701 Pontiac Ave, Baltimore, MD 21225
In the heart of Brooklyn, this EOG (End Of Group townhouse) awaits your renovation.
This is a great area to rehab or hold and BRRRR as a rental!
This one is an approved short sale, and needs to settle before 10/31/2024 as “An Assignment Of LLC”. This is a brand new LLC and is a straight forward process with the title company. This property will also need to settle with “an exception to the owner’s title policy” due to a $9,000 lien that will expire 2/2025. As long as a second sale occurs after this date, there will be no repercussions or costs incurred. I am happy to discuss these details with you.
🏡 Key Details:
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3 beds / 1 bath / 1,080 sqft above ground
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Partially finished basement (some known water intrusion)
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Vacant with lockbox
ARV: $205,000
Price: $75,500
BUY IT NOW: $75,500
(Buy It Now offers accepted for 2 hours following VIP text. If 2+ Buy It Now Offers are received, we will kindly ask for best and final only from these buyers)
Closing on or before 10/25/2024 at RESE Title. Cash or hard money only.
Submit Offer Here
COMPS: https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=46090428511
Buy It Now Guidelines
Our “Buy It Now” program is only accessible for VIP buyers.
Please review the following guidelines to understand how the program works:
1. Exclusive Access
- The “Buy It Now” program is available for a short window exclusively to VIP buyers. This is a unique opportunity to purchase properties at a discounted price before they are opened to the broader market.
2. Property Access
- During the “Buy It Now” window, there will be no access to the property. However, we provide full pictures and walkthrough videos to assist you in assessing the property.
- Any specific notes on the condition will be shared, and if there are known latent defects, we will highlight those for transparency.
- We encourage you to reach out with any questions regarding the property’s condition.
3. Limited Time Opportunity
- This is a brief and exclusive window for purchasing. Once the program opens, interested buyers must act quickly, as the buying process will close at the advised time.
4. Offer Process
- The “Buy It Now” price will secure the deal unless we receive two or more offers. In the event that we receive multiple Buy It Now offers, we will kindly request the buyers to submit their best and final offers.
5. Post-Window Access
- After the “Buy It Now” window closes, the property will be made available to our entire buyers list via email.
- A one-time showing will be organized for all buyers interested in the property.
6. Final Selection
- After the showing, we will select the best and highest offer for the property.
7. Offer Acceptance
- Buy It Now offers will be accepted for 3 hours following the VIP text notification.
- If 2 or more offers are received, we will request best and final offers only from those buyers.
8. Closing Details
- The closing date will be set for on or before 10/25/2024 at RESE Title.
- The preferred payment method is cash or hard money. Cash offers are always preferred for a smoother transaction.