Contract List Price At Time of Contract – Sale Price Available Post-Settlement

143 Milton - $264,000 3 BR/3 BA 3 N Linwood - $279,900 2 BR / 2 .5 BA 24 S Ellwood- $199,900 2 BR/1.5 BA 124 Belnord - $219,900 2 BR/ 2 BA

Patterson Park October 2010 Kimi Aghevli & Christina Dudley, REALTORS

Just Listed Listed in September

2933 Baltimore - $125,000 2BR/2.5 BA 6 Lakewood - $228,500 2 BR/2.5 BA 123 N Kenwood - $237,600 2 BR/2 BA 17 N Decker - $236,105 2 BR/2.5 BA

Recent Sales Settled in Sept – close price minus subsidy

8 Montford - $179,220 3 BR/1 BA 219 S East - $189,900 3 BR/2 BA 111 Rochester - $199,900 2 BR/2 BA 104 Montford - $204,900 3 BR/1.5 BA 108 Bradford - $54,900 2 BR/1 BA

For more information regarding these or other real estate transactions, or to get a free comparative market analysis for your home, email or call us!

October 2010 Community cannot for long feed on itself ; i t can only flourish with the coming of others from beyond, their unknown and undiscovered brothers.

- Howard Thurman

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October 2010

Kimi Aghevli & Christina Dudley, Realtors

Upcoming Events in the Park

Cooler days, longer nights, orange leaves…Halloween is in the air! But as pumpkins start appearing on neighborhood stoops, don’t start playing tricks just yet, because there are plenty of treats in store this month.

October 3rd (Sunday) Only 4 weekends remain to climb the Patterson Park Pagoda so come on out to see spectacular views every Sunday from noon to 6 p.m.

October 16th (Saturday) Head to the NW corner of Linwood and Baltimore for the PPNA Marathon Party to cheer on the runners of Baltimore’s Running Festival! Bring food/drinks to share. Starts at 9 a.m.

October 11th (Monday) Head to St. Elizabeth’s for the monthly PPNA meeting, beginning at 7 p.m.

October 23RD (Saturday) Pick out the perfect pumpkin in the Park with Audubon! Registration required by emailing ppaudubon@gmail.com, $8 per pumpkin

October 23RD (Saturday) Keep World Cup excitement percolating through October with CityLit United! Join the spirited, statewide reading of Outcasts United: An American Town, a Refugee Team, and One Woman's Quest to Make a Difference, selected as One Maryland, One Book for 2010. Enoch Pratt E Anchor Branch, 1 p.m.

October 24th (Sunday) Patterson Park Fall Fest & ‘Mums & Pumpkins (see sidebar) on the unit block of S Linwood

October 30th (Saturday) Join the 11th year of community-made magic at the Lantern Parade with 1200+ lanterns, stilt walkers, constellation stars,. Ribbon rockets, floats and the Big Bone Band! Come early for the first ever pre-parade festival. Visit www.lanternparade.org for more info.

October 30th (Saturday) Join Audubon’s Bird Walk and learn about late fall migration. Binoculars provided, meet at the fountain at 8 a.m.. Free

October 31st (Sunday) Have a safe and happy Halloween!

Patterson Park’s Pet Vet

‘Mums & Pumpkins at the

Fall Fest October 24th, 3-6 p.m.

Linwood Between Baltimore & Lombard

FREE

It’s time to get festive for fall! Register for a FREE pumpkin and FREE ‘mum by emailing greening@pattersonparkneighbors.org. Encourage your neighbors to participate as well. Limited supply so hurry!

Then make sure you attend the Fall Fest on Sunday, October 24th, to pick up your ‘mum and pumpkins and enjoy face paining, food, drinks, and pumpkin decorating!

Email kimiya.aghevli@gmail.com for info

Dr. Nicole Jantz has been a Patterson Park resident for two years, with her dogs, Finley and Callan, and cats, Leo and

Koma.

“With Halloween right around the corner, pet owners should be especially aware of what items may be potentially dangerous for their pets, such as chocolate. Xylitol, a sugar alcohol found in "sugar free" products and toothpaste, can also be very toxic to pets. If your pet eats any of these types of products, it’s important to seek a veterinarian immediately, as ingestion can lead to liver failure and potentially be fatal”

Email your pet questions to CDudley@YWGCRealty.com

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October 2010

Kimi Aghevli & Christina Dudley, Realtors

Featured Real Estate Article: Ground Rent: New Legislation

What is ground rent? Ground rent is a regular payment required under a lease from the owner of leasehold property, payable to the freeholder. In laymanʼsʼ terms, a ground rent exists when, at some point in the past, the owner of a property separated the structure/building from land upon which it sits. Essentially, the current owner of the structure leases the land below their home, and pays the ground rent holder in two installments yearly (usually between $60 and $120 a year). When the owner of the structure sells the property, the new owner then assumes the payments to the ground rent holder. Since many of the ground rents are 100+ years old, you can imagine how many lay languishing, and what a nightmare this created for title companies and owners alike! What has changed? As of September 29th, 2010 all ground rents were required by law to be registered with the Department of Assessments and Taxation. Failure to register ground rents by that date caused them, in most cases, to be extinguished by operation of law. Owners of improved property located on land subject to an unregistered ground lease will no longer be responsible for paying the associated ground rent. They will also be able to seek a declaration from the Department stating that the ground rent is no longer valid. However, this may create tax implications so owners seeking this declaration should check with their financial advisors before hand.

Does this apply to all ground rents? No. Owners of so-called “irredeemable ground rents” or ground leases that were created prior to April 9, 1884 have until December 31, 2010 to register their intent to keep their ground lease irredeemable. Additionally, the statute allows for a ground lease owner who is under a legal disability (under the age of 18 or mentally incapacitated) to register the ground rent within three years after the termination of the disability. In other words, the statute allows for an otherwise extinguished ground lease to be resurrected in this one narrow circumstance. If you have questions about YOUR property or ground rent, don’t hesitate to contact us for guidance. The current housing market offers unprecedented opportunities for first-time and move-up buyers alike. Call or email us to talk about your best move.

Kimi Aghevli 410.925.6625/410.732.3030 KAghevli@YWGCrealty.com

October 2010

Kimi Aghevli & Christina Dudley, Realtors

Search listings, neighborhood information, buying and selling tools and additional resources

and more from my website: www.ywgcrealty.com/kaghevli

Or just call or email me and we can do the work for you!

Let’s connect online! Share your favorite restaurant, plan a party, or search for a babysitter down the street…all at your fingertips!

By joining this social network you not only enable yourself to get to know your neighbors and your neighborhood better, but you also strengthen our community.

You can plan events, upload pictures, share news, and discuss neighborhood issues in a forum.

So log on today and encourage your friends and neighbors to do the same!

We look forward to seeing you there!

www.pattersonpark.ning.com Join Your Neighbors

Online!

Questions about this issue? Ideas for what you’d like to see in the next? Have something you want us to share with the neighborhood? We want to hear from you! Whether it’s to find out about buying or selling a home, or to tell everyone you’re happy to babysit or dog walk, contact us via email, phone, mail, or a knock on our doors. And of course, if you, a neighbor, a family member or a friend is looking to buy or sell real estate, please call to see how we can help. We can’t wait to hear from you!

9 S. Linwood Ave/30 N Linwood Ave KAghevli@YWGCRealty.com CDudley@YWGCRealty.com (410) 925-6625 Kimi Cell (443) 803-3876 Christina Cell (410)732-3030 Office Find us on Facebook at The Dudley and Aghevli Real Estate Group This information is deemed to be accurate but is not warranted

KIMI AGHEVLI & CHRISTINA DUDLEY

PATTERSON PARK’S NEIGHBORHOOD REALTORS