"Easterwood"

A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

To The Highest Bidder Over $5,000

EASTERWOOD

THREE STORY END OF
GROUP TOWNHOME

Known As:
1901 W. NORTH AVENUE
Corner of N. Monroe Street
Baltimore City, Maryland 21217

BIDDING OPENS:
MONDAY, JULY 8, 2024

BIDDING CLOSES:
WEDNESDAY, JULY 10, 2024 AT 12:00 P.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:
1901 W. North Avenue is located in the Easterwood neighborhood of West Baltimore City. Surrounding neighborhoods include Coppin Heights, Mondawmin and Sandtown-Winchester. The area is experiencing a revitalization thanks to recent major investments in the community. Coppin State University, a historically black college, is located within one mile and has been a key contributor to the community’s growth and development. Just over a mile east is a recent $100 million mixed-use community development project known as Reservoir Square, formerly Madison Park North. The new community will feature 120 new townhomes, 200 apartments, approximately 100,000 SF of office space, community improvements and more. Restaurants, retail and various entertainment options are available within a one mile radius of the home. Grocery stores, parks and recreation centers are nearby as well. The home is proximate to many public transportation options including bus service on North Avenue and the Baltimore metro near Mondawmin Mall. Major employers in the area include Coppin State University and Baltimore City Community College.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
Coppin State University – www.coppin.edu
Reservoir Square – reservoirsquare.com

SITE:
Lot size – 15′ x 85′, more or less, according to public tax records. Plat

All Public Utilities

Zoned Residential – Multifamily

IMPROVEMENTS:
Three story end-of-group townhome, constructed in 1920, according to public tax records. The seller has done extensive structural work and stabilization, including repointing the bricks. Full renovation required.

TITLE:
In fee simple; and sold free and clear of liens. Baltimore City Deed Book MB 21821, folio 2.

TAXES:
Published annual real estate taxes are $205.32, based on a full value assessment of $8,700.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. 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, 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, Baltimore City violation notices, restrictions or covenants of record affecting same, 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. Time is of the essence. A 5% or $2,500 buyer’s premium, whichever is greater, will be added to the final bid price.