"New Southwest - Mount Clare"

ONLINE REAL ESTATE AUCTION
– $10,000 Opening Bid –

TWO STORY TOWNHOME

Sale on Premises
312 S. WOODYEAR STREET
Baltimore City, MD 21223

BIDDING OPENS:
FRIDAY, JUNE 18, 2021

BIDDING CLOSES:
TUESDAY, JUNE 22, 2021 AT 11:30 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:
312 S. Woodyear Street is located in the New Southwest – Mount Clare neighborhood in Southwest Baltimore. The 300 block of South Woodyear Street is a well-known block in the area, with Babe Ruth reportedly having lived on the block in his youth. The block also received the Southwest Partnership’s 2020 Most Beautiful Block in their Clean Block Competition. New Southwest – Mount Clare is among a collection of neighborhoods surrounding Carroll Park, including Pigtown and Carrollton Ridge, that have excellent access to nearby major employers and commuter routes (I-95, MD-295 and I-395, etc.) throughout the area. Downtown Baltimore is less than 1 mile east. Mount Clare Junction, with a grocery store, dining and retail stores, is located one block east.

For more information about the area, please visit:
New Southwest – Mount Clare – livebaltimore.com
CityView Map – cityview.baltimorecity.gov
Southwest Partnership – southwestpartnershipbaltimore.org
2019 Baltimore Sun Article – www.baltimoresun.com

SITE:
Lot size – 12′ x 70′, more or less. Plat

All public utilities

Zoned R-8 Residential

IMPROVEMENTS:
Two story brick inside-group formstone front townhome – constructed in 1900, according to tax records. The home features vinyl-clad replacement windows and updated finishes, and is arranged as follows: living room, dining room and kitchen, on the first floor; three bedrooms and bath, on the second floor; partial unfinished basement; gas forced air heat.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $896.80, based on a full value assessment of $38,000.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
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 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. 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.