"West Baltimore - Winchester"

REAL ESTATE AUCTION

“Winchester”

Two Story Porchfront
BRICK TOWNHOME

Sale On Premises
1138 N. LONGWOOD STREET
Baltimore City, MD 21216

FRIDAY, JANUARY 26, 2018
AT 2:00 P.M.

– Suggested Opening Bid: $5,000 –

      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:
1138 N. Longwood Street is located in the Winchester neighborhood in west Baltimore City. Surrounding neighborhoods include Rosemont, Mosher, Bridgeview-Greenlawn and Northwest Community Action. Coppin State University is a short distance to the northeast. Nearby US-40 (Edmondson Avenue/W. Franklin Street) and Hilton Parkway provide good commuter access to major employment centers in Baltimore City and the nearby area. I-70 is also easily accessible via N. Franklintown Road. Surrounding properties are comprised predominantly of brick townhomes.

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

SITE:
Rectangular lot: 14′ x 110′, more or less

Fenced rear yard

Rear parking potential

Zoning R-6, Residential

Public utilities

IMPROVEMENT DESCRIPTION:
Two story covered porchfront brick townhome – according to public tax records, the home was constructed in 1918, contains 1,480 square feet of living area and 620 square feet of basement space. The home features vinyl replacement windows, radiant heat, 40 gal. gas hot water heater and is arranged for living room, dining room, kitchen, and bonus/utility room on the first floor; 4 bedrooms and full bath on the second floor; full unfinished basement.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $1,437.24, based on a full value assessment of $60,900. 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

TITLE:
Subject to an annual $108 ground rent, due in semi-annual installments on 3/3 and 9/3; and is being sold free and clear of all liens.

TERMS OF SALE:
A $2,500 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 2:00 P.M., Monday, January 29, 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 8% 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, 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. 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 4% buyer’s premium will be added to the final bid price.