"Brooklyn"

A $10,000 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. A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

$65,000 Opening Bid

BROOKLYN

DUPLEX
TOWNHOME

Known As:
50 W. TALBOTT STREET
Off Potee Street
Baltimore City, Maryland 21225

BIDDING OPENS:
MONDAY, JANUARY 13, 2025

BIDDING CLOSES:
WEDNESDAY, JANUARY 15, 2025
AT 12:30 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:
50 W. Talbott Street is located in the Brooklyn neighborhood of southern Baltimore City. The community was shaped by the shipping industries surrounding it and has the advantages of living in a large metropolitan city with the comfort of a small town. The property sits off of Potee Street, a travel artery connecting the area to Ritchie Highway. Grocery stores and the Enoch Pratt Community Library, among other large chain stores and restaurants are located on Ritchie Highway. Major employers in the area include MedStar Harbor Hospital (1.9 miles) and the Maryland Cruise Terminal (3.2 miles), in addition to local industrial jobs within the community. Brooklyn provides commuters easy and convenient access to major highways, including I-95 (3 miles), I-695 (2.3 miles) and I-895 (0.9 mile). Bus and other public transportation methods are available on both Ritchie Highway and E. Patapsco Avenue.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
Brooklyn, Baltimore, MD – www.niche.com

SITE:
Lot size – 21′ x 72′ 6″. Plat

Fenced rear yard

Alley access in rear yard

Zoned R-6, Residential. Previous use and approval for the building was two dwelling units

All public utilities

IMPROVEMENTS:
Two story inside group townhome, constructed in 1943, containing 1,428 square feet of living area and 714 square feet of basement space, according to public tax records. The property is arranged for two units and is vacant.

Lower Level Unit: Two bedrooms, full bathroom, living room and kitchen, on the first floor; bonus, bedroom, full bathroom, kitchen and laundry area, on the basement level.

Upper Level Unit: Two bedrooms and bathroom with living area and kitchen.

Mechanicals: Two gas furnaces, two gas water heater, separate electrical panels and meters.

TITLE:
Subject to a $96 ground rent payable in semi-annual installments on 5/5 and 10/5; sold free and clear of all liens. Baltimore City Deed Book Liber FMC 16582, folio 442.

TAXES:
Published annual real estate taxes are $1,126.50 based on a full value assessment of $47,733.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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 Seller makes no representations or warranties as to the condition of the Property or any improvements thereon and Purchaser acknowledges and agrees to purchase the Property in its “AS IS/WHERE IS” “WITH ALL FAULTS” condition and basis, subject to all easements, agreements, restrictions or covenants of record, zoning, and all laws, regulations, and governmental rules 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. 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% buyer’s premium will be added to the final bid price.