"Canton"

Live Auction Bidders – a $20,000 deposit, payable by 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $20,000 or 10% deposit, whichever is greater, payable by wire transfer or cashier’s check by 4:00 P.M. on the day of auction. No exceptions. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount.

A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Featuring Live Onsite & Simulcast Online Bidding
$100,000 Opening Bid

CANTON

TWO STORY TOWNHOME
– Needing Full Renovation –

Sale On Premises:
1118 S. EAST AVENUE
Near O’Donnell Street
Baltimore City, MD 21224

Online Bidding Opens
MONDAY, JUNE 24, 2024

Live Onsite Auction Begins
TUESDAY, JUNE 25, 2024
AT 2:00 P.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:
1118 S. East Avenue is located in the heart of Canton in southeast Baltimore City. The property sits two blocks from the Canton Square, Canton’s “Main Street,” and home to a collection of restaurants, retail stores and local businesses. The Canton Waterfront Park and Baltimore Waterfront Promenade are just three blocks south. Canton is one of Baltimore’s hubs of entertainment and social life, but also provides excellent proximity to some of the area’s major employers and commuter routes. With access to a number of City parks, fields and gyms, the area is also well-known for a wide variety of recreational and fitness oriented activities and events throughout the year.

For more information about the area, please visit:
City Of Baltimore – www.baltimorecity.gov
Neighborhoods – livebaltimore.com
CityView Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org

SITE:
Lot size – 13’6″ x 75’6″, according to public tax records

All public utilities

Zoned R-8 Residential

Block Plat

IMPROVEMENTS:
Two story brick inside-group townhome – constructed in 1900 (believed to be older), containing 1,230 square feet above grade and 575 square feet of basement space, according to public tax records. The home is arranged as follows: living room, dining area, kitchen and large pantry, on the first floor; 3 bedrooms and bath, on the second floor; partial, unfinished basement; vinyl-clad replacement windows; flat built-up roof. The property is in poor condition, requiring full renovation.

TITLE:
Subject to a $37.25 annual ground rent; sold free and clear of all liens.

TAXES:
Current annual real estate taxes are $4,120.56, based on a full value tax assessment of $174,600.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $20,000 deposit, payable by 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $20,000 or 10% deposit, whichever is greater, payable by wire transfer or cashier’s check by 4:00 P.M. on the day of auction. No exceptions.

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, Baltimore City Violation Notices, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. 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.