"Winstons-Govans"

REAL ESTATE AUCTION

TWO STORY
PORCHFRONT TOWNHOME
~Currently rented for $900 per month~

Sale On Premises
5212 IVANHOE AVENUE
Near York Road
Baltimore City, MD 21212

THURSDAY, APRIL 4, 2019
AT 12:30 P.M.

– Suggested Starting Bid: $12,500 –

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:
5212 Ivanhoe Avenue 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 early 1900’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.

For more information, please see:
https://livebaltimore.com/neighborhoods/

SITE:
Lot – 18′ x 98’10”, more or less

Fenced rear yard

All public utilities

Zoned residential

IMPROVEMENTS:
Two story inside group brick porchfront townhome – according to public tax records, the home was constructed in 1924. The property is currently rented for $900 per month, on a month-to-month lease.

INTERIOR:

First floor:

• Living room – carpet
• Dining room – carpet
• Kitchen – laminate floor with wood cabinets

Second floor:

• Bedroom – carpet
• Bedroom – carpet
• Bedroom – carpet
• Full bathroom – laminate floor

Basement/mechanical:

• Unfinished
• Washer/dryer area with utility sink
• Central air conditioning
• Gas forced air heat
• 100 amp electric
• 40 gallon gas water heater
• Sump pump

EXTERIOR:

• Brick exterior
• Flat built-up roof
• Enclosed brick porch
• Fenced rear yard

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

TAXES:
Published annual real estate taxes are $1,364.63, based on a full value assessment of $58,100. 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

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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. All adjustments, including taxes, 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, and subject to easements, agreements, restrictions or covenants of record affecting same, if any and subject to the lease of the tenant in place. 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!