"Northwest Baltimore - Greenspring Neighborhood"

This Auction has been CANCELED.
Sold Prior To The Auction.

$25,000 Opening Bid

TWO UNIT
PORCHFRONT TOWNHOME

KNOWN AS
2603 PARK HEIGHTS TERRACE
Baltimore City, Maryland 21215

– CANCELED –

BIDDING OPENS:
MONDAY, MARCH 14, 2022

BIDDING CLOSES:
TUESDAY, MARCH 15, 2022
AT 12:30 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:
2603 Park Heights Terrace is located in the Greenspring neighborhood in Northwest Baltimore. Surrounding neighborhoods include Central Park Heights, Parklane and Woodberry. Greenspring is bound by W. Cold Spring Lane, Pimlico Road, Park Heights Avenue, Springhill Avenue and Greenspring Avenue. Nearby properties are comprised predominantly of brick townhomes.

Well known employers in the area include Sinai Hospital, Pimlico Race Course and Kennedy Krieger. TV Hill is situated a short distance to the southeast, and Downtown Baltimore is approximately 3 miles south. Public transportation options in the area include Metro train service, Light Rail and bus service along many of the aforementioned roads. Other attractions in the area include the Maryland Zoo in Baltimore, Druid Hill Park and the Cylburn Arboretum.

For more information about the area, please visit:
CityView Map – cityview.baltimorecity.gov
Neighborhoods – livebaltimore.com

SITE:
Lot size – 20′ x 100′, more or less, according to public tax records. Plat

12′ rear alley access

Zoned R-6 Residential, 2 Dwelling Units

IMPROVEMENTS:
Two story brick inside-group covered porchfront townhome – constructed in 1920, containing 1,400 square feet of living area above grade and 630 square feet of basement space, according to public tax records. The home is arranged as a first floor one bedroom unit with basement access and a two bedroom unit on the second floor. The home has two gas meters and one electric meter. The home requires renovation. MDE Lead Inspection Certificate

TITLE:
$90 annual ground rent, due in semi-annual installments on 5/1 and 11/1; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $778.80, based on a full value assessment of $33,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4:00 P.M. on the day of the 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, 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 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 will be added to the final bid price.