESDAY, APRIL 19, 2022
THURSDAY, APRIL 21, 2022
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.
335 S. Gilmor Street is located in the New Southwest – Mount Clare neighborhood in southwest Baltimore City. Carroll Park binds the south side of the neighborhood, with Pigtown to the east, Carrollton Ridge west and Union Square north. Mount Clare Junction is approximately 3 blocks east, with a grocery store, bank, retail shopping, government offices and other services. The B & O Railroad Museum is also nearby. Access to major highways and employment centers is good, with I-95, I-395, I-295 and Downtown Baltimore all within approximately 1 mile. Surrounding properties are comprised predominantly of brick rowhomes.
Rectangular lot – 14′ x 75′, more or less. Plat
All public utilities
Zoned R-8 Residential
Three story brick inside-group townhome. The home was constructed in 1913, according to tax records, and contains approximately 1,800 square feet of living area. The home is believed to contain 4 bedrooms and 2 bathrooms as well as living room, dining room and kitchen. The home is in need of a full renovation.
Published annual real estate taxes are $141.60, based on a full value assessment of $6,000.
In fee simple; sold free and clear of liens.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of the auction 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 Property will be sold subject to Baltimore City violation notices, if any. 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 or $1,500, whichever is greater, will be added to the final bid price.