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Holloway & Sullivan, LLC
7 St. Paul Street, Suite 625
Baltimore, MD 21202
$75,000 Suggested Opening Bid
Sale On Premises
3002 CRESMONT AVENUE
Off W. 31st Street
Baltimore City, MD 21211
TUESDAY, JANUARY 7, 2020
AT 1:00 P.M.
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.
3002 Cresmont Avenue is located in the Remington neighborhood in North Baltimore. Johns Hopkins University is located one block north. Wyman Park and Wyman Park Dell are each located about two blocks away, to the west and east, respectively. Paper Moon Diner, R. House and a number of other notable Remington establishments are also within a couple of blocks. Additional options for dining, shopping and entertainment abound in Remington and the surrounding neighborhoods of Charles Village, Hampden, Wyman Park, Old Goucher College and the Station North Arts and Entertainment district. Access to I-83 (Jones Falls Expressway) is very proximate via W. 29th Street, providing excellent access to Downtown Baltimore, Towson and the surrounding area.
Rectangular lot – 20′ x 92’5″, more or less
Front and rear yards
Off-street parking potential for one or more vehicles
All public utilities
Zoning R-6 Residential
Two story inside-group brick covered porchfront townhome – constructed in 1925, containing 1,200 square feet of living area and 600 square feet of basement space. The home features a walk-out basement at grade in the rear, and a rear yard suitable for use as an off-street parking pad. Exterior features include a covered front porch, wood windows and a terra cotta roof fascia. Interior features include wood floors, full pantry and additional architectural details. The home is arranged for a living room, dining room, kitchen with walk-in pantry and walk-out to rear porch, on the first floor; three bedrooms, one with walk-out to rear screened porch, and full ceramic tile bath; on the second floor; full height basement with walk-out at grade in the rear, containing a club room, utility room, flush and additional storage; gas boiler; gas water heater. Needs full renovation.
In fee simple; sold free and clear of all liens
Published annual real estate taxes are $3,872.76, based on a full value assessment of $164,100.
Please refer to the contract of sale for complete terms and conditions. A $7,500 deposit, payable by 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, 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 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. 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. 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.
Sale by Order of the Estates of Mary Archambault
& Geoffrey (A/K/A Jeffrey) Archambault,
by: J. Michael Holloway, Esq., Personal Representative