"Pen Lucy"

ONLINE REAL ESTATE AUCTION

TWO STORY
BRICK TOWNHOME
– Arranged for Two Units –

Known As:
3939 GREENMOUNT AVENUE
Near E. 39th Street
Baltimore City, MD 21218

BIDDING OPENS:
MONDAY, AUGUST 23, 2021

BIDDING CLOSES:
THURSDAY, AUGUST 26, 2021 AT 11:00 A.M.

– Starting Bid: $60,000 –

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:
3939 Greenmount Avenue is located in the Pen Lucy neighborhood of north Baltimore City. Surrounding neighborhoods include Waverly, Ednor Gardens – Lakeside and Original Northwood. Pen Lucy consists primarily of townhomes, with many housing styles throughout the neighborhood. Within a mile of the home are grocery stores, restaurants, retail and entertainment options for residents. For commuters, the property sits on Greenmount Avenue, for north/south travel and within a half mile of E. Cold Spring Lane, for east/west travel, with various bus routes available on both. The home’s convenient location allows for residents to be either on major highways or in plenty of greenery, all within 15 minutes. Major employers in the area include Johns Hopkins University, Loyola University and Morgan State University.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Lot – 19’9″ x 120′, more or less. Plat
Zoned R-6, single family
All public utilities
Fenced rear yard
Roof repairs done in 2021. Roof Certificate

IMPROVEMENTS:
Two story brick inside-group townhome with enclosed porch. The home, built in 1920, contains 1,280 square feet of living area and 280 square feet of basement space, according to public tax records. The home is separately metered.

EXTERIOR:

• Brick facade
• Enclosed porch
• Vinyl replacement windows
• Flat built-up roof

INTERIOR:

First floor:

• Living room – hardwood floor
• Dining room – hardwood floor
• Kitchen – tile floor with exit to rear

Second floor:

• Bedroom – carpet
• Bedroom – carpet
• Bedroom – carpet
• Bathroom – tile floor

Basement:

• Two rooms – carpet
• Full bathroom – tile floor

Mechanicals:

• Gas radiator heat
• 40 gallon gas water heater
• Two electric meters

TITLE:
$90 ground rent payable in semi-annual installments on 5/15 and 11/15; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $2,715.59, based on a full value assessment of $115,067.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A 10% deposit, 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 Thursday, August 26, 2021 at 4:00 P.M.  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, 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 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.