Ground Rents - Sealed Bid Auction

Submit Bids by Noon on Thursday March 17, 2016.

Listing Details

Sold Price
$6,700
Auction Date
Auction Time
12:00 PM
Scroll down for Complete Details, including: property description and Terms of Sale.

We are offering the following six annual ground rents for sale on a sealed bid basis:
 
$108.00 - 5000 CROSSWOOD AVENUE, Baltimore, MD 21214
Created 1/1/48, $54.00 every 6 months/January and July
 
$108.00 - 3122 WOODRING AVENUE, Baltimore, MD 21234
Created 7/6/51, $54.00 every 6 months/January and July
 
$90.00 - 3128 NORTHWAY DRIVE, Baltimore, MD 21234
Created 7/1/42, $45.00 every 6 months/January and July
 
$99.00 - 5115 PEMBROKE AVENUE, Baltimore, MD 21206
Created 3/27/52, $49.50 every 6 months/March and September
(Mr. Boone's last payment was 3/27/14)
 
$108.00 - 3532 E. NORTHERN PARKWAY, Baltimore, MD 21206
Created 9/16/55, $54.00 every 6 months/March and September
 
$120.00 - 3304 WOODRING AVENUE, Baltimore, MD 21234
Created 2/22/65, $60.00 every 6 months/June and December  
_______
$633.00 - TOTAL ANNUAL GROUND RENTS

 

  • All are paid by the leasehold owner.
  • We have the deed references.
  • All are registered with the Maryland SDAT.
  • All are current except, 5115 Pembroke Avenue, which has not been paid since March 27, 2014 as noted
  • Terms - 10% deposit upon bid acceptance, balance of purchase money to be paid in cash within 30 days.  All rents, taxes and expenses to be adjusted to date of settlement.  Seller shall have the right to collect all rents due and payable up until settlement.  The Purchaser shall have the right to collect any delinquent rents thereafter.  Subject to any and all agreements, restrictions, covenants and easements of record affecting same, if any.  All settlement costs, including documentary stamps, transfer taxes and deed preparation to be paid by the Purchaser.  Time is of the essence.  

If you are interested, please submit your bid by email to dan@ajbillig.com by 12:00 noon on Thursday, March 17, 2016.