"Waltherson"

Louis J. Weinkam, Jr., Attorney
1002 Frederick Road
Catonsville, MD 21228

ESTATE SALE
– $45,000 Suggested Opening Bid –

SEMI-DETACHED HOME
3 Bedrooms ✦ 2 Baths ✦ Garage

Sale On Premises
3518 AILSA AVENUE
Off Walther Avenue
Baltimore City, MD 21214

FRIDAY, JUNE 7, 2019
AT 11:00 A.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:
3518 Ailsa Avenue is located in the Waltherson neighborhood in Northeast Baltimore. Surrounding neighborhoods include Lauraville, Hamilton Hills, Glenham-Belhar and Frankford. The property sits approximately one-half mile from Harford Road, which is the heart of the Hamilton – Lauraville Main Street Corridor. The Hamilton – Lauraville Main Street Corridor is home to a number of Baltimore’s best known businesses, including Koco’s Pub, Zeke’s Coffee and the Silver Queen Café. The Hamilton – Lauraville Main Street Association sponsors a number of events throughout the year, including the Hamilton Street Festival, First Fridays, Student Art Show and Downhill Derby. Morgan State University is within approximately 1.5 miles. Downtown Baltimore, I-95 and I-895 are all easily accessible from the area.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/waltherson/
http://cityview.baltimorecity.gov/

SITE:
Rectangular lot -28’4″ x 93’6″

Front yard and fenced rear yard

Concrete parking pad for one vehicle in front of under-home garage

All public utilities

IMPROVEMENTS:
Two story brick semi-detached home with under-home garage – constructed in 1947, containing 1,520 square feet of living area and 800 square feet of basement space, according to public tax records. The home is arranged for a living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; partially finished basement with club room or potential fourth bedroom, full bath and utility area. Needs full renovation.

TITLE:
In fee simple; sold free and clear of all liens

TAXES:
Published annual real estate taxes are $3,464.48 based on a full value assessment of $146,800. 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

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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 by 11:00 A.M., Monday, June 10, 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.

No Buyer’s Premium!