"Northeast Baltimore - North Harford Road"

 REAL ESTATE AUCTION 

– $60,000 Suggested Opening Bid –

“North Harford Road”

Two Story, Brick
SEMI-DETACHED HOME
3 Bedrooms ◆ 1.5 Baths

Sale On Premises
3508 E. NORTHERN PARKWAY
Baltimore, MD 21206

THURSDAY, NOVEMBER 29, 2018
AT 2:00 P.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:
3508 E. Northern Parkway is located in the North Harford Road neighborhood of northeast Baltimore, east of Harford Road and west of Walther Avenue. As described by LiveBaltimore.com, “North Harford Road is a large neighborhood with a suburban feel in the Northeast of Baltimore City, bordering Baltimore County. Navigating the walkable and quiet streets is easy due to the grid-like layout. Single-family homes and brick duplexes are the predominant housing styles in this neighborhood. Shopping and dining can be done in North Harford Road’s commercial district on Harford Road or the Parkville Shopping Center at the northern edge of the neighborhood.”

The neighborhood is convenient to the Baltimore Beltway (I-695), providing easy access to employment centers throughout the metropolitan area. Public bus transportation is along Northern Parkway.

SITE:
Level, rectangular lot 30′ x 115’6″
All public utilities
Zoning R3, residential
Fenced rear yard
3-car concrete driveway
Storage shed

IMPROVEMENTS:
Two story brick semi-detached townhome, built in 1955, containing 1,080 square feet of living area and 540 square feet of basement space, according to public tax records. The home has a composition shingle roof, vinyl-clad double-hung windows and full concrete block basement foundation.

First Floor

• Living Room – wood floor
• Dining Room – wood floor
• Kitchen – vinyl floor, wood cabinets, laminate counters, new gas range/oven

Second Floor

• 3 Bedrooms – wood floors
• Full Ceramic Tile Bath
• Attic with pull-down stairway

Basement

• Family Room – vinyl floor, acoustical tile ceiling, paneling, cedar closet
• Laundry Room – vinyl floor, washer, utility sink
• Flush and Shower

Mechanical – gas forced air heat, 40-gallon gas water heater, 4 window air conditioners, 100 amp. electrical service, sump pump.

TITLE:
The property is sold free and clear of liens, subject to an annual $108 ground rent. Baltimore City Deed Liber 3178, Page 292.

TAXES:
Published annual real estate taxes are $3,023, based on a full value assessment of $128,100. 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

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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.