ONLINE REAL ESTATE AUCTION
2813 WOODBROOK AVENUE
Off Ruskin Avenue
Baltimore City, MD 21217
MONDAY, JANUARY 17, 2022
THURSDAY, JANUARY 20, 2022 AT 11:00 A.M.
– 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.
2813 Woodbrook Avenue is located in the Parkview/Woodbrook neighborhood of West Baltimore City. Surrounding neighborhoods include Liberty Square, Mondawmin and Park Circle. The Parkview/Woodbrook neighborhood is a vibrant and diverse community located in front of the newly redesigned Druid Hill Park. The 745 acre park offers several attractions including the Baltimore Zoo, Druid Lake and several ball fields, playgrounds and a disc golf course. Commuters have convenient access to major thoroughfares including Fulton Avenue and I-83 for north/south travel and North Avenue for east/west travel. Public transportation, including bus and metro, are within a half mile of the home. Major employers in the area include Coppin State University, the shops at Mondawmin Mall and Dietz & Watson.
For more information, please see:
Parkview-Woodbrook – livebaltimore.com
Lot – 13’4″ x 72’6″, more or less. Plat
All public utilities
Zoned R-8, Residential
Two story inside group shell townhome. According to public tax records, the property was constructed in 1920 and contains 1,220 square feet of living area and 610 square feet of basement space. The property has substantial fire damage and needs a complete renovation.
$75 ground rent payable in semi-annual installments on 6/1 and 12/1; sold free and clear of liens. Baltimore City Deed Book Liber MB 23070, Folio 65.
Published annual real estate taxes are $741.04, based on a full value assessment of $31,400. 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.
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 P.M. on Thursday, January 20, 2022 (the bid closing). 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 and 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. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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.