"East Baltimore Midway"

REAL ESTATE AUCTION

Updated Two Story
PORCHFRONT TOWNHOME
– Certified Lead Free –

Sale On Premises
710 E. 23^rd STREET
Baltimore, MD 21218

TUESDAY, JULY 18, 2017
AT 11:00 A.M.

– Suggested Opening 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:
710 E. 23rd Street is located in the East Baltimore Midway neighborhood in east Baltimore City. The property is situated roughly 0.5 mile north of North Avenue, 0.3 mile south of E. 25th Street and one block east of Greenmount Avenue. Johns Hopkins University is located 2 miles northwest, while Station North Arts and Entertainment District is approximately 1 mile west. Retail shopping and various commercial properties are located within walking distance. The Jones Falls Expressway (I-83) and Downtown Baltimore are each approximately one mile to the west and southwest, respectively.

For more information, please see:
http://livebaltimore.com/neighborhoods/

SITE:
Rectangular lot 13’8″ x 85′, more or less

Zoning R-8, Residential
For more information, see the Baltimore City zoning code.

All public utilities

IMPROVEMENTS:
Two story brick inside-group covered porchfront townhome – according to public tax records, the home was constructed in 1920. The recently updated home features vinyl replacement windows, 100 amp electrical service and gas forced air heat. The home is arranged as follows: living room, dining room, half bath and kitchen on the first floor; 3 bedrooms and bath, on the second floor; full basement. The home is in turn-key rental condition. Note: The property is currently rented for $850/mo. The rent is believed to be in arrears.

TITLE:
$96 annual ground rent (due in semi-annual installments on 6/23 & 12/23); sold free and clear of all liens.

TAXES:
Published annual real estate taxes are $283.20.

TERMS OF SALE:
A $2,500 deposit, payable by certified check or cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. 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 shall be responsible for obtaining physical possession of the property and 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.

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