"C.A.R.E. - Johns Hopkins Hospital Area"

This Auction has been CANCELED.
Sold prior to the auction.

ONLINE REAL ESTATE AUCTION

TWO STORY TOWNHOME &
2 ADJOINING LOTS

Known As:
2207-2211 McELDERRY STREET
Baltimore City, MD 21205

– CANCELED –

BIDDING OPENS:
FRIDAY, JUNE 26, 2020

BIDDING CLOSES:
MONDAY, JUNE 29, 2020 AT 12:00 P.M.

– Suggested Starting Bid: $10,000 –

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:
2207-2211 McElderry Street is located in the C.A.R.E neighborhood of east Baltimore City. Surrounding neighborhoods include Butcher’s Hill, Patterson Place and McElderry Park. The home sits near the community business district located along E. Monument Street, comprising retail stores, restaurants, community services and the Northeast City Market. The Northeast City Market, where residents can find food, grocery and other retail vendors is one of Baltimore’s 6 public markets. In 2012, the market received a $2 million renovation giving the market a more inviting look. Commuters can take advantage of Orleans Street to the south for east/west travel and I-83 for north/south travel. Major employers in the area include Johns Hopkins Hospital and the Mid-Atlantic Baking Company.

For more information, please see:
Neighborhoods – livebaltimore.com

 SITE:

2207 McElderry Street: 12′ x 50′ 1″, more or less

2209 McElderry Street: 12′ x 55′ 1″, more or less

2211 McElderry Street: 11’10” x 52′ 7″, more or less

Total: Comprising 1,832 sq. ft or 0.042 acre, more or less

Zoned residential

All public utilities

IMPROVEMENTS:
Two story end of group brick townhome – according to public tax records, the house was constructed in 1920. The home is believed to contain living room, dining room and kitchen, on first floor; three bedrooms and bathroom, on second floor; unfinished basement. 2209 & 2211 McElderry Street are vacant lots.

Home is in need of renovation.

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

TAXES:
2207 McElderry Street: $448.40 based on a full value assessment of $19,000

2209 McElderry Street: $165.20 based on a full value assessment of $7,000

2211 McElderry Street: $165.20 based on a full value assessment of $7,000

Total: $778.80 based on a full value assessment of $33,000

*Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $2,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Monday, June 29, 2020 at 12:00 P.M. (the bid closing). 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 purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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.

No Buyer’s Premium