"East Baltimore - Biddle Street"

Two Story Brick Townhome
10445.jpg

Listing Details

Sold Price
$16,000
Auction Date
Auction Time
2:45 PM
Address
1023 N. Milton Avenue, Baltimore, MD, 21205
County
Baltimore City
Neighborhood
East Baltimore, Biddle Street
Inspection
The home may be inspected 30 minutes prior to the auction.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

EAST BALTIMORE

"Biddle Street"

Two Story Brick
TOWNHOME

Sale On Premises
1023 N. MILTON AVENUE
Near E. Chase Street
Baltimore City, MD 21205

WEDNESDAY, SEPTEMBER 14, 2016
AT 2:45 P.M.

 - Suggested Opening Bid: $7,500 -

    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.

LOCATION:
1023 N. Milton Avenue is located in the Biddle Street neighborhood in East Baltimore, immediately north of the East Baltimore Development, Inc. (EBDI) initiative. EBDI is a public-private partnership aimed at redeveloping and improving the neighborhoods surrounding Johns Hopkins Hospital, one of the City's largest employers. Johns Hopkins Hospital is less than one mile southeast of the property. There is significant large scale construction happening approximately 3 blocks to the southeast. Other revitalization initiatives are well underway in both the McElderry Park and Oliver neighborhoods, both in close proximity to Biddle Street. The location also has good proximity to US-40, I-95 and I-895, providing access to employers throughout the area.

For more information, please see:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot 14' x 69'4"

Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story inside-group brick townhome - according to public tax records the home was constructed in  1920. The home contains 6 rooms (3 bedrooms), bath and basement.

TITLE:
Annual $48 ground rent (unregistered); sold free and clear of liens.

TAXES:
Published annual real estate taxes are $448.40 based on a full value assessment of $19,000. 

TERMS OF SALE:
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 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. 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.  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.  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. 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.

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