REAL ESTATE AUCTION
Two Story End-Of-Group
- $1,555/Month Rent -
Sale On Premises
3624 BONVIEW AVENUE
Baltimore City, MD 21213
THURSDAY, OCTOBER 27, 2016
AT 11:35 A.M.
- Suggested Opening Bid: $30,000 -
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.
3624 Bonview Avenue is located in the Belair-Edison neighborhood in northeast Baltimore City. One of the largest neighborhoods in the City, Belair-Edison spans between Herring Run Park and Clifton Park, north of Sinclair Lane. Belair Road and Erdman Avenue offer excellent access to major commuter highways, as well as local shopping and services. Public transportation is within walking distance throughout the neighborhood. The property is only one block from Erdman Shopping Center.
For more information about Baltimore City neighborhoods, please visit:
Rectangular lot 36'3" x 99'6", more or less
Fully fenced yard
Zoning R-6, residential
Public water, sewer, gas, electricity, telephone, cable TV
Two story brick end-of-group townhome - the home was constructed in 1954, contains 1,280 square feet of living area and 640 square feet of partially finished basement space, according to public tax records. The home was updated in 2011, features vinyl clad replacement windows, hardwood floors, walk-out basement and MDE lead certificate. Arranged for 8 rooms (4-5 bedrooms) and 2 baths. Currently rented for $1,555/month on a Section 8 lease. Recently passed the annual Section 8 inspection.
In fee simple; and sold free and clear of liens.
Published annual real estate taxes are $2,599.14 based on a full value assessment of $110,133. 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:
A $2,500 deposit, payable by certified check or 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 of the auction day and time, at the Auctioneer's office. 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, ground 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. 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!