"Perring Loch - One Block From Morgan State University"

REAL ESTATE AUCTION 

 Two Story 
BRICK TOWNHOME 
3 Bedrooms ◆ 2 Baths ◆ Large Yard 

Sale On Premises 
2026 HILLENWOOD ROAD 
Off Willowton Avenue 
Baltimore City, MD 21239 

THURSDAY, JUNE 28, 2018 
AT 11:00 A.M. 

– SUGGESTED OPENING BID: $50,000 – 

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:
2026 Hillenwood Road is located in the Perring Loch Neighborhood in northeast Baltimore City. As the name indicates, Perring Loch is bound by Perring Parkway and Loch Raven Boulevard to the east and west, respectively. Chinquapin Park is at the southern end of the neighborhood. Morgan State University is within one block of the home. Mount Pleasant Golf Course, Mount Pleasant Woods Park and James Wellington Park are all within close proximity. Good Samaritan Hospital is less than one mile to the west. Loch Raven Boulevard, Perring Parkway and Hillen Road all provide very proximate access to major employers and retail centers throughout the area.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/
https://livebaltimore.com/city-living-essentials/education-family/

SITE:
Irregularly shaped lot comprising 3,395 square feet, more or less

20′ front, depths of 171’1″ & 167’6.875″, and 20’4.5″ rear

Large rear yard – suitable for adding a parking pad (previous occupants parked on the grass)

All public utilities

Zoned: R-5 Residential, single family

IMPROVEMENTS:
Two story brick inside-group townhome – the home was constructed in 1951, contains 1,280 square feet of living area and 640 square feet of basement space, according to public tax records.

Exterior
Brick exterior
Front porch
Slate roof, asphalt shingle porch roof
Vinyl-clad replacement windows
Aluminum down spouts and rain gutters

Interior
First floor –

• Living room – carpet over hardwood
• Dining room – carpet over hardwood
• Kitchen – laminate floor, walk-out to large rear yard

Second floor –

• Bedroom – wood floor
• Bedroom 2 – carpet over wood floor
• Bedroom 3 – wood floor
• Full ceramic tile bath
• Walk-up attic – suitable for finishing into playroom, office or potential bedroom

Basement & mechanical –

• Unfinished
• Full bathroom
• Walk-up access to rear yard
• Gas forced air heat
• 40 gallon gas fired water heater
• 100 amp. electric

TAXES:
Current annual real estate taxes are $1,965.88 based on a full value assessment of $83,300. 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

TITLE:
Subject to an annual $96 ground rent (due in semi-annual installments on 6/1 & 12/1); and will be sold free and clear of liens

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 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, 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 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 to be added to the bid price.