ONLINE REAL ESTATE SALE
– $50,000 Starting Bid –
♢ Off- Street Parking Potential ♢
821 BROOKS LANE
Off Linden Avenue
Baltimore City, MD 21217
MONDAY, OCTOBER 19, 2020
THURSDAY, OCTOBER 22, 2020 AT 1:00 PM
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.
821 Brooks Lane is located in the Reservoir Hill neighborhood of west Baltimore City. Surrounding neighborhoods include Bolton Hill, Charles North and Remington. The neighborhood is comprised of various architectural styles including brownstones, Victorian mansions and townhomes and the traditional townhomes that are a staple in Baltimore City. The property is located just steps from Druid Hill Park. Residents can enjoy walking along the waterfront surrounded by cherry blossoms, play a game of disc golf on the course or enjoy a day at the Baltimore Zoo in Druid Hill Park. Commuters can take advantage of I-83 (0.3 mile) for north/south travel, North Avenue (0.5 mile) for east/west travel and there are various bus routes available close by. Major employers in the area include Johns Hopkins University, Loyola University and University of Maryland Medical Center.
For more information about the area, please visit:
Reservoir Hill – livebaltimore.com
Lot size: 24’7″ x 110′, more or less
All public utilities
Zoning R-7, residential
Two story inside-group townhome, constructed in 1916, containing 2,000 square feet of living area and 1,000 square feet of basement space, according to public tax records.
$120 ground rent payable in semi-annual installments on 6/28 and 12/28; sold free and clear of all liens.
Published annual real estate taxes are $1,548.16 based on a full value assessment of $65,600.
SUMMARY TERMS OF SALE (Please see the contract of sale for complete terms):
A $7,500 deposit, or 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, within 24 hours of Thursday, October 22, 2020 at 12:00 P.M. (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, 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. 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.
5% Buyer’s Premium