"Midtown-Edmondson"

TO THE HIGHEST BIDDER OVER $5,000

MIDTOWN – EDMONDSON

TWO STORY
SHELL TOWNHOME

Known As:
702 APPLETON STREET
Near Harlem Avenue
Baltimore City, Maryland 21217

BIDDING OPENS:
MONDAY, JANUARY 8, 2024

BIDDING CLOSES:
TUESDAY, JANUARY 9, 2024
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.

LOCATION:
702 Appleton Street is located in the Midtown – Edmondson neighborhood of West Baltimore City. Surrounding neighborhoods include Harlem Park, Bridgeview/Greenlawn and Evergreen Lawn. Commuters have easy access to major roads with N. Fulton Avenue and N. Monroe Street (north/south) being within a quarter mile and W. Franklin Street (east/west) within a half mile. Public transportation, including bus and train, are within a half mile. Within close proximity to the home are restaurants, shops and recreation centers. Major employers in the area include Grace Medical Center, University of Maryland, Baltimore and Coppin State University.

For more information, please see:
Neighborhoods – livebaltimore.com

SITE:
Rectangular lot – 15′ x 86’6″, more or less. Plat

Zoning R-8, residential

All public utilities

IMPROVEMENTS:
Two story shell townhome, constructed in 1920, according to public tax records. The home is in shell condition and requires complete rehabilitation.

TITLE:
$180 annual ground rent; Sold free and clear of all liens. Baltimore City Deed Book FMC 11015, folio 511.

TAXES:
Published annual real estate taxes are $165.20, based on a full value assessment of $7,000.

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by January 9, 2024 at 4 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, ground rent and 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 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price.