"Canton"

$100,000 Opening Bid

TWO STORY SHELL TOWNHOME

KNOWN AS
1201 S. ELLWOOD AVENUE
Off Boston Street
Baltimore City, Maryland 21224

BIDDING OPENS:
MONDAY, MARCH 7, 2022

BIDDING CLOSES:
TUESDAY, MARCH 8, 2022 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:
1201 S. Ellwood Avenue is located at the southern end of the Canton neighborhood in Southeast Baltimore. The home is approximately 2 blocks north of the Canton Waterfront Park, with great views, events throughout the year and immediate access to the Waterfront Promenade. A roof deck on top of the property would likely feature substantial waterfront views as well. Canton Square, home to a robust number of bars, restaurants and annual events, is approximately one block north. Retail shopping, groceries and additional dining options are located along Boston Street and throughout the proximate area.

A significant number of Baltimore’s largest employers are nearby, running from Harbor East all the way through the marine terminals to the south, and including Johns Hopkins, Excelon, H&S Bakery, Amazon, T. Rowe Price and many others. Access to major highways, including I-95 and I-895, is strong. The home is within the Canton Historic District, providing an opportunity for CHAP historic tax credits.

For more information about the area, please visit:
Canton – livebaltimore.com
Canton & Brewers Hill – baltimore.org
CityView Map – cityview.baltimorecity.gov

SITE:
Lot size – 12’6″ x 45′, more or less, according to public tax records. Plat

Zoned R-8 Residential

IMPROVEMENTS:
Two story formstone front inside-group brick townhome – constructed in 1920, containing 792 square feet of living area and 290 square feet of basement space, according to public tax records. The home is arranged for 5 rooms, bath and basement. The home needs full renovation.

TITLE:
The property is in fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $4,531.20, based on a full value assessment of $192,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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 Tuesday, March 8, 2022 at 4:30 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, 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 Property will be sold subject to Baltimore City violation notices, if any. 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% buyer’s premium will be added to the final bid price.