"Mount Clare"

$5,000 Opening Bid

TWO STORY TOWNHOME

KNOWN AS
1424 RAMSAY STREET
Near Stricker Street
Baltimore City, Maryland 21223

BIDDING OPENS:
MONDAY, NOVEMBER 15, 2021

BIDDING CLOSES:
THURSDAY, NOVEMBER 18, 2021
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:
1424 Ramsay Street is located in the New Southwest – Mount Clare neighborhood in southwest Baltimore City. Carroll Park is immediately to the south, and surrounding neighborhoods include Pigtown, Union Square, Hollins Market and Carrollton Ridge. The Mount Clare Junction shopping center is 2 blocks east, and the B&O Railroad Museum is also nearby. Proximate homes are comprised predominantly of two story townhomes constructed in the early 1900s.

For more information about the area, please visit:
Mount Clare – livebaltimore.com
CityView Map – cityview.baltimorecity.gov

SITE:
Lot size – 12′ x 48′, more or less, according to public tax records. Plat

Zoned R-8 Residential

IMPROVEMENTS:
Two story brick inside-group townhome – constructed in 1900, according to public tax records. The home is believed to contain 5 rooms (2 bedrooms), bath and basement.

TITLE:
$36 annual ground rent, due in semi-annual installments on 6/22 and 12/22; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $141.60, based on a full value assessment of $6,000.

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 4:30 P.M. on the day of the auction. 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, 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% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.