"Panway/Braddish"

REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME
Backing Elgin Park

Sale On Premises
2311 POPLAR GROVE STREET
Baltimore, MD 21216

TUESDAY, OCTOBER 23, 2018
AT 12:15 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:
2311 Poplar Grove Street is located in the Panway-Braddish neighborhood in west Baltimore City. Surrounding neighborhoods include Walbrook, Hanlon-Longwood and Mondawmin. Major employers in the area include Coppin State University, a Baltimore City Schools complex and Mondawmin Mall. Commuters have access to metro and bus routes within one mile. Shopping, retail and dining are available on Liberty Heights Avenue (1 mile).

For more information about Baltimore City neighborhoods, please see:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot: 20′ x 109’3″, more or less

Backs to Elgin Park

All public utilities

IMPROVEMENTS:
Two story brick inside group townhome – according to public tax records, the house was constructed in 1938 and contains1,200 square feet of living area and 600 square feet of basement space.

EXTERIOR:

• Brick exterior construction
• Vinyl clad replacement windows
• Flat built up roof
• Aluminum down spouts and rain gutters

INTERIOR:

First Floor:

• Living room – hardwood
• Dining room – hardwood
• Kitchen – laminate floors with stainless appliances

Second Floor:

• Bedroom – carpet over hardwood
• Bedroom – carpet over hardwood
• Bedroom – carpet over hardwood
• Bathroom – carpet over ceramic tile floor, shower/tub with ceramic tile surround

Basement/Mechanical:

• Partially finished
• Bar
• Club room
• Laundry area
• Oil boiler
• 40 gallon gas water heat

TITLE:
In fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,058 based on a full value assessment of $87,200. 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 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. 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, rent, 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, covenants of record affecting same or housing violation notices, 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!