"New Southwest - Mount Clare"

REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME

Sale On Premises
336 S. MOUNT STREET
Near Wilkens Ave.
Baltimore City, MD 21223

TUESDAY, OCTOBER 2, 2018
AT 1:15 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.

LOCATION:
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 to employment centers of both Baltimore City and Baltimore County.

SITE:
Rectangular Lot: 12′ x 79’3″, more or less

Public water and sewer

Zoned R8 – Residential

Tax ID: 0319090276053

IMPROVEMENTS:
Two story inside group townhome constructed in 1884, believed to contain 1,200 square feet of living area, 600 square feet of basement space. This property is currently being rented for $775/month. MDE lead certificate.

Exterior:
Two Story Brick with formstone facade
Flat built-up roof
Vinyl clad replacement windows
Fenced-in rear yard

First Floor:

• Living Room – laminate floor
• Dining Room – laminate floor
• Kitchen – laminate floor, gas range
• Powder Room
• Washer/dryer

Second Floor:

• Bedroom 1 – carpet
• Bedroom 2 – carpet
• Bedroom 3 – carpet
• Full Bath – laminate floor

Basement:

• Unfinished
• 40 Gallon gas water heater
• Gas furnace

ADDITIONAL INFORMATION
Please complete a Waiver and Confidentiality Agreement form to view the lease.

TAXES:
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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The property is subject to an annual ground rent of $36.00 (due 3/1 and 9/1); and sold free and clear of liens.

SUMMARY TERMS OF SALE – 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!