Frank G. Lidinsky, P.A., Attorneys
8600 LaSalle Road, Suite 320
Towson, MD 21286
ONLINE ESTATE AUCTION
$150,000 Opening Bid
TWO STORY BUNGALOW
Arranged for 2 Units ✦ Detached Garage
805 CEDARCROFT ROAD
Baltimore City, MD 21212
FRIDAY, AUGUST 28, 2020
TUESDAY, SEPTEMBER 1, 2020 AT 1:00 P.M.
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.
805 Cedarcroft Road is located in the Lake Walker neighborhood in North Baltimore. Adjoining the Baltimore County line, Lake Walker runs from Walker Avenue on the north down to Lake Avenue, and from York Road to Chinquapin Run. Surrounding neighborhoods include Cedarcroft, Evesham Park, Glen Oaks and Anneslie (Baltimore County). The neighborhood is comprised of a variety of home styles, with most surrounding houses comprising bungalows, cottages and cape cods constructed in the first half of the 20th century. Several major universities are in close proximity, including Loyola University Maryland, Morgan State University, Notre Dame of Maryland University and Towson University. Other substantial employers are also nearby, including Good Samaritan Hospital, St. Joseph Medical Center and GBMC. Nearby York Road provides ample options for groceries, shopping and dining.
Lot size - 49' x 146', comprising 7,154 square feet or 0.164 acre, more or less
Detached 2 car garage - shake shingle, asphalt shingle roof, overhead door and side entrance
Partially fenced rear yard
Mature landscaping with landscape structures
All public utilities
R-3 residential, single family
For more information, visit: Baltimore City Zoning.
Two story shake shingle bungalow with covered front porch - constructed in 1925, containing 1,748 square feet of living area and 725 square feet of basement space. The home was expanded and substantially updated in 1990, with further updates to the second floor kitchen and other spaces in more recent years. It is arranged for two dwelling units, featuring separate exterior entries, covered front and rear porches, wood floors and other architectural details.
In fee simple; sold free and clear of all liens
Published annual real estate taxes are $4,922.96, based on a full value assessment of $208,600.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $15,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier's check to be delivered to the Auctioneer's office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Wednesday, September 2, 2020 at 1:00 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract 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 contract 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. 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 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!
Sale by Order of the Estate of Carole Stolba, by:
Frank Lidinsky, Personal Representative