Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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Holloway & Sullivan, LLC, Solicitors
One North Charles Street – Suite 2525
Baltimore, MD 21201
GUARDIAN’S SALE
ONE BEDROOM
CONDOMINIUM UNIT
&
DEEDED
PARKING SPACE
Sale On Premises
4401 ROLAND AVENUE
UNITS #311 & P7
Baltimore City, MD 21210
WEDNESDAY, DECEMBER 5, 2018
AT 11:00 A.M.
– Suggested Opening Bid: $30,000 –
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:
The Roland Heights Condominium is located in the Keswick neighborhood in the Roland Park area of North Baltimore. In addition to Roland Park and Keswick, the property is near the neighborhoods of Evergreen, Guilford, Hoes Heights, Hampden and Loyola University of Maryland campus. The building is situated at the corner of Roland Avenue and E. Cold Spring Lane, providing good commuter access to I-83 (Jones Falls Expressway), University Parkway and Charles Street, making the location ideal for those traveling to Downtown Baltimore, Towson and many of the surrounding universities and colleges, including Johns Hopkins, Notre Dame College of Maryland, Towson University, Morgan State University and the aforementioned Loyola University. Shopping and dining are located along Cold Spring Lane, Roland Avenue and Falls Road, in addition to the commercial corridors in Hampden and Mount Washington.
BUILDING:
The Roland Heights Condominium comprises a 6 story building believed to be constructed in 1988. The building features a secured entry, in-building garage for space owners, ample surface parking for residents and guests, elevators, pool, community space and mature landscaping with gazebo. The building contains 84 residential units, and 24 separately owned and taxed parking spaces.
UNIT 311:
Third floor unit containing 900 square feet of living area. Plat
UNIT P7:
Under building garage parking space. Plat
CONDOMINIUM FEE:
The condominium fee is $447.01/month. Condominium Resale Package.
TAXES:
Published annual real estate taxes are :
Unit 311: $2,242.00 based on a full value assessment of $95,000
Unit P7: 127.44 based on a full value assessment of $5,400
Total: $2,369.44
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
MANNER OF SALE:
Units 311 and P7 will be sold as an entirety only.
TERMS OF SALE:
A $5,000 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. 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, condominium fees, 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, and subject to the Declaration and Bylaws of Roland Heights Condominium. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of rescission under Maryland Condominium Law, having received and reviewed the Condominium Resale Package. 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!
Sale by Order of:
Terry K. Sullivan, Guardian
Of the Property of Eduardo Garber
