ONLINE REAL ESTATE AUCTION
129 S. MONASTERY AVENUE
Off Old Frederick Road
Baltimore City, MD 21229
TUESDAY, JULY 19, 2022
THURSDAY, JULY 21, 2022
AT 11:30 A.M.
– Bidding Starts at: $25,000 –
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.
129 S. Monastery Avenue is located in the Saint Joseph’s neighborhood of west Baltimore City. Surrounding neighborhoods include Irvington, Gwynns Falls and Allendale. The neighborhood is comprised of primarily brick townhomes with a mix of single family homes. Commuting to and from the neighborhood is incredibly convenient with Frederick Avenue (within 0.3 mile) for east/west travel and S. Hilton Street (within 0.6 mile) for north/south travel. Public transportation routes are available on both thoroughfares. Within a mile of the home, on Edmondson Avenue, residents can find several restaurants, grocery stores, banks, libraries, as well as other retail and entertainment options. Nearby employers include Saint Agnes Hospital, Montgomery Park and the shops at Westside Shopping Center.
Rectangular lot – 14′ x 110′. Plat
All public utilities
Zoned R-6 Residential
Two story brick inside-group townhome constructed in 1925, according to public records. The home is believed to be arranged as living room, dining room, kitchen, on first floor; three bedrooms and bathroom, on second floor; unfinished basement. The home is believed to require full renovation.
Published annual real estate taxes are $1,825.86, based on a full value assessment of $77,367.
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: Assessment Appeal Process – dat.maryland.gov
Subject to an annual $96 ground rent (due in semi-annual installments on 4/10 & 10/10); sold free and clear of liens. Baltimore City Deed Book FMC 16874, Page 46.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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 Property will be sold subject to Baltimore City violation notices, if any. 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 will be added to the final bid price.