"Ridgely's Delight"

 REAL ESTATE AUCTION 

$150,000 Suggested Opening Bid

THREE STORY TOWNHOME
4 Bedrooms ✦ 2 Baths

Sale On Premises
634 PORTLAND STREET
Near Emory Street
Baltimore City, MD 21230

THURSDAY, MAY 16, 2019
AT 2:00 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.

LOCATION:
634 Portland Street is located in the Ridgely’s Delight neighborhood in Baltimore City. Ridgely’s Delight is an historic neighborhood, characterized by historic architecture and a convenient location to major employment and visitor hubs in Baltimore City. The University of Maryland, Baltimore campus is one block north, and is well-known for the University of Maryland Medical Center, R. Adams Cowley Shock Trauma Center, Law School, School of Social Work and much more. Campus staff and students comprise a significant portion of neighborhood residents. Oriole Park at Camden Yards is approximately 3 blocks southeast, and the Babe Ruth Birthplace and Museum along Emory Street one-half block east. Additional attractions in the neighborhood include the Baltimore City Convention Center (4 bocks east), Royal Farms Arena (5 blocks northeast) and the Baltimore Inner Harbor (6 blocks east). The Camden MARC and Lightrail station is one-half mile southeast.

For more information, please see:
https://livebaltimore.com/neighborhoods/ridgelys-delight/
https://www.umaryland.edu/
http://cityview.baltimorecity.gov/

SITE:
Rectangular lot – 15′ x 70′, more or less

Fenced rear yard

All public utilities

IMPROVEMENTS:
Three story inside-group brick townhome – constructed in 1900, and containing 1,545 square feet of living area and 465 square feet of basement space, according to public tax records. The home features updated wood windows, updated kitchen with stainless steel appliances and granite countertops, forced air heat, CAC, 4 bedrooms and 2 full baths.

EXTERIOR:

• Brick exterior
• Flat built up roof
• Vinyl replacement windows
• Flat back patio

INTERIOR:

First floor:

• Kitchen – wood
• Dining room – wood
• Living room – carpet

Second floor:

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

Third floor:

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

Basement

• Unfinished
• Washer/dryer hook up

TITLE:
$35.62 annual ground rent (due in semi-annual installments on 1/1 & 7/1); sold free and clear of all liens

TAXES:
Published annual real estate taxes are $5,100.74, based on a full value assessment of $216,133.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $15,000 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 on or before Tuesday, July 3, 2019. 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, including but not limited to the environmental condition thereof. 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