"Sandtown - Winchester"

– $25,000 Opening Bid –

SANDTOWN – WINCHESTER

TWO STORY
BRICK TOWNHOME

Known As
1612 N. CALHOUN STREET
Off N. Carey Street
Baltimore City, MD 21217

Bidding Opens:
MONDAY, APRIL 17, 2023

Bidding Closes:
TUESDAY, APRIL 18, 2023 AT 11:15 A.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:
1612 N. Calhoun Street is located in the Sandtown – Winchester neighborhood in West Baltimore City. Surrounding neighborhoods include Harlem Park, Upton, Druid Heights, Penn North and Easterwood. Nearby properties are a mix of townhomes and apartments, with some commercial and religious properties along Fulton Avenue and Monroe Street. The neighborhood is located along US-40, providing good access to the Metro (Penn North and Upton Stations within 1 mile), West Baltimore MARC station (1.1 miles southwest), Downtown (2.5 miles east), and the Baltimore Beltway (I-695, 5.7 miles west). Sandtown, and the surrounding neighborhoods, have been the subject of a number of revitalization efforts over the past few decades, including those featured in recent Baltimore Sun articles linked below.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
CityView Map – cityview.baltimorecity.gov
Article about Upton – www.baltimoresun.com
Article about West Baltimore business complex – www.baltimoresun.com

SITE:
Rectangular lot – 12′ x 58′, according to public tax records. Plat
Zoning R-8, Residential
All public utilities

IMPROVEMENTS:
Two story brick townhome built in 1920, according to public tax records. The home is believed to contain living room, dining room , and kitchen, on first floor; three bedrooms and one bathroom on second floor, and a partially finished basement. The property is believed to be inhabited by an occupant.

TITLE:
Subject to an annual $120 ground rent due in semi-annual installments on 6/2 & 12/2; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $401.20, based on a full value assessment of $17,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or 10% of the purchase price (whichever is greater), payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of the auction at the Auctioneer’s office, 6500 Falls Road, Baltimore, MD 21209. 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, 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 assumes the risk of loss or damage to the property from the date of contract forward. 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. 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% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.