"Forest Park" Near Lake Ashburton Traditional Home with Brick 2-Car Garage Zoned for 2 Units - Used for Assisted Living

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Listing Details

Sold Price
$104,000
Auction Date
Auction Time
2:00 PM
Auction Note
Sold Prior To The Auction
Address
3607 Fairview Avenue, Baltimore, MD, 21216
County
Baltimore City
Neighborhood
Forest Park, Near Lake Ashburton
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To Highest Bidder Above $50,000!
                         
FOREST PARK
Near Lake Ashburton

TRADITIONAL  HOME
Zoned for 2 Units
Brick 2-Car Garage

 

Currently Used for Assisted Living
$21,600 Gross Annual Rent

Sale On Premises
3607 FAIRVIEW AVENUE
Off 3300 Callaway Avenue
Baltimore, MD 21216

WEDNESDAY, OCTOBER 16, 2013
AT 2:00 P.M.


   THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE.  HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.


GENERAL INFORMATION

LOCATION & DIRECTIONS:

The home is located in the Forest Park neighborhood, just several blocks west of Hanlon Park and Baltimore’s famous Lake Ashburton.  The area surrounding the lake is known for it’s playgrounds, walking paths and picnic areas.  This well kept neighborhood is within walking distance to the MTA bus line and the Metro Subway Station.  Downtown Baltimore is just ten minutes to the southeast.

For directions from your location, visit: maps.google.com

 

SITE AREA

The lot is rectangular measuring 58' x 150', more or less.


Serviced by public water & public sewer


Fenced Yard


Brick 2-Car Garage


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Attractive aluminum sided traditional home, circa 1913, comprising 2,150 square feet (according to SDAT tax records), arranged as follows:


Exterior
Aluminum sided exterior
Screened first and second floor front porches
Covered first and second floor rear porches
Storm windows


First Floor

  • Living Room
    Photos of auction property
     
  • Dining Room with artificial fireplace
    Photos of auction property
     
  • Kitchen with 4-burner range/oven and pantry
    Photos of auction property
     
  • 2 - Bedrooms
    Photos of auction property
     
  • Full Bathroom


Second Floor

  • Living Room with artificial fireplace
    Photos of auction property
     
  • Kitchen with 4-burner range/oven and exit to a covered porch
    Photos of auction property
     
  • 3 - Bedrooms (2 with exists to porch)

     


     

  • Full Bathroom


Basement

  • Recreation Room with built-in bar area
    Photos of auction property
     
  • Laundry Room with washer and dryer
    Photos of auction property


Mechanical
Gas steam heat with modern boiler furnace
40 gallon gas fired water heater

 

INCOME POTENTIAL:

The property is currently leased for $1,800 per month or $21,600 annual on a month-to-month basis as an assisted living home.

 

ZONING

R-2, two dwelling units


For additional zoning information, please check with the Baltimore City Office of Planning and Zoning for complete potential and permitted uses for the property (410-396-4126) or visit:
http://cityservices.baltimorecity.gov/charterandcodes/Code/Art%2000%20-%20Zoning.pdf

 

REAL ESTATE TAXES

2013-2014 Annual Real Estate Taxes - $4,298 (based on a full value tax assessment of $182,100).  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 SDAT concerning the appeals process and may see the following link for helpful information:
 http://www.dat.state.md.us/sdatweb/appeal.html.

 

TITLE

The property is in fee simple and is being sold free and clear of all liens.

 

INSPECTION TIME

At 1:00 p.m. on the day of the auction only.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $7,500 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to the rights of he existing tenants and easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale 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.  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 Auctioneer.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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 BUYERS PREMIUM!

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.