"Windsor Hills"

W. Scott Hannon, Attorney
256 S. Highland Avenue
Baltimore, MD 21224

 REAL ESTATE AUCTION 

– $10,000 Suggested Opening Bid –

7 – UNIT
APARTMENT BUILDING

Sale On Premises
4443 CLIFTON ROAD
Corner Prospect Circle
Baltimore, MD 21216

THURSDAY, JUNE 29, 2017
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:

From LiveBaltimore.com:
“Windsor Hills is a residential neighborhood of about 900 families. Located in west Baltimore City, the area features winding streets, mature trees, and homes well-spaced in a park-like setting. There is a play lot for children, an elementary school with a large grassy yard, a church, and the trail-head start of the Conservation Trail, which connects with the Gwynns Falls Trail in Leakin Park. The neighborhood combines the advantages of a serene setting with excellent access to the regional transportation system.”
https://livebaltimore.com/neighborhoods/windsor-hills

SITE:
The property is located at the southeast corner of Clifton Road and Prospect Circle. The lot is terraced, backs to City parkland and features outstanding wooded vistas.

Lot size approximately 91′ x 200′, comprising 0.57 acre.

All public utilities

Zoning R-1-D (formerly R-2), 7 apartment units since 1957.

Mature trees and shrubbery

IMPROVEMENTS:
Two Story Stucco Apartment Building with two covered front porches, basement level at grade in rear, wood double hung windows, built-up roof. The building is believed to contain 1 two-bedroom and 6 one-bedroom units, each with 1 bath, hardwood floors, and plaster walls. Each has a separate entrance and electric meter. The building has a central hot water boiler. Four units are believed to be occupied.

Additional information regarding leases, units and rents will be posted, when available. Repairs are needed.

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Liber 3289, folio 716.

TAXES:
Published annual real estate taxes are $4,876, based on a full value assessment of $210,033. 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 $5,000 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. 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, rents, 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, as well as existing leases and housing violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. The purchaser waives and releases the Seller, the Attorney, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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.

No buyer’s premium.