REAL ESTATE AUCTION
2 - Adjoining In-Line
To Be Offered Individually and as an Entirety
Sale on Premises
Baltimore City, MD 21218
THURSDAY, NOVEMBER 15, 2012
AT 11:00 A.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.
3036-3038 Greenmount Avenue are situated in the "Abell" neighborhood of central Baltimore, about six blocks east of Johns Hopkins University. Located in the heavily traveled community commercial district, stores along Greenmount Avenue are an eclectic mix of shops, restaurants, and medical and professional offices. Abell homes are noted for their Victorian architecture. Often referred to as East Charles Village, the neighborhood is further described at the following link.
Link for Abell Neighborhood information:
For directions from your location, visit: maps.google.com
The property is comprised of two contiguous lots:
3036 Greenmount Avenue - 11'9" x 156'7"
3038 Greenmount Avenue - 16'6" x 155'3"
Zoning B-2-3, community business district
All public utilities are available
3036 has room for parking. 3038 has a 5 car rear parking lot, accessible from the rear alley, with room for expansion.
3036 Greenmount Avenue - Two Story Brick In-Line Storefront Building. According to public tax records the building was constructed circa 1920 and contains 960 square feet of gross building area. First floor contains a showroom with parquet floor, rest room and storage room. Second floor contains one large room. The building has gas forced air heat (gas line is presently disconnected).
3038 Greenmount Avenue - Two Story Brick In-Line Storefront Building. According to public tax records the building was constructed circa 1920 and contains 1,990 square feet of gross building area. First floor contains a carped bi-level showroom, rest room and utility room. Second floor has an apartment containing 3 rooms, kitchen and ceramic tile bath; separate entrance for apartment.
The building has gas forced air heat (gas line is presently disconnected), electric baseboard heat, central air conditioning and 2 electric meters.
Both buildings have roll-down security gates and front and rear entrances. Both are vacant. 3036 was rented for $650/month. 3038 was rented for $1,400/month.
Published annual real estate taxes for 2012 are:
3036 - $1,255.86
3038 - $2,136.46
The properties are sold free and clear of liens. Each building is subject to an annual $120 ground rent. Baltimore City Deed Liber 4534, folio 419.
One hour prior to auction only.
The buildings will be offered individually and as an entirety. The sale will be made in the manner producing the greater amount.
A $3,000 deposit on each building or $6,000 if sold together, 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 at the Auctioneer's office. Balance to be paid in cash at settlement, which shall take place between January 2 and 7, 2013. If payment of the 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, ground rent, all other public charges and assessments payable on an 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, 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 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. 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. Time is of the essence.
No buyer's premium.
See our Financing Page for a list of auction-oriented lenders.