"Brooklyn"

ONLINE REAL ESTATE AUCTION

TWO STORY
RENTAL TOWNHOME
– Rented for $1,035 per Month –

Known As
3838 8th STREET
Near E. Jeffrey Street
Baltimore, MD 21225

BIDDING OPENS:
TUESDAY, JANUARY 12, 2021

BIDDING CLOSES:
THURSDAY, JANUARY 14, 2021 AT 2:00 PM

– Starting Bid: $15,000 –

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:
3838 8th Street is located in the Brooklyn neighborhood of South Baltimore. 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 E. Patapsco Avenue, which conveniently features retail, dining and entertainment options. Close by on Ritchie Highway there is a Shoppers Food Warehouse (1.9 miles) and the Brooklyn Park Community Library (1.1 miles). 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).

SITE:
Lot size – 16′ x 100′, more or less. Plat

Zoned Residential

All public utilities

IMPROVEMENTS:
Two story inside group townhome – constructed in 1942, containing 1,088 square feet of living area and 544 square feet of basement space, according to public tax records. The home is rented on a month-to-month lease for $1,035 per month. Tenants are in arrears. The home is believed to contain living room, dining room, kitchen, on the first floor; three bedrooms and a bathroom, on the second floor; unfinished basement. MDE Lead Inspection Certificate

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the lease.

TITLE:
In fee simple; sold free and clear of liens. Baltimore City Deed Book FMC folio 12425, liber 18.

TAXES:
Published annual real estate taxes are $1,182.36 based on a full value assessment of $50,100.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $3,500 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 Friday, January 15, 2021 at 2:00 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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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. Purchaser acknowledges that he/she has received all due diligence information from Auctioneer, including but not limited to the lease, lead certificate, notice of tenant delinquency and tenant forfeiture of security deposit. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.