"Southeast Baltimore - Baltimore Highlands"

REAL ESTATE AUCTION

6 TOWNHOMES

Known As:
3614, 3617, 3706, 3710, 3711 & 3719
E. LOMBARD STREET
Baltimore City, MD 21224

Sale On Premises
THURSDAY, JULY 25, 2019
AT 1:00 P.M.

– Suggested Starting Bid: $30,000 Each –

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 properties are located in the Baltimore Highlands neighborhood in southeast Baltimore City. The surrounding area is often referred to more generally as Highlandtown. Surrounding neighborhoods include Highlandtown, Patterson Park, Kresson and Ellwood Park Monument. Brewer’s Hill and Canton are a short distance to the south. The properties are roughly one-half mile from Patterson Park, which features an array of recreational opportunities in addition to scenic paths, pond and Pagoda. Johns Hopkins Bayview is one mile east, and Johns Hopkins Hospital (main campus) is approximately 1.5 miles west. Additional employment centers are located north in the Orangeville area, and south near the port terminals, and include the Amazon Fulfillment Center. The location has great access to major highways, including I-95 and I-895, and US-40 is a short distance to the north.

For more information, please see:
https://livebaltimore.com/neighborhoods/

SITE:

All public utilities

IMPROVEMENTS:

3614 E. Lombard Street

Two story inside-group townhome arranged for two dwelling units. Constructed in 1920, containing 1,350 square feet of living area and 675 square feet of basement space.

3617 E. Lombard Street

Two story inside-group townhome contains living room, dining room, kitchen, 3 bedrooms, and bath. Constructed in 1922, containing 1,176 square feet of living area and 588 square feet of basement space.

3706 E. Lombard Street

Two story inside-group townhome contains open living/dining room, kitchen, 3 bedrooms, and bath. Constructed in 1920, containing 1,120 square feet of living area and 560 square feet of basement space.

3710 E. Lombard Street

Two story inside-group townhome contains living room, dining room, kitchen, 3 bedrooms, and bath. Constructed in 1920, containing 1,120 square feet of living area and 560 square feet of basement space.

3711 E. Lombard Street

Two story inside-group townhome contains open living/dining room, kitchen, 3 bedrooms, and bath. Constructed in 1920, containing 1,204 square feet of living area and 560 square feet of basement space.

3719 E. Lombard Street

Two story inside-group townhome contains open living/dining room, kitchen, 3 bedrooms, and bath. Constructed in 1922, containing 1,176 square feet of living area and 588 square feet of basement space.

TAXES:
Current annual real estate taxes are:

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:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:

The properties will be sold free and clear of all liens

MANNER OF SALE:
The properties will be offered separately and as an entirety, and sold in the manner producing the greatest result.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, per property, $15,000 if sold as an entirety, 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, 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 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.