"Madison-Eastend - East Monument National Historic District"

ONLINE REAL ESTATE AUCTION

– East Monument National Historic District –

TWO STORY
CORNER BUILDING
– Renovation Required –

Known As:
2622 ASHLAND AVENUE
Corner of N. Glover Street
Baltimore City, MD 21205

BIDDING OPEN:
MONDAY, JANUARY 11, 2021

BIDDING CLOSE:
THURSDAY, JANUARY 14, 2021 AT 12:00 P.M.

– Starting Bid: $25,000 –

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:
2622 Ashland Avenue is located in the Madison-Eastend neighborhood in East Baltimore City. Surrounding neighborhoods include Milton-Montford, Biddle Street and McElderry Park. The building is located just two blocks north of E. Monument Street, a commercial thoroughfare of East Baltimore that features shops, restaurants, entertainment venues and is the home of the Northeast Market. The Northeast Market, established in 1865, provides the community with fresh meats, fish, produce and baked goods. Several large projects and development initiatives are within a half mile of the home. The East Baltimore Development Initiative (EBDI) and large projects such as the redevelopment of the A. Hoen & Co. Lithograph building are prominent drivers in the revitalization and rebuilding of East Baltimore. Commuters within the area can take advantage of Biddle Street to the north for east/west travel and N. Patterson Park Avenue to the west for north/south travel. Various bus routes and a metro line are all within a 15 minute walk. Major employers in the area include Johns Hopkins Hospital, Mid-Atlantic Baking Company and Ferguson Plumbing Supply.

For more information, please see:
Neighborhoods – livebaltimore.com
East Monument – chap.baltimorecity.gov
The A. Hoen & Co. Lithograph Campus – www.crossstpartners.com
East Baltimore Development Inc. – www.ebdi.org

SITE:
Lot – 14’11” x 70′. Plat

All public utilities

Zoned R-8, Residential

IMPROVEMENTS:
Two story end of group brick building. The building comprises approximately 2,088 square feet of living area plus basement and has been updated with new joists, electrical work and more.

Additional information coming soon.

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

TAXES:
Published annual real estate taxes are $240, based on a full value assessment of $10,200.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire payment, will be required of the purchaser by 4:30 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.  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 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.

IMPORTANT – THE PROPERTY IS BEING SOLD SUBJECT TO A CONSENT ORDER AND VACANT BUILDING NOTICE(S). THE PURCHASER SHALL BE REQUIRED TO REHABILITATE THE PROPERTY ACCORDING TO THE ORDER. Purchaser shall not assign the contract of sale without prior, written permission of One House at a Time, Inc., the Baltimore City Receiver, which may be withheld in Receiver’s sole and absolute discretion.