REAL ESTATE AUCTION
Featuring Live & Simulcast Online Bidding
TWO STORY BRICK
– Rented for $1,195/Month – Lead Free Cert. –
Sale on Premises
3917 SOUTHERN AVENUE
Baltimore, MD 21206
Online Bidding Opens:
FRIDAY, FEBRUARY 19, 2021
Live Onsite Auction Begins:
WEDNESDAY, FEBRUARY 24, 2021 AT 12:30 P.M.
– Starting Bid: $40,000 –
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. The auction will be open for online bidding beginning on Friday, February 19, 2021. Once the simulcast begins, both online and in-person bidders will be able to place bids on the property. The simulcast will end approximately 15 minutes after the live auction begins, at which time online bidding will close.
3917 Southern Avenue is located in the Waltherson neighborhood of northeast Baltimore City. Surrounding neighborhoods include Frankford, Moravia-Walther and Lauraville. One of the largest geographic neighborhoods in the City, Waltherson is comprised of a variety of home styles, sizes and ages. The property is conveniently located near both Belair Road and Harford Road, major thoroughfares with dining, retail and entertainment options. The nearby 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.
For more information about the area, please visit:
Waltherson – livebaltimore.com
CityView – cityview.baltimorecity.gov
Lot size – 30’6″ x 89’7″, more or less. Plat
Front and rear yards. Off-street parking potential.
All public utilities
Zoned R-5 Residential
Two story brick semi-detached porchfront home – constructed in 1950, containing 870 square feet of living area above grade and 435 square feet of partially finished basement space. The home is arranged for: a living room, dining room and kitchen, on the first floor; 2 bedrooms and bath; on the second floor; partially finished basement with additional potential bedroom and flush. Rented for $1,195/mo. to an 8+ year tenant (HABC – $583, Tenant – $612). Lead free certificate.
Please complete a Waiver and Confidentiality Agreement form to view the lease.
In fee simple; sold free and clear of liens.
Published annual real estate taxes are $1,857.32, based on a full value assessment of $78,700.
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.
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $3,000 deposit, payable by cashier’s check, will be required of the purchase 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. If the high bidder is an online purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Wednesday, February 24, 2021 at 4:30 P.M. 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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. 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.
No Buyer’s Premium!