"Homeland"

Two Story Brick Colonial Home
3 Bedrooms, 3 Baths, Garage
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Listing Details

Sold Price
$260,000
Auction Date
Auction Time
2:00 PM
Address
5498 Springlake Way, Baltimore, MD, 21212
County
Baltimore City
Neighborhood
Homeland
Inspection
The property is available by appointment, email info@ajbillig.com or call 410-296-8440.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Buy It Now: $260,000

HOMELAND

Two Story Brick
COLONIAL HOME
3 Bedrooms ◆ 3 Baths ◆ Garage

Sale On Premises
5498 SPRINGLAKE WAY
At Northern Parkway
Baltimore, MD 21212

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:
5498 Springlake Way is located in the Homeland neighborhood of northern Baltimore City. LiveBaltimore.com description of Homeland:

"The neighborhood currently known as Homeland can be traced to a tract of land called "Job's Addition" surveyed by Job Evans in 1695. Further land was added in 1778. David Maulden Perine purchased the original property and added to it, so that by 1875 it finally reached its present size. One of the original planned communities in the U.S., Homeland was developed by the Roland Park Homeland Company who purchased the 391 acre parcel, then know as the Perine Estate of Homeland, in 1924 for the sum of $1,000,000. The advantages of the location of the property included the fact that its highest point sat more than 400 feet above sea level, thus making it one of the more elevated sections of Baltimore. Additionally, the rolling terrain (and subsequent naming of the streets) evoked the English flavor the Company wished to portray. The new development of Homeland was advertised in the Sunday Sun in 1924, with the sale opening at 8:00 a.m. on Sunday, 11th October 1924. At that time everything was still in the paper stage. Despite that, at the end of the first day, 89 lots had been sold. At the termination of the sale 16 days later, the number rose to 248. The first house approved by the Company was in 1924, built in 1925 - 5108 Springlake Way. In 2001, Homeland was entered into the National Register of Historic Places. Not only does this acknowledge Homeland as a premier example of American suburban development, it provides residents with tax credits to restore their homes with historically appropriate materials."

The home is near the Roland Park Elementary/Middle School, one of Baltimore City's finest public schools.  Some of the City's best private schools are also in the immediate area.  Homeland is convenient to shopping, public transportation and employment centers.  Neighborhood homes appear extremely well maintained.

Neighborhood links:

Roland Park Elementary/Middle School
http://www.baltimorecityschools.org/site/Default.aspx?PageID=8019

LiveBaltimore.com
www.livebaltimore.com

Wikipedia
http://en.wikipedia.org/wiki/Homeland,_Baltimore

HOMEOWNERS ASSOCIATION:
Homeland Association
http://www.homelandassociation.org

To download the homeowners association governing documents, visit: Homeland Association's Document web page.

SITE:
66' x 165' (irregular) comprising approximately 0.18 acre
Landscaped fenced yard with mature trees
Rear entry from Churchwardens Road provides access to garage and concrete parking pad
Lot is elevated above street level
All public utilities are in the site
Zoning R-1, residential

IMPROVEMENTS:
Two Story Covered Porchfront Colonial Home - according to public tax records, the home was built in 1949, contains 1,500 square feet of basement area and 744 square feet of basement space.

Exterior
All brick construction
Slate roof
Wood double-hung windows with storm sash
Brick one-car semi-detached garage

First Floor

  • Living Room (14' x 19' ) - wood floor, built-in wall unit, wood burning fireplace

     

     

  • Dining Room (15' x 11') - wood floor, bow window
    springlake5498 dining
  • New Kitchen (10' x 9') - ceramic tile floor, wood cabinets, granite counters, new Frigidare stainless steel gas range/oven, microwave, dishwasher, refrigerator/freezer, and pantry

     

     

Second Floor

  • Master Bedroom (14' x 11') - wood floor, double closet and single closet
    springlake5498 mabed
  • En-Suite Master Bath - ceramic tile floor and shower stall
    springlake5498 mabath
  • Bedroom #2 (11' x 12') - wood floor, ceiling fan, closet organizer
    springlake5498 bed2
  • Bedroom #3 (10' x 9') - wood floor
    springlake5498 bed3
  • Full Hall Bath - ceramic tile
    springlake5498 bath1

Lower Level

  • Family Room (12' x 21') - new carpeting, drywall
    springlake5498 familyrm
  • New Bathroom - ceramic tile floor and shower stall
    springlake5498 bath bsmt
  • Laundry Room - sealed tile floor, washer and dryer
    springlake5498 laundry
  • Utility/Storage Room
    springlake5498 utility

Mechanical
Oil forced air heat
Central air conditioning
100-ampere electric service
Gas, 40-gallon water heater

The home features crown mouldings, wainscoting, has been freshly painted and the floors refinished.  The auction presents an opportunity to purchase a single family home in one of Baltimore's most prestigious neighborhoods at a townhouse price!

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore City deed book 16836, page 459.

TAXES:
Published annual real estate taxes for 2015 are $8,614.78, based on the full value assessment of $377,500.  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://www.dat.state.md.us/sdatweb/appeal.html

TERMS OF SALE:
A 10% deposit, payable by cashier's check, will be required of the purchaser at time and place of sale.  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 sale to date of settlement.  All adjustments, including taxes, 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 sale and assumed thereafter by the purchaser.  The property will be sold in "AS IS" condition, subject to the Declaration and Bylaws of the Homeland Association, and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser assumes the risk of loss from the date of sale forward.  The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law and any right of rescission under the Maryland Homeowners Association Act.   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