Opening Bid – $25,000
Two Story, Covered Porchfront
Currently Rented for $960/Month
2826 WINCHESTER STREET
Corner Oakhurst Place, Baltimore, MD 21216
Bidding Opens – Monday, August 10, 2020
THURSDAY, AUGUST 13, 2020
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.
Winchester is located in west Baltimore, two blocks east of Gwynns Falls Park. Neighborhood housing is predominantly comprised of two story townhomes, occupied by owners and tenants. The property is located between Poplar Grove Street, Bentalou Street, Baker Street and Lafayette Avenue, close to Downtown Baltimore, I-695, I-70 and I-95.
Rectangular lot – 15′ x 100′
Zoning R-6, residential
All public utilities
Two story covered porchfront brick end-of-group townhome, built in 1940, containing 1,382 square feet of living area and 675 square feet of basement space, according to public tax records. The home contains a living room, dining room, kitchen, 3 bedrooms, full bathroom, basement with bath rough-in; gas steam heat; gas water heater; replacement windows and exterior doors; roof less than five years old.
The home is currently rented for $960 per month to a Section 8 Tenant. Please complete a Waiver and Confidentiality Agreement form to view the lease and lead registration certificate.
Published annual real estate taxes are $780, 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: Assessment Appeal Process.
The property is sold free and clear, subject to an annual $96 ground rent. Baltimore City Deed Book 10388, Page 171.
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 within 24 hours of bid closing at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the existing lease and rights of the tenant in possession. Security deposit, if any, will be transferred at settlement. 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.