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A $3,000 deposit or ten percent (10%) of the Purchase Price (whichever is greater) in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4:00 P.M. on the day of the auction. 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% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.
ABSOLUTE TO THE HIGHEST BIDDER
2231 ANNAPOLIS ROAD
Off Waterview Avenue
Baltimore City, MD 21230
ONLINE BIDDING OPENS:
MONDAY, JUNE 12, 2023
ONLINE BIDDING CLOSES:
TUESDAY, JUNE 13, 2023
AT 11:30 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.
2231 Annapolis Road is located in the Westport neighborhood in South Baltimore City. Westport stands on the Patapsco River’s western shore, just south of I-95 and Baltimore’s Inner Harbor. In addition to I-95, MD-295 and I-895 are within close proximity to the property.
According to LiveBaltimore, the area has experienced revitalization in recent years. The proposed Baltimore-Washington Superconducting Maglev Project, which has secured $5 billion in investments, aims to connect Baltimore and Washington with a high-speed train. Additional projects include ONE Westport Mission, whose vision is to reinvent the Westport community by creating new residential, commercial, and retail development. This work aspires to improve the community by incorporating national, regional, and local developers in the project thereby creating new opportunities for all residents of Westport. Major employers in the area include MedStar Harbor Hospital, Horseshoe Casino, and M&T Stadium.
For more information about the area, please visit:
Neighborhoods – livebaltimore.com
Development | ONE Westport – www.onewestport-baltimore.com
B-W SCMaglev Project – www.bwmaglev.info
Lot size – 13′ x 87′, more or less, according to public tax records. Plat
All public utilities
The property is zoned C-1, Commercial
Two story brick inside-group townhome – according to public tax records the building was built in 1920 and contains 1,040 square feet of gross building area above grade and 520 square feet of basement space. The home is believed to be arranged as living room, dining room and kitchen, on the first floor; two bedrooms and bathroom, on the second floor; and basement. The property may require a full renovation.
In fee simple; sold free and clear of all liens.
Published annual real estate taxes are $637.20, based on a full value assessment of $27,000.
This property is being sold subject to a Baltimore City Receivership action initiated as a result of a Vacant House Notice. Purchasers will be required to enter the receivership case and present their proof of ability to rehabilitate the property to the court before the City will agree to lift the Receiver’s lien on the property. The receivership petition will then be amended to add the new owners, with the lien lifted, and the property can proceed to closing. An automatic extension of 30 days will be provided to the Purchaser if the City does not lift the lien within the initial 45 day closing period provided by the contract.
SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $3,000 deposit or ten percent (10%) of the Purchase Price (whichever is greater) in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4:00 P.M. on the day of the auction. 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 and 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. The Property will be sold subject to Baltimore City violation notices. 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.