ONLINE REAL ESTATE AUCTION
Combined Rent of $1,730/Month
4112 & 4114
Off Reisterstown Road
Baltimore City, MD 21215
MONDAY, AUGUST 9, 2021
THURSDAY, AUGUST 12, 2021 AT 12:00 P.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.
4112 and 4114 Hayward Avenue are located in the Woodmere neighborhood of northwest Baltimore City. Surrounding neighborhoods include Central Park Heights, Arlington and Langston Hughes. The homes are located off Reisterstown Road, a major roadway in northwest Baltimore, providing dining, retail and entertainment options. Commuters can take advantage of Reisterstown Road (0.25 mile) for north/south travel and Northern Parkway (0.5 mile) for east/west travel. Within 2 miles of the homes is Cylburn Arboretum, where visitors can enjoy an escape of city life by walking through the 200 acre urban oasis lined with hundreds of specimen trees, plant collections, gardens and wooded trails. Nearby employers in the area include Sinai Hospital and Loyola University.
For more information, please see:
Neighborhoods – livebaltimore.com
All public utilities
Fenced rear yards
Two adjoining rental homes, built in 1920, each containing 1,008 square feet of living area and 504 square feet of basement space, according to public tax records. Each home contains living room, dining room, kitchen, on first floor; three bedrooms and bath, on second floor; unfinished basement.
4112 Hayward Avenue is rented for $880 to a month-to-month tenant. The property is LEAD SAFE. MDE lead inspection certificate
4114 Hayward Avenue is rented for $850. The property is LEAD FREE. MDE lead inspection certificate.
Both tenants are current.
Please complete a Waiver and Confidentiality Agreement form to view the leases.
4112 Hayward Avenue:
$96 ground rent payable in semi-annual installments on 1/29 and 6/29; sold free and clear of liens.
4114 Hayward Avenue:
$96 ground rent payable in semi-annual installments on 5/24 and 11/24; sold free and clear of liens.
|4112 Hayward Avenue||$590||$25,000|
|4114 Hayward Avenue||$1,810.12||$76,700|
MANNER OF SALE:
Both 4112 and 4114 Hayward Avenue will be offered individually and the bids reserved. Then, both properties will be offered as an entirety. The sale will be made in the manner producing the greater amount.
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACTS FOR THE COMPLETE TERMS OF SALE:
A $3,000 deposit per property ($6,000 if sold as an entirety), or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Thursday, August 12, 2021 at 4:00 P.M. 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, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, 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. A 5% buyer’s premium will be added to the final bid price.