$50,000 Opening Bid
Two Story Porchfront
1028 PARKSLEY AVENUE
Baltimore, MD 21223
MONDAY, MAY 31, 2021
WEDNESDAY, JUNE 2, 2021
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.
1028 Parksley Avenue is located in the Wilhelm Park neighborhood of southwest Baltimore, an enclave of brick townhomes situated south of Wilkens Avenue and east of DeSoto Road. The neighborhood is approximately one-half mile northwest of I-95 Exit 50 (Caton Avenue), providing good highway access to the entire metropolitan area. Neighborhood homes are generally well maintained and are both tenant and owner-occupied. Public transportation, shopping, schools and public services are within close proximity. The neighborhood is convenient to Carroll Park and Downtown, via Wilkens Avenue or Washington Boulevard.
Rectangular lot 14′ x 120′. Plat
Zoning R-6, residential
Fenced rear yard with one-car parking pad
Two story inside-group brick townhome, built in 1951, containing 840 square feet of living area and 420 square feet of basement space, according to public tax records. The home has a concrete block foundation, built-up roof and double-hung replacement windows.
Mechanical – gas forced air heat, central air conditioning, 100 amp. electrical service, gas water heater.
The house is currently rented for $900/month, on a month-to-month basis. The tenant has lived in the property for approximately 10 years. The home is MDE Lead Registered.
The property is sold free and clear of liens, subject to an annual $84 ground rent. Baltimore City Deed Book FMC 12483, Page 380.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of auction, 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. All adjustments, including taxes, rent, 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 settlement and assumed thereafter by the purchaser. 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. 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 5% buyer’s premium will be added to the final bid price.