"Patterson Park - Highlandtown"

REAL ESTATE AUCTION

Fully Occupied
TWO STORY TOWNHOME
Arranged for 2 Self-Contained Units

– $1,375/month Rent –

Sale On Premises
106 N. HIGHLAND AVENUE
Near Esther Place
Baltimore City, MD 21224

FRIDAY, MARCH 9, 2018
AT 12:15 P.M.

– Suggested Opening Bid: $45,000 –

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:
106 N. Highland Avenue is located in the Patterson Park Neighborhood in southeast Baltimore City. The neighborhood is bound by Highlandtown, Baltimore Highlands and Patterson Park itself. Canton and Brewer’s Hill are a short distance to the south. The Patterson Park Neighborhood is a vibrant neighborhood, and has been undergoing a renaissance for the last several years. Significant commercial development, new businesses and a large number of home renovations are all happening nearby. Proximity to I-895, I-95, two Johns Hopkins Hospital complexes and other large businesses in the near vicinity offer significant commuter and employment opportunities for those residing in the neighborhood. Public transportation is also close by.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/patterson-park-neighborhood/

SITE:
Lot – 14′ x 70′, more or less

Concrete patio – off-street parking potential

All public utilities

Zoning: R-8, single family residential

IMPROVEMENTS:
Two story inside-group townhome – constructed in 1920, contains 1,414 square feet of living area and 644 square feet of partially finished basement space, according to public tax records. The property is arranged for two self-contained apartment units, featuring separate meters, two boilers, two water heaters and MDE lead certificates for both units.

Exterior
Brick construction
Stone facade
Bow window
Flat built-up roof
Vinyl-clad replacement windows
Aluminum down spouts and rain gutters

Interior
Unit 1 (first floor and basement) – Rented for $750/month

• Living room
• Kitchen
• Bedroom
• Bath
• Lower level bonus room/bedroom
• Utility area

Unit 2 (second floor) – Rented for $625/month

• Living room
• Kitchen
• Bath
• Bedroom

Mechanical
2 gas fired boilers
2 gas fired water heaters
2 electric meters

LEASE:
For a copy of the leases, please fill out a Waiver and Confidentiality Agreement, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive the confidential information via email. Requests are normally answered Monday-Friday 9 am-4 pm.

TITLE:
Sold subject to an annual $84 ground rent (unregistered); and sold free and clear of liens.

TAXES:
Annual real estate taxes are $2,047.70, based on a full value assessment of $86,767

TERMS OF SALE:
A $5,000 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 by 11:00 A.M., Monday, March 12, 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. All adjustments, including taxes, rents, 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 settlement 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 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. Time is of the essence.

No Buyer’s Premium!