"Winchester"

 REAL ESTATE AUCTION 

$5,000 Suggested Opening Bid 

 Two Story, Porchfront 
BRICK TOWNHOME 

Sale On Premises 
2709 RIGGS AVENUE 
Baltimore, MD 21216 

TUESDAY, APRIL 24, 2018 
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:
2709 Riggs Avenue is located in the Winchester neighborhood of West Baltimore, north of W. Lafayette Avenue, south of Winchester Street, west of Braddish Avenue and east of Poplar Grove Street. Neighborhood housing predominantly consists of two story brick townhomes. Property is walking distance to local schools and commercial district, and an easy commute to shops and restaurants of downtown Baltimore City.

SITE:
Rectangular lot 14′ x 110′
Zoning R-6
All public utilities
Fenced rear yard

IMPROVEMENTS:
Two story inside-group porchfront townhome constructed in 1920, containing 1,288 square feet of living area and 644 square feet of basement space, according to public tax records. The home is believed to contain 3 bedrooms and bath. Interior photos and description coming soon! Previously rented to a Section 8 tenant for $1,200 per month.

Exterior:
Partial brick construction
Flat built-up roof
Covered front porch
Fenced-in rear yard

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

TAXES:
Published annual real estate taxes are $708, based on a full value assessment of $30,000. 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

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 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, 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 5% buyers premium will be added to the final bid price.