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REAL ESTATE AUCTION
TWO AND ONE-HALF STORY
Sale On Premises
4006 ALTO ROAD
Near Gwynns Falls Parkway
Baltimore City, MD 21216
TUESDAY, JANUARY 7, 2020
AT 11:00 A.M.
– Suggested Starting Bid: $20,000 –
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.
4006 Alto Road is located in the Windsor Hills neighborhood in west Baltimore City. Surrounding neighborhoods include Garwyn Oaks, West Forest Park and Fairmont. The Windsor Hills community consists of mainly detached homes with a variety of different styles. Residents of the area can enjoy scenic trails and the Carrie Murray Nature Center in Leakin Park. Nearby employers include the shops at Mondawmin Mall, Coppin State University and Dietz & Watson.
For more information, please see:
Lot – 50′ x 150′, more or less
Zoned R-1, Residential
All public utilities
Two and one half story detached home, built in 1925, containing 2,535 square feet of living area, according to public tax records. The home is arranged for an enclosed front porch, living room, dining room, half bathroom, kitchen, and pantry, on the first floor; three bedrooms and one bathroom, on the second floor; attic; basement. Gutted and ready for renovation.
Subject to an annual $120 ground rent; sold free and clear of liens.
Published annual real estate taxes are $4,396.68, based on a full value assessment of $186,300. 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:
– PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, payable by certified check or 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 charged to the final bid price.