"Winston-Govans"

REAL ESTATE AUCTION

TWO STORY BRICK
PORCHFRONT TOWNHOME

Sale On Premises
739 McCABE AVENUE
Near Ivanhoe Ave.
Baltimore City, MD 21212

TUESDAY, OCTOBER 2, 2018
AT 2:30 P.M.

– SUGGESTED OPENING BID: $5,000 –

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.

LOCATION:
The property is located in the Winston-Govans neighborhood of northern Baltimore City surrounded by the Radnor Winston, Richnor Springs and Woodbourne McCabe neighborhoods. The neighborhood consists of primarily two story brick porchfront townhomes built in the 1930’s. The property sits off York Road, approximately one mile from Loyola University and two miles from Morgan State University. The neighborhood is conveniently located near local shopping and restaurants, as well as nearby public transportation, providing access to employment centers of Downtown Baltimore and Towson.

SITE:
Rectangular Lot: 21′ x 108′, more or less

Public water and sewer

Zoned R6 – Residential

Tax ID: 0327495165053

IMPROVEMENTS:
Two story inside-group brick porchfront townhome constructed in 1930, containing 1,428 square feet of living area, 714 square feet of basement space, according to public tax records.

Exterior:
Two Story Brick Porchfront
Flat built-up roof
Vinyl clad replacement windows
Fenced-in rear yard
Detached garage

First Floor:

• Living Room – laminate floor
• Dining Room – laminate floor
• Kitchen – ceramic tile floor

Second Floor:

• Bedroom 1 – carpet
• Bedroom 2 – carpet
• Bedroom 3 – carpet
• Bedroom 4 – carpet
• Full Bath – ceramic tile floor

Basement:

• Gas water heater
• Gas forced air heat
• 100 amp electrical service

TAXES:
Current annual real estate taxes are $1,644.92 based on a full value assessment of $69,700 according to public tax records. 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

TITLE:
The property is In Fee Simple; and sold free and clear of liens.

SUMMARY TERMS OF SALE – 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 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.

No Buyer’s Premium!