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Live & Online Simulcast Bidding
$50,000 Opening Bid
“Glenham – Belhar”
Two Story, End-of-Group
3 Bedrooms ◆ 1.5 Baths
4130 MARY AVENUE
Off 5800 Belair Road (US-1)
Baltimore, MD 21206
Online Bidding Opens
MONDAY, JULY 4, 2022
Live Onsite Auction
THURSDAY, JULY 7, 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.
The property is located in the Glenham-Belhar neighborhood of northeast Baltimore, a well established community of detached homes and townhomes, situated between the business corridors of Harford and Belair Roads. The neighborhood is convenient to public transportation, shopping, dining, community services and employment centers.
Rectangular lot – 30’7″ x 90′. Plat
Zoning R-6, residential
Two-car concrete parking pad
Two Story End-of-Group Townhome, built in 1940, containing 1,202 square feet of living area and 538 square feet of basement space, according to public tax records.
Exterior – brick construction, stone foundation, vinyl-clad double-hung windows, composition shingle roof
Interior – plaster walls, carpeting over wood floors
Mechanical – oil hot water heat with radiators, window air conditioner, 40-gallon gas water heater, 100-amp. electric
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 394, Page 116.
Published annual real estate taxes are $2,731, based on a full value assessment of $116,767.
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.
Live Auction Bidders – A $10,000 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.
Online Auction Bidders – A 10% deposit, payable by cashier’s check or wire transfer is due by 4:00 p.m. on the day of auction.
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, 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. A 5% buyer’s premium will be added to the final bid price.